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12 November 2011 | 18 replies
I'm putting in a new kitchen, paint, hardwoods, carpet, light fixtures and other minor stuff.
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6 November 2011 | 4 replies
If possible, anything you used that helped you get started.There is just so much on the web and so many different avenues to choose from that it gets frustrating not knowing where to start.
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12 November 2011 | 17 replies
My team consists of those who provide acquisition opportunities, my contractor/sub team which is my painting crew, framers, flooring installers, masonry guys, landscapers, etc., my RE agent who performs a lot of my upfront due diligence on potential acquisitions and also is teh agent who lists the properties for re-sale on the exit, my escrow company, my title company, my attorney, my project manager (in this case - he is my Brother), and my insurance agent.
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25 March 2012 | 10 replies
Got a call from the tenant that the utility company couldn't find the house to transfer the utilities(no mailbox and numbers pulled off the house for exterior painting :O).
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24 July 2017 | 19 replies
It's simple really if they don't get paid until funded at closing and you pay the appraiser directly for upfront fees keeping the so called lender from PADDING anything then they most likely are real.If they ask for money upfront they can call it whatever fee they want.They keep changing names so people do not think it is a scam and then never fund the deal.Really think about this if a lender gets a bunch of money upfront they have low motivation to close your deal.It's like mailing someone a 1,000 that is 100 miles away from a building and saying drive here and paint this unit today.Versus having a 1,000 but not paying a dime until the work is completed.For every real lender I see about 8 out of 10 that are scammers and are just churning due diligence fees.This is rampant in commercial real estate.First question I ask a lender who calls is do you have to put up ANY money before closing other than direct payment to the appraiser??
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21 November 2011 | 18 replies
The name C Corporation is used only to distinguish one taxable entity from another taxable entity (there is no Subchapter C, which governs how a C Corporation is taxed.)Because the "S" simply refers to a section of the tax code, choosing to tax an LLC as an S Corporation affect ONLY the rules used to tax the LLC - NOT the rules to form or operate an LLC, nor the rules that determine the liability of the owners of an LLC.LEGAL REQUIREMENTS & LIABILITYLegal Requirements:The rules to form and operate a Corporation are different from the rules to form and operate an LLC.
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8 December 2011 | 8 replies
I choose to live in the middle of nowhere, but I usually invest where the people are.With that said, some of my best deals have been in the middle of nowhere where I did not have any connections t all!
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9 November 2011 | 8 replies
Schiff is one bright dude (he predicted the real estate crash), and he doesn't paint a rosy picture of our economic future - unless the government drastically changes course from it's borrow/spending binge in the near future.
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9 November 2011 | 0 replies
What are the most important factors when deciding who to select as your tenant. I know income and credit are important, [LINKS REMOVED]
Looking forward to hearing what you think.
Thanks!