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2 January 2019 | 13 replies
My godfather has stated to me, "He hasn't been under contract for almost 8 years now, has smoked in the unit for 10 years, and hasn't had the electric bill put in his name but pays extra on top of his rent every month."
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12 January 2015 | 6 replies
Batteries in smoke detectors are $2 each.
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15 February 2016 | 11 replies
EX1: The Fee Deal This deal is best if you have a large team or overhead you have to pay.1%-2% Acquisition Fee5%-20% Construction Management Fee1%-3% Disposition Fee30% of profit after fees to you70% of profit to capital partnerEX2: Preferred Return DealThis deal is best if your capital partner wants a consistent return with some upside and/or if you think you have a smoking hot deal. 8%-15% Interest payments on your partners capital investment (paid when the deal closes)60%-80% Profit to you after Interest (Preferred return)20%-40% Profit after Interest to your capital partnerEX3: The Simple DealThis deal is best if your capital partner is not sophisticated. 50%/50% Split of profits0%-2% Listing Commission (If you are the broker)I've put together dozens of partnerships.
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19 August 2019 | 1 reply
Does this seem true regarding changing the smoke detector batteries?
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2 January 2020 | 17 replies
If the tenants are not already violating the existing lease agreement, such as a pet or smoking, there is a good chance that they will violate it over the next few months.
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4 October 2019 | 8 replies
Smoke and mirrors is not the recipe for long term success.
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28 April 2017 | 30 replies
I've learned to talk to people and pick out the guy trying to blow smoke up my butt from a honest dependable person I can rely on.
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11 August 2014 | 27 replies
The unit has new AC, water heaters, smoke alarms, security lighting, and fire extinguishers to code.
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6 January 2016 | 12 replies
Tear the window security bars out if they don't have a fire release, throw some cheap co/smoke detectors up, double strap the water heater and no duct tape isn't going to cut it (CA earthquake thing), cut the 3 foot weeds back away from touching the exterior wall, get rid of that goddamn chicken seriously a "pet" chicken is not part of a vacant duplex wtf (true story), you know... that sort of thing.
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24 March 2014 | 6 replies
They will blow smoke up the tail of a decent borrower who will come in and do more business, making them think they are really special customers.