Chris Mullinax
The BRRRR method
13 October 2021 | 11 replies
Don't have a lot of faith she'll go on to make a good, solid, lucrative investment at this point considering market conditions, the pressure she's under and the fact that her education and judgement so far haven't steered her better.
Matthew Irish-Jones
Why your BRRR is going to lose money
15 December 2021 | 56 replies
It's deep in the blood, my father had the same sickness himself.But I'm not on here telling people my life is sunshine and roses when it doesn't rain and champagne and caviar when it does.
Ben Capone
Tenant Not Paying Rent - Looking for Insight
28 September 2023 | 14 replies
The first 2 or 3 judgements went against the LL for procedural reasons.
Nathaniel Fulford
Navigating the Real Estate Landscape: A Hard Money Lender's Perspective
21 July 2023 | 2 replies
It's not without risks, but with careful planning and sound judgement, it can offer unique opportunities and flexibility that traditional lending often can't match.I'm interested in your thoughts and experiences with hard money loans.Best,Nathaniel S.
Josh Lyons
Does a landlord need a pickup truck?
2 September 2018 | 113 replies
Also, you can fit a lot more material in it that you can in a pick-up, and it will stay dry in a rain storm.
Abel Sanchez
First time in court since I bought my first property
18 December 2018 | 2 replies
That decision should be based on many factors like; how much do they owe vs how much in legal fees will it cost you to chase them down, even if you get judgement can they even pay, etc.
AJ Yannotta
Stay away from Lima One
19 February 2021 | 9 replies
I won a judgement against them, they are of course appealing and trying to bully me.
Bienes Raices
Holding Company LLC -- is this overkill?
25 August 2016 | 16 replies
This would make it a lot harder for someone to seize the house in the LLC if they obtained a judgement and the judgement went over the insurance limits (or insurance denied the claim).This setup sounds pretty solid, but the initial setup cost would be about $2000, and then of course there are the annual fees for the LLCs, and the registered agents, if necessary.
Account Closed
Unexpected Capital Improvement
8 March 2020 | 22 replies
You know that the sun, rain, and hail are constantly beating up the roof and siding.
Rj Sayler
Single Family Fiscal Year 2023 Capitalizing vs Deducting
4 November 2023 | 4 replies
As a general rule, any item that is an improvement to the property (new windows, roof, sidewalk) would be capitalized and items that are more short term in nature would be expensed (plumbing or HVAC repairs, paint, etc).Of course, there are times when plumbing, HVAC or paint might be appropriately capitalized so this is where some judgement must be exercised.