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19 June 2012 | 26 replies
On the residential side you have more red tape but I play in the commercial side.The type of workout and thought process for commercial properties and businesses is a whole other world compared to a homeowner or a small time investor with a house for a rental.
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16 June 2012 | 4 replies
The hosuing authority usually has a bulletin board, put up the info and make sure they are giving out your name.Knock off some rent for your tenants who find you a quaified tenant, they'll do it looking for their neighbors.Call the building regs office, see about properties recently red tagged, that can be grounds to break a lease and fish for those tenants.
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19 June 2012 | 17 replies
FWIW, in my property-management classes we were told that payment of rent in advance is a huge red flag - like most scams, the appeal to your "greed" can sometimes be used against you.
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27 June 2012 | 31 replies
Ivan,You posted in another topic about an inheritance.I commend you for not going and buying a bunch of crap with it but wanting to invest it.I have seen some friends inherit large sums of money in the past that the grandparents and parents sweat blood and tears for them to have and did without to give them a chance at a better life.The friend was irresponsible and lived "high on the hog" for a few years and is now broker "working for the man".I think what you are underestimating is what it will take to do repairs correctly,the time involved,and how buying incorrectly can wipe out a large chunk of your wealth.Not knowing what kind of existing annual return you are getting on your money is a huge red flag.You have to compare the RETURN versus the RISK when moving money around or allocating a percentage of your portfolio of investments.If you don't you are "shooting in the dark" and might as well take a trip to Vegas and play the slot machines with your money.DON'T talk yourself into something and say "it's not so bad".That is what I am seeing from your posts and is the number one mistake of new investors.
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1 October 2012 | 15 replies
Put it all on red.
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25 June 2012 | 4 replies
If they give you resistance, consider the reaction a major red flag.
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10 July 2012 | 24 replies
A steak's a hunk of red meat.
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17 July 2012 | 4 replies
The management company is RMI Management, and the collection agency is owned by RMI, called Red Rock Financial Services.
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30 November 2012 | 24 replies
Funny the first reason to deny is illegal in residential, it's called red lining, refusing to lend in certain areas.
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29 June 2012 | 0 replies
We live in interesting times.California Association of Realtors Issues Red Alert on Homeowner's Bill of Rights. http://www.car.org/governmentaffairs/getinvolved/redalert4/?