Nate Byers
Multi-Family Inspection Repairs Negotiation
9 March 2019 | 6 replies
Don't believe anything the seller tells you; don't even listen to your agent; ultimately verifying the health of the investment is your responsibility.
Jeff N.
Real Estate Agents cant take weekends off!
24 September 2011 | 23 replies
I will tell you a personal story that changed my life.I thought I had all the time in the world but at age 16 in a span of 2 years I lost my dad in an auto accident,my grandmother,my grandfather,my best friends dad to cancer 2 weeks before my dad died accidentally and my family (brothers) thought we were rich off of my dad's death so sued us in court (how nice).I was only 16 at the time and my world imploded.From that I learned the value of TIME and how rare it is.Instead of living to make my dad happy I redefined what I wanted my life to be which took me awhile to figure out.I owned a restaurant later on in life (my 20's) and made great money but the hours and problems were a killer.My weight went up to 280 and my cholesterol was at 300.I sold it off and took a few years off and regained my health and sanity.I learned from that experience that money IS NOT everything.It simply is a vehicle to accomplish my goals in life but I am not a slave to it.I believe you are much more rich and powerful when you are centered.Being centered is achieving a harmonious balance in as many aspects of your life as possible.I know people who have lots of money but are miserable.The kids hate them and the wife left them.The job didn't end up being the end all they thought it was.I believe for brokers and agent we need to specify residential versus commercial.In residential YES if you are working with small investors buying dumpy little houses you will work hard for a little return.I don't do residential housing.The headache is big and the returns are small (a few thousand if you are lucky).In commercial most of my clients own businesses and operate during the week.They value the weekends off and down time just as much as I do.Now if someone wants to fly in and is looking at big purchases I will make time but not at the last second.I will also qualify them before spending any time with them.I invest and buy properties myself so I understand time and money.A broker/agent being HUNGRY is all relative to their experience and knowledge and level of deals they are doing.I love commercial because my sales price and commission checks are much larger.Smallest deals typically are 500k and most are in the millions.Selling a 30k house I would have to do 34 deals to do 1 deal at a million sales price.As you can see just like investors not all brokers/agents are equal (the same).I believe the problem is expectations going in from both sides.The benefit for a broker/agent is with a starter investor the sales price is small but you can grow in deal size with them over time.If you already have investors purchasing large properties you don't want to mess with the small deals.So it's all really about where you are at and where you want to go for a broker/agent and as an investor.We are all I believe looking for the same thing.Independence to live the life we want BY CHOICE and not BECAUSE WE HAVE TO.
Adam Azam
What to do with a poorly purchased, nightmare-only duplex?
5 April 2023 | 6 replies
I think your mental health is worth more than that.
Justin Jarboe
LEASE ADDENDUMS? What extras do you add to your lease
12 August 2020 | 78 replies
“Drug-related illegal activity” means the illegal manufacture, sale, distribution, purchase, USE, or possession with intent to manufacture, sell distribute, or USE of a controlled substance (as defined in Section 102 or the Controlled Substance Act (21 U.S.C. 8002) or possession of drug paraphernalia.2.Resident, any member of the resident’s household or guest or other person under the resident’s control shall not engage in any act intended to facilitate illegal activity, including drug-related illegal activity, on or near the said premises.3.Resident or members of the household will not permit the dwelling to be used for, or to facilitate illegal activity, including drug-related illegal activity, regardless of whether the individual engaging in such activity is a member of the household.4.Resident or members of the household will not engage in the manufacture, sale or distribution of illegal drugs at any locations, whether on or near the dwelling unit premises, or otherwise.5.Resident, any members of the resident’s household, or a guest or other person under the resident’s control shall not engage in acts of violence, or threats of violence, including but not limited to the unlawful discharge of firearms, prostitution, criminal street gang activity, intimidation, or any other breach of the housing agreement that the other wise jeopardizes the health safety or welfare of the landlord, his agents, or tenants.6.VIOLATION OF THE ABOVE PROVISIONS SHALL BE A MATERIAL VIOLATION OF THE HOUSING AGREEMENT AND GOOD CAUSE FOR TEMINATION OF TENANCY.
Glenn Mcgrath
Fix Roof leak or replace the roof?
3 September 2021 | 27 replies
Roofs are vital to the overall health of your investment.
Lauren Akins
How many units needed before you hit financial freedom, and why?
11 October 2021 | 58 replies
Your health care needs in your 40's, 50's and 60's are huge compared to 20's and 30's.
Mack Fleming
Marketability of Newly Developed Mobile Home Park.
21 December 2023 | 16 replies
This part of the County has no zoning and zero regulations, with the exception of the health dept for the septic systems.So, my question is not so much about does the numbers work, as it is regarding finding an investor that would be interested in purchasing a newly developed park.
Mel Park
I'm pondering making private loans for flipping
22 October 2023 | 16 replies
I'm not perfect - but in my previous life I built 3 companies - highly competitive industry where I had 40+ full time employees, and health with a plethora of people with my point being, after 20+ years of that I'm usually good at sizing up people.
Account Closed
Seller Fiancing as a retirement strategy
8 June 2010 | 53 replies
Not to venture from the OP, but a note: a residential property held in such an LLC can be sold through the share where title is not transferred until the share is fully paid without getting into a real estate seller financing issue if properly structured.Income from properties in the LLC can also pay for premiums for health and life insurance as well as for contributions to a retirement plan.