Michael Zagorsky
Renewing lease on late-paying tenant? Increase Security Deposit?
20 March 2017 | 2 replies
(simply elect to not renew with a notice period you specify)2) collect rent on a more regular basis...I find that a lot of folks have difficulty budgeting for an entire month, so I collect rent via direct deposit every two weeks...3) as a last resort to avoid costly turnover, reduce rent to a figure that she can meet that still alows you to cover expenses...once she demonstrates ability to say...pay $950 for two months, raise rent to $1,000 a month for a couple months...then go back to full rent...It would also make sense to verify if she has had a change in financial circumstances and can no longer afford the rent...if that's the case, it doesn't matter what you do...she will continue to fall further behind on payments
Han Oo
Refinancing to conentional loan with BRRRR
25 March 2017 | 6 replies
@Han Oo Sure...I buy property in an LLC because it works for me...I operate LLC's as sole member and have the ability to make decisions on behalf of the LLC (this works similarly in most states, but you may want to confirm)...I ask my lawyer to draft a quit claim deed and deed the property from the LLC to me...I complete the re-fi, then execute a general warranty deed back to the LLC.
Jeff Johnson
Direct Marking company where you can draw on a map
19 March 2017 | 0 replies
Does anyone know of a direct market company that has the ability to draw a map around the areas they want the potential clients from?
Kenneth Garrett
Lease Option Considerations
20 March 2017 | 3 replies
Look at the ability to pay for the tenant, not just rent but a future PITI payment.3.
David Sanford
Hands off way of collecting monthly rent
27 March 2017 | 24 replies
@David Sanford See if you can get a merchant account with your local bank and give your tenants the ability to pay with a debit card if they want.
Melvin Noriega
This Introduction Was Very Long Overdue
20 March 2017 | 3 replies
After I learned the basics, I decided to force myself to be successful in real estate by analyzing to the best of my ability tens of deals, and offering what I believed the properties were worth to me.
Darwin Liu
Expert Commercial RE Advice, Will Trade Online Marketing Advice
21 March 2017 | 1 reply
Basically, I'm trying to find the best/easiest way in with the least money down and the ability to build a system for growth.My situation: I run an online marketing company and our lease is expiring in a month.My initial thoughts (these might be dumb because I don't even know if it's allowed or if it makes sense) -> 1)Buy through my current company using an SBA Loan 504 loan.
David Zheng
Stop Asking for Help. Just Stop.
24 March 2017 | 175 replies
Isn't this kind of like the ability to change channels when you don't like the show on TV?
Patrick Anderson
Essential Advice for College Student New Investor
20 March 2017 | 1 reply
Private lenders are an abundant source of funding, but there's no bricks-and-mortar establishment, no standard process other than SEC regulations, just your own ability to build relationships - a key skill for an agent / broker.My $0.02 ...
Patrick Philip
Using 88% in the wholesaling formula?
20 March 2017 | 3 replies
I don't know how it would be legal because it sounds similar to brokering, the investor has a purchase contract with ability to assign to someone and the contract includes a phrase allowing them to list on MLS.