John R.
Should I 'keep' the messy tenant who will pay post renovation rent without renovation?
12 August 2015 | 16 replies
All your suggestions should allow for a win/win in this situation.
Joshua D.
Tax Lien Certificate sales
27 May 2016 | 19 replies
Dealing with tax lien certificates, once you win the property and are past the redemption period, you are also responsible for foreclosing on the original owners to acquire the deed, then a quiet title action so you can get title insurance.
Adam Smit
SOUTHLANDERS
9 January 2016 | 14 replies
I have struggle to find 30 yr fixed after my 4th property so I consider this a big win.
Tamara Taylor
Negotiating 1st deal on REO
12 August 2015 | 1 reply
Seems like the latter would be a win win.
James W.
Hi, new slumlord here. General advice request.
26 January 2016 | 47 replies
So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom
Deanna Betancourth
First Deal New Jersey - have I missed any important steps that might lead to failure?
21 August 2015 | 7 replies
However, in either case much like you don't get an LLC to drive down the street I am not sure it is a necessity.This is even more true because if you do the LLC wrong it is not useful because someone could easily pierce the corporate veil.
Bob Faulis
$150MM mixed use under way after being broken 20 years, $10MM away
8 January 2017 | 45 replies
I am always looking for subtle signs of distress, thinking of new and better uses or property, learning regional growth trends and trying to anticipate markets.For this property, I easily noticed that it was out of place- not being developed in a highly desirable and economically vibrant area.
Mark Parzych
Sending Letters Out Soon - Please Review
27 September 2016 | 20 replies
Ø You can easily sell a vacant houseWhy spend money on a house you will never live in?
Sheba Shimoji
Personal injury Lawsuit
17 June 2021 | 9 replies
I am not sure who is going to win in this case.
Anthony Atyeo
Buy and hold in non-ideal markets
18 August 2015 | 17 replies
You can buy turnkey properties out of state (which I would be kind of weary about because you won't have boots on the ground and really know the area or be able to fix things easily).