Jimmy Rojas
Want to get into the RE game but the risk is greater
25 December 2023 | 2 replies
I been in the car selling business since 2013, basically I lease an dealers license from a used car dealer, buy vehicles at dealers (only) auctions where you buy them at trade in value and sell retail, currently i buy cars that are ready to sell, its worth it to me even if i have to pay a couple hundred more, get em detailed and put them for sale at the used car dealers lot, once the car sells, i just pay my fees + sales man commission and get my check.My impression of RE is that there is way to much risk compared to what im currently doing, you have to get approved for a home, unless you want to pay high dollar you have to get a fixer upper, appraise the home prior to buying (if dont purchase , lots $),have a reliable crew that will not rip you off and complete in time agreed, ect,ect.ect
Justin Jarboe
LEASE ADDENDUMS? What extras do you add to your lease
12 August 2020 | 78 replies
I was curious if it is reasonable to limit the number of vehicles because of that?
Glenn Mcgrath
Fix Roof leak or replace the roof?
3 September 2021 | 27 replies
We don't have one piece of furniture with the exception of office furniture and beds, but no headboards, no dressers and no couches.I am 71-years old and never purchased a new vehicle with the exception of a new Mercedes SUV I purchased my wife about 7 years ago and the vehicle does not have 2,000 miles on it because my wife loves a 2003 Ford cargo van she drives every day because she put 3 custom-made dog beds in the van and doesn't have to worry about her dogs messing up her Mercedes.
Adam Steinberger
Estate planning and asset protection
25 July 2021 | 10 replies
You could easily isolate your stocks into an offshore entity, and put US based assets into other vehicles.
James Carlson
Denver to require a landlord license?
2 March 2022 | 12 replies
No different than the envirotest debacle of taxpayers paying millions of dollars a year who own automatically compliant automobiles that basically can't violate clean air rules to pay for the ability to police a tiny percentage of vehicles that could, might or do violate the clean air rules.
Amod Karve
Best way to tap into equity
27 October 2022 | 12 replies
HI Amod,You can use:- HELOC or home equity lines of credit or commercial lines of credit to access the equity- you could cash out refinance with 30 year fixed notes, currently in the mid 7's (roughly 700 for every 100k borrowed per month)If you're already netting 200 cashflow a month, you may want to limit your access to this equity or consider that the use of this debt vehicle will cause your current property to probably go negative in terms of cashflow, if tapped.
Cristin Andrews
How to handle property manager leasing to person with warrants for drugs burglary etc
5 December 2023 | 30 replies
The first result that came up was his mug shot and an article in the local newspaper showing him getting arrested with a ton of drugs and a gun in his vehicle.
Joyce Y.
The Tenants from Hell - How to Deal? Help Me.
25 January 2019 | 31 replies
Having a vehicle that drips oil on my driveway is good enough reason, having insufficient credit is the easiest saying without compensating factors.
Cody Anderson
Individual SMLLCs for Joint Ownership to Preserve Section 121 Exemptions
6 December 2023 | 0 replies
A couple friends and I are looking at co-buying a residential (non-investment) property in California and we're attempting to engineer a vehicle that would allow us to receive the best mortgage terms possible (a la avoiding a commercial loan), preserve the section 121 capital gains exclusion while also realizing the benefits and protections that come with an LLC.Is it possible to have each owner, that's planning to occupy the property as a primary or secondary residence, establish a single member LLC in a way that gives us the best lending terms while maintaining the flexibility to have individuals sell their ownership interest (via the SMLLC) to someone else without triggering due on sale?
Ricky Armstead
Development units per acre
17 December 2012 | 5 replies
You also need to know what is the required parking per unit, required set backs, are curb/gutter/sidewalks required and if so, what is the width, etc, what is requuired for driveways, do you need enough for a turnaround for emergency vehicles, how much in the way of landscaping areas, are there any easements that affect the property, and any other local building regulations that affect the density allowed.