Chris Hughes
Capital Gains on a Rental Property
19 March 2017 | 4 replies
This will give her the benefit of a regular monthly check coming in for principal and interest on the note, so she'll still have cash flow, but she'll lower her capital gains exposure.
Johanna Castel
Tenants not paying rent on time
24 March 2017 | 30 replies
Ideally you should ask what you want long term...If you think the tenant can meet your needs as a landlord while you meet your responsibilities to them then solve today's problem and set clear expectations along with regular follow ups going forward..
Nikita Khambe
Investing with someone else's IRA money.
2 April 2017 | 17 replies
Thank you everyone for your valuable comments.Adding one fact here: The client doesn't want his name on any of the purchasing contracts.Any idea on what share should I be taking of the profits other than my regular commission as a Realtor?
Matthew B.
Should you change your LLC regularly?
18 March 2017 | 6 replies
I've had an attorney and a CPA tell me I should change my house flipping LLC regularly.
Josh Caldwell
Relationship marketing - you need to do this
19 March 2017 | 11 replies
Relationship marketing is simply running your mouth to everyone that you interact with during your day.
Pavel Sakurets
Has anybody ever bought a non performing 2nd note from Wells?
19 March 2017 | 7 replies
Most of these trade desks don't interact with each other, which is more or less standard protocol with such large institutions.The other thing is, Wells Fargo has various complex entity structures, not to mention they service there own loans as well as loans for about 3,500 investors (which can be an assortment of large players) and they don't always cooperate because they're essentially separate companies.As far as US Bank goes, it can be just as complicated.
Marci Stein
Is this part of inspection?
21 March 2017 | 19 replies
Do you always get a regular inspection on your properties before you close??
Steve Lundy
First deal - 3 units in PA - feedback welcome (show your stuff!)
21 March 2017 | 14 replies
I noted in the beginning of the post that the property is in what I perceive to be a great area to keep it rented regularly.
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
Fareed Zahid
What would you do if you were starting out with $300k in capital?
1 April 2017 | 14 replies
Here, on this forum is OK (because you are getting advice), but I am talking about going out and about when interacting with people on more personal basis.