Alexander Monnin
*Rich Dad Poor Dad* Book Review #1
31 May 2017 | 31 replies
I personally believe that the better way to judge the education of a series of books is by the success that had been attained solely through the education of that book.I've taught Real Estate between 2007 to 2015 in order to teach beginning Investors how to really understand the Financials in a much more sophisticated way and apply it to ANY investment, not just Real Estate.You would learn things like Discounted Cash Flows (DCF), Internal Rates of Return (IRR), Mortgage Analysis and Amortization, etc.Unfortunately, many of the students who read Books like these wound up investing in higher Cash Flow / Lower Appreciation Areas while they lived in the very high Appreciation Cities and neighborhoods.The results are that a lot of the Students completely missed the boat in areas that skyrocketed.For example, while I and several of my personal students bought a 3 Unit Brownstone in Bed-Stuy for $900k, put in $300k or renovations, the building today is worth $2.2 Million.We purchased with an 80% LTV Mortgage of $720k so our down payment was $180k.
Brandon Benifield
ATTENTION ALL NEW JERSEY LANDLORDS!!
28 August 2020 | 13 replies
Laws are tenant friendly- and judging by the recent exposé by the Asbury Park Press, they should be.
Drew Byrd
Wholesaling through an LLC
27 May 2017 | 20 replies
In most eviction cases where a landlord has not registered, the judge will postpone hearing the case to give the landlord time to register." see : http://lsnjlaw.org/Housing/Landlord-Tenant/Evictions/Pages/Defenses-to-Eviction.aspx#.WScxiYgrK00Hope that helps.
Blake Cory
listsource.com question on criteria
25 May 2017 | 1 reply
If you have a specific end goal than people can give you advice on whats working.for example - I am looking to wholesale properties in __________, California and I am looking to market to homeowners who have declared bankruptcy or are in pre-foreclosure.
Kent Harris
Bad Realtor who has cost me thousands of dollars
27 May 2017 | 37 replies
I requested to the judge that he give me the full amount that was due on the lease agreement, and it was granted.
Anthony Barbato
Minimizing occupants in your Lease
29 May 2017 | 13 replies
It increases one person for every 50 square feet of bedroom area.To address @Mindy Jensen concerns with Fair Housing, we had a case where a judge ruled a child under one years old does not count for overcrowding.Just a FYI the code allows for taking a living room and provided it meets the minimum size of 120 sq ft and there is enough room left for a bedroom it could be a combined room.
Aaron Armstrong
OH NO ! Too much money !!
29 May 2017 | 7 replies
You will need to then declare that rental income, although you possibly get a larger write off for the vehicle than you otherwise might have, however you do still have to meet the requirements of having that truck being used 100% for business, otherwise it's not 100% deductible.
Stewart McMillan
Badmouthing tenant's attorney. Are there consequences?
30 May 2017 | 30 replies
Alas, I live in a neighborhood of attorneys and judges.
Christopher Bavaro
Advice on house flipping
4 January 2018 | 17 replies
Best practices would be to reach out to some private/hard money lenders in your state to better understand the requirements and costs of different lenders and judge which works best for your investment.
Gorden S.
Potential lawsuit with HOA in NYC NY
10 June 2017 | 3 replies
The lien shall come from a judge/court if I lose the case, right?