Jonathan Twombly
My manager walked out on me, or the importance of having a good management company
26 November 2014 | 0 replies
Having a good management company in place is essential for larger properties, especially when your property is not in your own back yard -- or even if it is.A few weeks ago, at one of our properties, the onsite manager became overwhelmed by the task of managing and marketing the property resigned, followed shortly by the leasing agent.Fortunately, we have a management company that was able to send several people from the corporate office right away, to fill the gap while they hire replacements.If we tried to self-manage the property, how could we possibly deal with this situation?
Jerry Kisasonak
Transfer Tax on FHA Deals?
15 December 2014 | 2 replies
However, their corporate addendums state that the buy is to pay the transfer tax.
Cesar Romero
Contact info on yellow vs white letters
26 November 2014 | 1 reply
So as I see it, white letters are intended to give a more "corporate" and professional impression which attracts certain potential sellers whereas yellow letters give a more personal touch that may hit other types of sellers.
Westin Hudnall
50/50 partnership. Difference between dissolving a partnership and exiting a partnership ?
29 November 2014 | 5 replies
You need to first review state law as to corporations (LLCs are under corporate entities) and use those as your beginning point in forming your agreements, by beginning point I mean the general outline as to anything must be accomplished.
Jonathan Cope
What was your Most Courageous Moment as an Investor?
3 December 2014 | 54 replies
When I was fired from my corporate job (an act of mercy on their part) I took my loving oart gift (my TV game show term for severance pay) and used to it carry me through my first winter as a full-time real estate investor.Much like @Jay Hinrichs I've been in situations (now many) where the more experienced people hesitated when the opportunity presented itself.
Aaron T.
Freedom Mortgage
29 December 2014 | 5 replies
She has me set up with Freedom Mortgage Corporation.
Bob Danaher
Worth jumping in?
4 December 2014 | 8 replies
It really wasn't that hard to replace the corporate job income by working only 40 hours in real estate being one of the early wholesalers.
Cody Steck
1 year owner occupied requirement?
6 December 2014 | 11 replies
Another exception is something that might occur beyond your control or knowledge, recently we had a post about a homebuyer who was approached by a corporate buyer for a pending development.
Ben Biggs
Legal Entities and Personal Debt
2 December 2014 | 3 replies
I will most likely be over 40% due to my rentals, is there a way to "shield" your personal debt by holding all of your properties in an S corp or an LLC?
George Chiu
Introduction
6 December 2014 | 2 replies
I currently live in Queens, NY.My background is in Finance, analyzing corporate credit transactions such as leverage buyouts and mergers & acquisitions.