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Results (10,000+)
Pat Roszkowski How to sue for back rent from a tenant
1 September 2011 | 15 replies
Chase bank where I have my accounts will hold the cashiers check for so many days before crediting it.I wouldn't let any tenant move in until payment was verified.Chase has told me they have even had social security checks bounce from the government.I am not joking...............On what you can do to collect you first have to get a judgment.The in most areas you can go for a bank levy or a wage garnishemnt.For the bank levy you cannot touch social security,pension,or retirement funds.If those are pulled out the money will be reversed back to their accounts and credited.On a wage garnishment you can only collect up to 25% of income from their check and that's if they make over the federal poverty guidelines.If they don't make over the guidelines you can't do squat.If they make over 25% that is the total that can be taken out period.So if 2 garnishments are before yours you get what is left over out of that 25%.Generally the people will not stay at the job and will move to an all cash job to avoid the garnishment or they will file BK.There are collection companies that will buy the debt from you outright for very cheap or you can have an arrangement where they get so much of a percent of whatever they collect and the rest is yours.You can set it and forget it and put your time to other uses.Judgments are easy to get and very hard and time consuming to collect.The moral of the story is to screen your tenants very wisely and make sure the money is in hand.When I sell stuff on Craigslist I only take cash and I have a pen to check the bills.Some might call that over the top but I have never been scammed.Just like my friend said I was paranoid always looking for cops so I wouldn't get a ticket.My driving record is perfect and he has 2 tickets in the last year jacking up his insurance rates.no legal advice
Mark Yuschak 50% rule usefulness with rehab projects
15 November 2008 | 25 replies
Sure thing.......Late Monday will work out perfect.
Grant Reischauer New Member from Des Moines, IA
20 November 2014 | 9 replies
This is the perfect place to learn more about REI.
Account Closed Hard money loan for my personal home as collateral??
14 December 2014 | 9 replies
It's perfectly legal to make a hard money loan to an individual for a business purpose (or for a consumer purpose, if the HML has the correct licensing).
Gabe G. Repairs, where do you draw the line?
23 December 2014 | 41 replies
Is a bit overkill.My point of the post, was there are obvious things a landlord must do legally(heat,electricity,water etc) there are some thing that we do that arent required by law, to make the tenant happy, or that is what is written in the lease, but at some point with certain tenants, it comes to a point where enough is enough. no one lives in a perfect house, every house has something wrong.
Shayne Brescia Money money money!
8 January 2015 | 7 replies
Then again, if you are like me you hate to wholesale perfectly good deals that you could rehab yourself :).
Jack Paine Newbie from the Uk, seeking advice!
11 January 2015 | 3 replies
His experience in the trades was a perfect fit for doing work on his houses, for if he couldn't do the work himself, he knew someone who could. 
Alec Bewsee New(ish) Member from Western Mass!
15 March 2015 | 13 replies
This is certainly a great community and it is also a perfect place to learn more about REI.
Matthew Thorp How to find what the seller owes
1 November 2017 | 7 replies
Thus perfect for building lists as you couldn't manually do that yourself.
Yannick Dos Santos Foreign person taking a jump into real estate investment
7 September 2017 | 17 replies
Please search BP and request a book from @Jay Hinrichs, from http://turnkey-reviews.com/a-perfect-storm/.Good LuckVivek