14 March 2017 | 3 replies
The new government in DC is barely 60 days old.Yet one of the most noticeable early goals it has set for itself is the repeal of Dodd-Frank.Although this law is more complex than most people seem to think,it might be worth your while as a real estate investor to google it and familiarize yourself with some of what it does and doesn't.Those BP members who were in the game in 2006-2008 understand that Real Estate can be a blood sport.We like to beat up on stocks.We like to say an entire stock portfolio can be wiped out by some extenuating circumstances while real estate is tangible and can be driven to,visited and touched.However,thanks to NINA and NINJA loans (google them),real estate proved every inch as dangerous as stocks in 2006-2008.At least when most people own stocks,it's usually almost all their own capital.When mortgages go bad,you not only lose your own equity,but now you own a ginormous amount of money to a lender who must foreclose on you.Bankruptcy may follow as value add.I feel it's my responsibility as an experienced investor to throw this out here at this time in our national political journey for those newbies who keep salivating over all these tempting threads on BP about "so and so" buying "150 units in 12 months".Now more than ever,it's extremely important to learn from the bitter lessons of the not too distant past.leverage is a two-edged sword.The wise ensure they purchase a sheath as well.The new government's policy post-repeal of Dodd-Frank (if it's that easy) may well birth an unprecedented job growth explosion and asset appreciation that we never have to worry about rental units vacancies again.But experience tells every savvy investor that is a pie-in-the-sky expectation.So what is my company doing to prepare for what is to come?
7 June 2024 | 6 replies
I think the advice is solid, but it really is location driven more than anything.Judging by the terrain, it is in SoCal or maybe AZ?
28 June 2024 | 5 replies
The two most likely scenarios:1) They are driven by non-monetary factors (e.g., mission-driven: want to make the world a better place OR lifestyle: prefer the work of selling a program to the work of executing it) and they are willing to stomach any difference in income, OR 2) They are making more money selling the program to you than they are working it for themselves.
17 December 2015 | 10 replies
What if Tenant A is on the lease but Tenant B trashes the home and then disappears?
9 December 2015 | 16 replies
@Jason Clark,Obviously just arm chair lawyering here (I am sure a real one will come in and put me in my place but it is fun to chat nonetheless).Chik-fil-a is a company and the CEO is an employee of the board, at what point does that person who is a brand (Trump/Ellen/Oprah etc) no longer be considered the person pushing policy?
4 November 2016 | 12 replies
And finally, for a multi-family property, the value will be driven by the NOI and cap rate more than anything else.
22 March 2019 | 10 replies
AI would counter with a higher number knowing that they would rather pay than go to court for such a small amount.
24 February 2021 | 23 replies
As for property managers, I used to do landscaping work for Ground Floor PM and AI Enterprises.
7 November 2017 | 19 replies
@Cara Lonsdale @Tom Gimer good discussionwhile this is common out in the west... most east coast or attorney driven states do not have title plants and the title co won't deal with the public..