
11 March 2013 | 8 replies
And, I would not use any administrator just because someone has not heard any complaints or assumes others have done research on them.I have a basic SDIRA with IRA Services in San Carlos, CA (no checkbook access) and I use them frequently for real deals I do all the time.

26 November 2011 | 50 replies
I don't see seasoned investors buying these types of properties for the most part.So then in my mind these newer investors are buying properties that have minimal returns because they do not have the experience to properly analyze a purchase price.If you are buying TURN KEY you are paying for it.If you want some easy don't expect to get rich off of it.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.Again I have never used a turn key company.I just know based on many accounts of others buying through them that many times it does not work in their favor.I have yet to see an independant third party that bought post everywhere that they are cash flowing great and would use turn key again.Instead it's nightmare after nightmare.If I have to deal with a properties nightmares I will do the work and reap ALL the forced equity I wring out of it.Not overpay for lipstick and then be fixing problem after problem.Before you buy in that area go to the eviction court and see how many cases are processing a month?

18 November 2011 | 11 replies
Okay........Have a tenant that I filed eviction on.The county was backed up so took awhile on the writ.Marshall is serving the eviction the 21st of November after 3 months from filing court date.The woman became disabled and filed for SSI disability.I talked to her case worker and the usual time for review is 2 years to get approved or denied.She told them she was getting evicted and sent evidence.They escalated and marked file for review.When I discussed with case worker even though file is flagged it still has to go through the judge for review which takes 2 to 4 weeks and then if approved SSI will send me the landlord the back rent owed which is around 4,000 with late fees and penalties.So the answer from SSI will not be in time before the eviction.I already told the tenant today I need at least half 2,000 or I am not stopping the marshall from evicting on the 21st.The lady says she would call me back and says she might could get the money but the issue is she can't pay me because when she goes for review for SSI they will ask where she got the money to pay rent.Then she could lose benefits or amount of lifetime benefits going forward and will not risk the lifetime benefit.She said if I just waited I am on the forms to get paid when she gets approved.My thing is If I cancel the marshall then I have to refile eviction and with the Holidays it will be January or February before I get them out.I told the lady I was not stopping it for a 600 payment and that she is not guaranteed SSI approval and I can't stop it on a PROMISE.We will see what she does.I told her to pay by Sunday.If I get 2 grand now it will be one less unit I have to rehab and then if SSI doesn't come through with the rest in 4 weeks I can evict again.She is judgement proof even though I have one on her I can't collect from pensions etc. with garnishment or bank levy.She was a tenant I inherited from a previous landlord 4 months ago when I bought the place and she used to pay on time before getting hurt with her back.Any thoughts or dealings with SSI Disability will be helpful.

20 November 2011 | 12 replies
Basic steps to improving overall cash flow fall into 2 categories: Either increase income or decrease expenses.

23 November 2011 | 4 replies
Could you send me some basic peramiters for your investors?

8 December 2011 | 5 replies
I went over and did some basic troubleshooting.

14 December 2011 | 40 replies
Basically, just a normal old house to flip.

29 November 2012 | 5 replies
Basically a good wholesaling program that lays out task in a day by day process to follow to get your business going and in the green?

9 December 2011 | 10 replies
Maybe do it twice, just to prove to any court you gave plenty of chance to the borrower.

3 February 2012 | 20 replies
I did some basic market research and saw that my mortgage was on the higher end.