Tim Silvers
D&B WARNING
30 December 2012 | 18 replies
I unfortunately didnt find a way around their crap but I've heard others state that they told the representatives that they need the duns number asap so that they could complete an application for a bid on a government project.
George Moehlenhoff
Hard Money refi'd to conventional issues....
30 June 2011 | 16 replies
George time is a killer on rehabs because of holdings costs and the right market timing on selling.I would find out if your market is REO or short sale driven.I have other broker friends across the country that list REO for residential.Big banks are almost finished working out a settlement with the government on the ROBO fiasco.Word is later this year banks are going to start shredding the backlog of shadow inventory.This will put extra downward pressure on many markets for price and concessions given to buyers while increasing holding times.What I tell investors is to analyze at what percentage your market is stabilizing,appreciating,or declining.What you know is what the market is doing today.It's hard to predict the market in a few months when the rehab took longer than expected.I would price it within the bottom 50% of Actives given they are not grossly overpriced.Pay more attention to the recent sold's.You do not want to chase the market down.I don't know how many times I have seen sellers of any property type price high and chase the market down.If they would have priced correctly they would have sold much faster and for more money in a declining market.It sounds like you bought into a marginal deal with heavy holding costs and longer repairs.Best thing to do is too dump it quick and move to the next one where experience will get you better margins going forward.Good Luck
Richard Warren
Socialism: A Clear & Simple Example
10 April 2009 | 7 replies
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great; but when government takes all the reward away; no one will try or want to succeed.Could not be any simpler than that....
Marc Lyman
Accounting for last month's rent & security deposit
9 September 2009 | 3 replies
One important note is that for federal tax purposes, if you have received prepaid rent that is for a future year, then you must recognize it as income in the year collected.
Richard Warren
Is the VAT coming?
29 March 2010 | 4 replies
It may be the only way to generate the massive amounts of revenue needed to pay for all government obligations.
J Scott
The Largest Street Gang in America
15 June 2010 | 18 replies
This is even true of other government employees such as immigration officers at airports, security people at the airport screening places, etc.
Christian Malesic
Section 8 Wheelchair Accessibility
23 December 2023 | 10 replies
Actually, it does fall under Federal ADA requirements...Section 8 is irrelevant.You DO have to allow them to make modifications at their own expense, and YOU need to evaluate their specific request and make a determination if YOU can "reasonably" make/afford the accommodation requested.
Joe Cisneros
Rent and invest or buy and live?
8 June 2008 | 7 replies
I live in California in the Central Valley and I am currently renting for $715, its not close to $1000 but I have always been told that it is best to start investing in real estate by buying your own home and then turning around and selling it in 2 years seems how the government lets you put the profit in your pocket.
Dee W.
REI Education is Daunting
22 May 2012 | 17 replies
This will help you get a better overview of how your local government views real estate and investing.
Corey Dutton
Pooling Funds for Real Estate Investing or Private Money Lending – What to Watch Out For
31 May 2012 | 2 replies
If you are pooling investors to make hard money loans, most states have had regulations that govern that for quite sometime already.In regards to "moving and holding money".