BIG PURCHASE, BIG RISKSCountrywide lost $2.5 billion in the last three quarters.

Yunghova wrote:FIRST - if your not a licences forecloure conslutant in the state of MD your going to JAIL for doing a pre foreclousre Talking about licenses...this statement amounts to legaladvice, and in some quarters could be considered practicinglaw without a license.Let's watch what we say to each other on this forum.

I still fly out once a quarter because I am a little bit of a control freak and I like to take them out to dinner after the projects for that quarter are complete as a thank you and develop both a personal professional relationship with them.The big thing I want to make sure is that they know I am not taking advantage of them and what they are doing for me is greatly appreciated and that as long as they help me grow I will do everything I can to help them grow as well. 

This house actually has separate living quarters and I was actually considering it for short term leasing until I saw this policy coming to effect this fall. 

I work at a firm downtown that holds a majority stake in Pittsburgh area multifamily because not only do we sell the most (70% of Pittsburgh Sales in the last quarter) but most of us are investors ourselves.

It may be nobody’s fault, but if it is anyone’s it would be yours...because you offered them living quarters for a fee and it would be presumed the living quarters are free of dangerous pests.

Do not use money in this account for personal expenses, and only take owner draws in a way that is systematic (i.e. monthly, quarterly, or annually), after the business becomes profitable. 

I’ve set a goal of doing my first deal by second quarter 2020 so hopefully they will keep falling.

@Robert GibsonRegarding taking a 401k loan:You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

I recommend paying out dividends on a quarterly basis and your investors shouldn't care either way.Hope this helps!