John Thedford
Got VERY Bad Feedback When Asking About A Potential Borrower
I have a potential borrower asking for a HML. Our good friend and mentor Jay Hinrichs suggested using the 3 C's for underwriting: character of the borrower, capacity to repay the loan, and of course, the collateral.He...
Seth B.
How to create solid lease in Wisconsin?
Hello All!Going to close on my first duplex at the end of June! Woohoo!! Finally going to be entering in the ranks of you guys :DI know I still have a couple months before we even move in, but I want to start working ...
Joey Hall
Cell Tower Lease
I have acquired a piece of property that has an existing cell tower on it. The previous owner had already sold the lease about 10 years ago for a lump sum payment. I have requested a copy of the lease. From what I und...
Luis Rosello
Self directed IRA and LLCs
Hi, I want to buy my first investment property, and I'm trying to learn all I can about how to use my own money. I'm looking into setting up a self directed IRA, that I can manage through my LLC, but it's proving very...
David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Ryan Landis
Direct Mail - Listing, Wholetailing, and Wholesaling
Hi everyone,I have an interesting question that I am not sure if I am over thinking and would really appreciate some feedback on. I am a licensed broker in California, and will be doing my second round of direct mail ...
Sagi Hassin
House hacking / STR around Universal or Disney
Hi all,Does anyone have experience with house splitting/house hacking?My wife and I are thinking about splitting a house, living in half and renting the other half as a STR.We are currently living in South Florida and...
Account Closed
title issue
I have a seller call me that have a house where one spouse was award the house in a divorce degree a number of years ago and and never went to the trouble of getting the former spouse off the deed now they want to sel...
N/A N/A
New Member (501 C3 and LLC incorporation)
I found your club through myspace.com. I spent the better part of the day reading through threads and posts of which I found very informative. However, I did not find anything about starting a leasing company or creat...
Michael Brattelli
Insurance policies for rental properties
I would like to hear from long time rental property investors what things you believe are important in a homeowners insurance policy? What specific item coverage on the policy should be increased or decreased to have ...