Clarence Browne
Do you typically give a profit split to your PML?
Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split. I do see instances where joint ventures may be up to 50/50 p...
Krysty Underwood
Taught my daughter the difference between an asset and liability
So my daughter has shown some interest recently in the investments I'm working on, and we had a discussion today about what is an asset and what is a liability. I told her why i was working so hard now at investment a...
Nick Dallaire
Pitching to a private lender. Before a deal??
Hello BP, With covid-19 and social distancing affecting construction projects HML's have lowered LTV and increased down payments and some have slowed lending on anything greater than minor rehab projects. I have been...
Melanie P.
WARNING - Justin Goodin is Operating as Goodin Development
If you've been around these forums a while you may remember @Justin Goodin of Next Level Equity. He used to troll these waters for suckers very hard until I found out that his claimed experience and transaction histor...
Mary Joe
Renter's Insurance - how do you phrase that in the lease?
Does anyone have the language you use in the lease for Renter's Insurance?
I am about to renew the lease with my tenant but it gets very costly having to spend another $250 for my attorney just to add a simple parag...
Daniel Foster
Self-Directed IRA VS Solo 401K
I am looking for some advice and comparisons between a Self-Directed IRA vs a Solo 401K. I have scanned through the various threads and have a couple of books on order, but could use some advice. I will likely have ...
Karen Lindstrom
How do you keep a GC motivated to get the job done.
We are currently in the middle of building a spec house in a very nice town. Our G.C. has 13 employees and he seems to have 1 or 2 jobs going concurrently with our job.I'm having a very hard time watching the progress...
Mark Miller
Can a PMC legally refuse to send initial tenant application?
During the PMA contract term, can a property management company legally refuse to send the initial tenant application that contains the background check and income information?If yes, then what about after termination...
Douglas B.
SUB30kCLUB: tips to protect yourself legally
Today's topic is a springboard off of @Lisa Phillips a Phillips Phillips Phillips excellent blog series, episode 2 on incorporating.
We will be doing business in NY and, with the advice of our attorn...
Account Closed
I'm really confused with the whole self directed IRA/Solo K
I've been doing some reading online, and I'm really confused with the whole checkbook writing Solo 401K. I thought I read it somewhere that you can transfer your Roth IRA to a checkbook writing Solo 401K (I don't reme...