July 2007
Investor Interviews by Joshua Dorkin | July 31, 2007I love when I have the opportunity to meet investors with different backgrounds. A full-time investor, landlord, and Realtor, Scott has a great deal of experience that should prove to be inspiring and helpful to any new landlord. He has had his share of difficult deals and has also experienced the benefits of being a [...]
Commentary by Joshua Dorkin | July 29, 2007I’m sure it is obvious by now that I haven’t gotten any money yet from my former property management company, Whitener & Flynn Properties LLC. Now 19 days since I should have gotten the money, I continue to learn new things from the others suffering a similar fate. Today, I’d like to share with everyone [...]
Commentary by Joshua Dorkin | July 27, 2007Josh’s Money Held Captive by Whitener & Flynn Properties, LLC – Day 17 When I last wrote about my previous property management company, Whitener & Flynn Properties LLC, I let everyone know that we had opened a private discussion area for owners affected by this situation. Since then, many of the property owners who have [...]
Commentary by Joshua Dorkin | July 27, 2007I noticed a property listing on Craigslist, titled “$150000 THIS IS THE BEST DEAL IN TOWN” and decided to take a look. Since I was about to find out about the best deal in town, I was really anticipating what was to come. Sadly, what I found was just another loser property. If you’re new [...]
Real Estate Tips by Joshua Dorkin | July 26, 2007I was talking to a friend who was looking at purchasing a piece of property. He was nervous because it was to be his first home and asked me about liens and doing a property lien search. How Do I Find Out if there are Any Liens on a Property? The answer is pretty straight [...]
Economy by Joshua Dorkin | July 24, 2007According to the Associated Press, Massachusetts yesterday endorsed legislation in its Senate to help homeowners faced with the prospect of foreclosure, and to put a stop on fraudulent and harmful practices by the mortgage industry. Mortgage brokers would have to obtain a license to work in Massachusetts and mortgage fraud would become a felony. The [...]
Commentary by Joshua Dorkin | July 19, 2007Over the past week and a half, (Part 1 & Part 2) I have written about my experience with a management company that was working for me called Whitener & Flynn Properties LLC out of St. Louis, MO. This company shut down with no notice, leaving many property owners and tenants in a terrible position. [...]
Real Estate Investing by Joshua Dorkin | July 17, 2007Well known amongst real estate investors, Marshall Reddick and the Marshall Reddick Real Estate Network is under a bit of scrutiny today after being sued for fraud. According to a press release today from the Wyatt Law Firm (courtesy of Business Wire): Marshall Reddick Real Estate Network, Inc. (MRREN), a prominent California-based real-estate-investment club, and [...]
Commentary by Joshua Dorkin | July 17, 2007In the first version of A Rental Property Management SNAFU Story, I shared with you how my property management company in St. Louis decided to close their doors without any notice to anyone. Some things have happened since then that I thought worth sharing. The Property Management Search: First, after interviewing almost every company in [...]
Foreclosures by Joshua Dorkin | July 14, 2007A new member to our real estate forums recently inquired about putting offers in on REO (Real Estate Owned) Properties. The property he was looking at was listed with an agent for 388,000. Upon doing some research, he found that the home had a 83,000 balance on the original mortgage. In making an offer, he [...]
Landlord Tenant by Joshua Dorkin | July 13, 2007A few years back, I put together a post called Things to Consider when Interviewing Property Management Companies. While this has been a great reference for myself and others, I thought it would be helpful to turn it into a usable form that everyone could use. I guess I’d have to say that I was [...]
Commentary by Joshua Dorkin | July 12, 2007I’ll get into more details at another time, but I thought many of you would be interested in this situation . . . I have a few multi-family properties out of state and have used a management company to operate them. To date, this company has done a phenomenal job managing the properties, but earlier [...]
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The Whitener & Flynn Hostage Crisis – Day 19 – Who is Gateway Select Properties?
by Joshua Dorkin | July 29, 2007I’m sure it is obvious by now that I haven’t gotten any money yet from my former property management company, Whitener & Flynn Properties LLC. Now 19 days since I should have gotten the money, I continue to learn new things from the others suffering a similar fate. Today, I’d like to share with everyone [...]