All Forum Posts by: Andy Sirulnik

Newish investor.  I'm in an area of small New England towns, with a few small city areas steadily attracting young professionals and becoming trendy.  I'm looking at a three-family on a leafy street with with 80% financing, my cash-on-cash return would be 10%-15%.  But the cap rate is only around 2%.  Am I crazy, stupid, some combination thereof, or just missing something?

There are definitely rules and deadlines about when and how to serve your counterclaim, but two first-class mail stamps are all you need (one to send it to the plaintiff or his attorney, and the other to send it to the court).    

 This doesn't work in CA. The response to a law suite still needs to be filed with the Court hence paid and properly served to the Plaintiff which also costs money.

So a CA plaintiff can walk into the clerk's office, file a complaint, put cash on the wood, and then assert that the very same court lacks personal jurisdiction over him in a compulsory counterclaim? Lol.  I think that you're mistaken. 

I'm a lawyer among other things, and this idea is for educational and entertainment purposes only:  Tell the tenant to *please* sue you--if he files first you won't have to pay the court-filing and process-server fees when you counter-sue him for bringing bed bugs into your renal property.