All Forum Posts by: JR T.

You need to either come up with the cash or find a replacement to step into your position who can perform so your existing partner can realize his expected return.

I feel strongly (and you may not) that as the nonperforming party you owe a duty to your partner to move heaven and earth to fix this, even if the end result is you are out of this deal.

It's clear you don't understand the scope of the undertaking. What is your background and experience in?

What we are telling you is that your idea in present form requires all the offering documents, government registration etc that you do not wish to think about. If you fail to do that before taking investors money or think you have a way around it and you lose somebody's money it is likely you'll be put in jail for it.

On Shark Tank entrepreneurs are selling ownership shares in their businesses not realty syndications. Totally different offerings. 

You don't really think the firms actually selling these things legally did any work to be in the correct legal position prior to accepting funds? Come on. Daydreams are great but this forum is rooted in reality.

Is the commercial vacant? In Maryland you'd lose the grandfathered overlay after 2 years and couldn't put a business in there anymore. The problem you may run into is getting authorization to operate that 3rd unit as a residential rental, they may try to get you to give up the attic apartment.

Its a warranty only on the items listed. Not insurance on everything that could happen in your home. And is that per unit per month? 

They had to send Jeremy a plumber for drywall cause they dont warranty that. I recently replaced the cast iron drain in my 100 year old home.Plumbers left three stories of holes in drywall and ceilings. My GC fixed the drywall cause I wanted it to look right.

How did you find this client? Did you have them sign something that says you're not their agent? How do you select whether a potential client goes into your wholesale channel?

How much interest went out the door in those 25 years? How many additional properties could you have bought if 75% of that money was yours instead of the banks?

Another trick I've used is to keep their marketing materials then pull them 6-12 months later. I look up the old addresses they sold and contact the owners for a real review via Facebook or LinkedIn.

So far I haven't been able to independently identify a happy turnkey customer. I think they mostly exist within these forums.

No such thing as passive real estate income. You're gonna have to earn every dollar with your sweat and your smarts. Come to terms with the fact you've got to work hard and blaze a path, that you'll always want more and gotta be willing to do whatever it takes to make it happen.

Good news is with the right attitude planing and work ethic you'll be limitlessly successful. Good luck! You going to college?

Their fee includes answering calls from tenants, collecting rent, disbursing expenses and talking with you. Everything else they do has an extra fee. BTW, even with all those fees they don't make **** so there is not much wiggle room.

A high end tenant will hire a Gardner to care for the yard. You should hire your own pool service so you don't have to pay the inflated cost with the PM nor trust the tenant with pool care.