All Forum Posts by: Bobby Stener

@Donna Williams. That structure will work and you will not pay the 800 for in ca as long as you are not doing business in ca. Just make sure you don’t do business in ca with that wy llc. A similar structure would use wy as the child llc and have a Corp as management co doing business in ca.

As a fellow gc, no way do I share my subs! The more customers they have the less time they have for you and the more the prices rise as a simple supply and demand works out in their favor.

If you have reached retirement benefits then ditch the military job. Also, forget about doing your own work. You have $, you don’t have time!

You are all confusing m2 supply with velocity of m2. The supply is almost irrelevant if it’s not moving. Velocity is what you need to watch and when velocity of m2 picks up that is what will drive prices UP

You can also put an afci breaker in the panel and it will trip upon any potential arcing.

As the electrician above said, the aluminum connections can come loose over time. Many electricians will simply RE tighten the connections at the panel and switch/receptacle and it should be just fine. The problem is that when these wires are left I tightened for 40 years and a fire begins. Personally I’d feel just fine if the connections were RE tightened.

The mortgage forbearance can be added to the end of your loan if you have a Fannie Freddie loan! Too much misinformation on bp about this.

Those preaching the leverage are they themselves the ones making the rookie mistakes. If you didn’t weather the last downturn and are a new (less than 10 years) RE investor then you have not yet seen what the downside of leverage can do to you. This crisis is extremely young still and with tools like mortgage forbearance prolonging the foreclosures, I’m afraid we haven’t seen even close to the beginning of the carnage we will see in the next few years.

The money ALWAYS moves from the weak hands to the strong hands in times like these! I gotta thank all of you for levering up to provide the reo inventory the rest of us will feast on for the next few years... “may the odds be ever in your favor”

Let him stay for 3 years at the reduced rate, vacancy kills and if you have even 1 month vacancy during that time it will have been worth it to just have a steady tenant in there. I’ve done this where the owner stayed as a tenant and they take care of the house like they still own it... there are still there years later! This situation is a blessing for you, say thank you and sign me up!

All of you touting the beauty of leverage in real estate are about to get a real good lesson here in the next few years! It’s glorious on the way up but will rip your face off on the way down. Swimming with no shorts on as mr Buffett calls it