All Forum Posts by: Dennis M.

If you won’t invest when times are doing really good then what makes you think you’ll have the guts to do it when the bottom falls out and there’s blood in the streets ? Your going to have $h(7 or get off the pot . This isn’t a kids game . Feel the fear ....and do it anyway !

Well saying they don’t offer protection is false because There’s many ways to protect yourself and your asset from lawsuits . One way is to put the property in a trust using a trustee in a different state and a beneficiary in yet another state . So there’s three states in play  to try to litigate which any lawyer would tell you is a nightmare to know case law in All those . Just the trust name itself can keep you out of court . Would you be likely to file a frivolous suit against the owners if all you knew was the trust was called the DJM law group ? There’s dozens of advantages to using land trusts but there’s also dozens of bad info out there and people don’t understand how creative use of them is it’s own protection. As well not being personally liable . You think an llc alone is somehow going to help you over that ? The first thing an attorney will do if he wants to go after you is search your llc in the records to back calculate your assets to find your net worth . He Couldn’t find any of this information had you properly used a trust . Way More to this than most investors realize. Funny thing about the internet is Somebody reads an article about it and now they are an expert 

I would disagree but ok 

The left leaning commie states do offer appreciation that you won’t see in the Midwest but no one ever talks about how they are the first to get hammered  in a recession . Our prices in my area by all accounts stayed about the same regardless . I suppose the case can be made for any area . I for one don’t want the government telling me how to operate my business with their hand in my back pocket 

Trusts do offer asset protection if setup properly . I only buy in trusts . I use my llc as a beneficiary

@Jeff Adams

Start by reading rich dad poor dad

@Mary Mitchell

Maybe you could take her in Mary , since your so benevolent and all ! I’ve got special units for tenants with evictions they can even get half off rent rates too . But Its in a tent in the backyard !

Smart girl ! 

@Joey Moon

For starters you don’t pay 50 grand for a house that only gets 650$ in rent ! Nothing wrong with 500-700 a month rents if you can get the property cheap enough . Plenty of folks became millionaires by renting out low income housing in depressed areas . You need to simply find off market deals . No way I’d be paying anywhere near 50k for a house unless I was getting over 900 in rents ! Just Find deals that everyone else misses

Focus on making more money to have the ability to pay down debt instead of becoming a miser