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All Forum Posts by: Dennis M.

Dennis M. has started 3 posts and replied 5905 times.

Post: Collecting rent from low income tenants

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

Cash , it works and doesn’t bounce 

Post: Dumping manure to get rid of deadbeat tenants

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

File eviction now ! ..but yes There’s plenty of creative things you can do to make their lives a living hell on earth that will legally go right under the radar . I won’t post those on here but you can certainly have some control in this scenario to prompt them to leave .

Post: Landlord/Tenant Water Damages

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

Tell her to buy her own mattress that’s what renter insurance is for ! It’s not your problem that she bought inadequate insurance . Do not give this woman a penny . The reality is her bed is probably just fine a little water spot won’t hurt just needs a day Or so to dry up . No sense in buying a new bed that’s for sure . Tell her to duke it out with her insurance company . 

Post: Tenant accusing me of stealing 500!?

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

Look Don’t put your real name down on these forums and type openly like this it could be used against you in court . Use a initial for your last name . 

As far as the nutcase accusing you of stealing I’d tell her “yes !” i did take your Money and I bought crack and hookers with it and I’ll keep doing it till you move out ! Find a way to get rid of this person she is going to be a problem I assure you 

Post: Great New Morning Routine

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

Wake up at 3:30 coffee then read messages emails and texts that cane in .. then bible verse of the day a quiet prayer time in my truck before I start work and then I’m ready to face the day

Post: What would you do in my shoes?

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409
Originally posted by @Eli Gilbert:

@Dennis M.

I meant what kind of area, ie what class area, not the names of the areas, unless that is also confidential........

At $15k it sounds like war zone area, is that accurate?

Thanks

Not at all ! You’d be surprised . It’s Probably what a lot of folks on here would call a c+ or b- area . Not dangerous or scary at all . 

Post: Promissory Note with 15% return

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

As long as your 1st lien position .. it’s secured by a mortgage and the property is actually worth what you lent I’d say your doing fine and better than most investors get . We only offer 10% to our investors and a percentage of the trust

Post: The ins and outs of analyzing a deal

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

1% rule is a quick and dirty indicator right off the bat to use to pre screen the property

Post: Why are my friends so against me investing in Real estate?!

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

Most people have already given up in life . They drag themselves out of bed and go to the same place they hate for 40 years only to be unsatisfied . The boss throws a few crumbs to keep them from quitting and a nice gold watch at the end of it all for being a good docile sheep . ..then They retire and die ..

for the rest of us we have a different spirit in us ! We would rather be the type of person who creates our own economy luck and income . My 2 cents is simply don’t take advise from scared or broke people . They have almost always have no clue what they are even talking about . These folks are not risk takers they are scared of their own shadow . Success is not part of their language they’ve already given up in life and took the vow of the average .

Post: does lease to own strategy make sense in NC

Dennis M.Posted
  • Rental Property Investor
  • Erie, pa
  • Posts 6,023
  • Votes 9,409

@Marc Winter

Agreed . The option and lease must be totally separate documents and make no mention of each other . You don’t want this to be considered a land contract in a court room setting .

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