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All Forum Posts by: Dani Beit-Or

Dani Beit-Or has started 46 posts and replied 236 times.

Post: Feeling Like an Island

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

I think I know exactly what you mean.

And sometimes certain groups (meetups) are just hard to find ones that meet your level of experience, or some it comes dressed in a super expensive program. 

Whats I found to be working are three things

- Start by writing your questions, dilemmas, etc.  -Writing tends to trigger your mind to process the problems + when you  do get to speak to another person you have your items listed and ready and handy. 

- Find that friend who are in similar stage and offer to meet/speak once a month or so (not easy to find). Many times just explaining the difficulty to another creates some clarity. 

- Get and advisor for an hour or a few. It will be worthwhile, productive and beneficial. It will also help assure you of things are doing correctly but may be having some doubts. + it may be helpful when you speak to wife and tell her about your decision and that you have run your ideas by another person for a feedback. I found this one to be the easiest one to get unstuck.  

Post: What's your experience with management companies and how did you scale with them?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

IMO this is not a simple yes/no question.

Here are some questions you should be asking yourself to help you determine whether you should use a PM or not:

- Are you and the property close (are investing locally or remotely)?

- How good/skilled/comfortable are you w/ handling tenants, issues, communication, responsiveness, etc. 

- How available are you? Super busy and not very available to handle things when they come up or the opposite.

-Is the the type of property and the type of tenants you are dealing with demanding? ie older property w/ potentially more issues and "needy" type of tenants? 

These Qs should lead you towards making a better decision.

I'll add that:

- If you think using a PM is hands-free than you are mistaken, but can you find a PM that will handle 90% of the “noise” and you will still need to be ~10% involved - that's doable 

- You can always start one way and change. 

Post: LLC Creation For Rental Properties

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

How many mortgages do you have? Are you close to 10?

Are you married and does your spouse work and can get mortgages too?

From my ~20 years of experience—here are few things you can consider:

- There are options to mortgage more than 10 properties, it will mean getting a bit creative. 

- Consider buying 4-plexes, it's almost like buying 4 houses in one transaction and in one mortgage. 

- If you have close to 10 already (or when you have ) you could be able to bundle all or some under an blanket mortgage and releasing the # of mortgages you have.  

Post: Newbie stuck... Need help....

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

It sounds like your fears and concerns are indirectly related to real estate and more related to being an entrepreneur at the starting phase. 

I'd seek up a mentor w/o a program, is some you can hire for X hours you can use/leverage to help you overcome your challenges and help you benefit from the mentor's confidence.  

Once you get the ball rolling, you may no longer need a mentor. 

Just want to add that online and youtube I found tons of info on repairing/fixing dog nails scratches but nothing about prevention 

Hi, 

I'm renting my renovated house that has new laminated floors.

Does anyone have experience or idea of how to protect the floor from dog nail's scratches? 

While "demanding" the tenant to trim the nails is an option but hard to enforce + holding a higher security or pet deposit is also an option - I would love to try and find a coating or some other option that actually protects the floors, even if it is not guaranteed but would possibly improve the floor chances of surviving longer.

Any suggestions? 

Post: Refinance while a lien existed - is it possible?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

@Matt Devincenzo that's an excellent idea. I have brought that exact idea/solution w 3 titles and they all said it won't work (for them).

Post: Refinance while a lien existed - is it possible?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

@Bruce Woodruff lien is 3x the disputed amount. it is an "extortion" method on work that was not completed + w.o a permit + now un-permit turned into a violation w the city  . . . . so even he gets paid the owner still needs to go and correct the items that he paid for. And the amount is not nickel and dime at all. 

Post: Refinance while a lien existed - is it possible?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

@Bruce Woodruff if things were so black and white. Ty for the response 

Post: Refinance while a lien existed - is it possible?

Dani Beit-OrPosted
  • Investor
  • Irvine, CA
  • Posts 250
  • Votes 172

@Matt Devincenzo I did ask that 3 titles - no was willing to do it