All Forum Posts by: Joe Cummings

I self insured for a couple of years, and didn't even know it.

I trusted my ex with the bills. I got canceled for non-payment. She got the mail every day,so she shlt canned the notices. I only found out after we got divorced.

Then I went through a lot of BS to get it re-written. Every insurer was asking who my current insurer was. When I told them I didn't have current insurance, they immediately rejected me. Maybe I was trying all the wrong places?

The lesson in this is, NEVER trust anybody.

Polarity on an AC circuit? Burned out what?

I don't think your getting the truth.

Seriously, I see this tenants future as living in mom's basement, or a recovery house, and working under the table. If they start to get their life together they'll probably declare bankruptcy.

Believe me, if I thought they had any ability to pay, I'd sue, but hearing about no electric, and seeing that mess, I think they are more concerned with getting high TONIGHT, than paying anyone.

 I'm not wasting my time and money if it looks like all I'll get is a judgement against someone who is judgement proof. Basically most of these kinds of tenants could care less that they are getting sued. You'll probably get a default judgement. 

There is a reason collection agencies buy these judgments for pennies on the dollar.

@Steve Babiak,

I'm not saying it can't happen, but looking at those photos I'm thinking those people are going to be judgement proof for years, if not for the rest of their lives.

I guess I'd need more information before I decided if it was worth pursuing. 

@Bob B.,

Wage garnishing only works on people who have jobs they want to keep. And you can forget it if they work in a restaurant, bar, or any of those other kind of cash jobs. Looking at that house, I really don't see them as the type with stable employment.

$40,570.27 In today's money.

Seriously, how many people in the guru's target market have 40k in cash laying around? I think Bill Nickerson was writing for a different demographic.

What is the point of suing people with no money?

This is real life, not Judge Judy

Buy a lot with a run down used trailer and rent it to some "party girl" type.

Go over there all the time to fix stuff.

When you get a late night emergency call, stay there until the wee hours of the morning snaking her pipes.

When your wife complains, tell her that you need more money to buy better properties.

That, is using leverage.

 I've put weeks of 12 hour days of due diligence into commercial, only to find out that what looked good at first is a total loser. So many angles to think of. Reading until my eyes blur. waiting on phone calls and going to meetings. 

Traffic counts, fire sprinklers, parking areas, zoning, storm water, handicapped accessibility, traffic patterns, future development in the area, politics. It goes on and on

I haven't been to Cleveland for about 25 years. What is all this stuff I'm hearing about Cleveland being a hot market? Is it all hype?