All Forum Posts by: Jason Barnett

The reason I didn't answer this question the first time around is because this question has already been asked (and answered) a couple of times before. Short answer: you don't need the LLC to do your first deal; get one under your belt and then worry about business structure later. Long answer: check out the search tool for the forums.

Wow I have my own cheerleader. I wonder what my wife will say? :lol:

There is really a lot of great information on this website. I would suggest you check out the "Landlording forum" and read up on some of the stories there.

Educated guess: most likely this is because you have very little invested in the property. If you want to send me a private message with the details of your property then I can give you a better answer.

Hello Mitchell and welcome to the site. If you need help analyzing deals then I suggest you read this thread for a mini-tutorial. Do you know what the cap rates are in your area? It's possible that all of the deals you're finding are dogs... or maybe some of them are actually average deals for the area. Some areas just aren't good rental areas... maybe you could try looking in lower-middle class areas and/or multi unit properties instead.

If the OP (or anyone, really) is convinced that the "bubble" is going to burst for their market, then getting a loan for that property is about the WORST thing you could possibly do. Imagine: you refinance a home based on an "inflated" appraisal to pull out some cash. Then 1 year later the market drops, you try to sell your home and find out you have to BRING cash to the table!

Again I will say: if you really believe that a market has topped out and you want to sell, then sell. Personally I would just try to sell it outright, but you could owner finance / lease option if you have a tough time.

Hello and welcome to the group. It will be good to get some more realtors posting on this message board to add more perspective to our discussions.

efax looks promising. I tried to select an area code for a fax line, but I don't see my area code listed though I guess it's not a huge deal, I can always pretend that I live in a different area code. Perhaps I should pretend I live in Beverly Hills :lol:

EDIT: Apparently with the free service you get a fax number, albeit it is not in any area code of your choice. Would someone like to test it? The fax number is (201) 596-1491. Let's see how much spam I get! :lol:

Good tips Jeff. I am usually good about keeping things backed up properly. If I can get faxes to come in to my email inbox then my faxes get backed up whenever I save my email messages (I keep them on the mail server as well as my client program).

VOIP might be a good way to go with this. So how does it work with your all-in-one machine? Do you have to know that someone is trying to send a fax? Is it a problem if you have voicemail?

I think perhaps there is some confusion here. 401k is a private (tax-advantaged) savings plan for individuals. Social Security is the government sponsored program that every person pays into while they work. Do you really mean there's a way for illegals to grab at your 401k? If so, then how?

Surely someone else has done this...

I don't have / want an actual fax machine... I want everything to be in an electronic format. Ideally I would be able to send Word files, or PDF files, and faxes that get sent to me would go to my email address. So far the best thing that I have found is this:

http://www.k7.net/faq.htm

This isn't my ideal service, but it might work. So what is everyone else doing?