All Forum Posts by: Richard M.

After a property goes through probate, is the tax assessed value more or less the same as before probate or is it reassessed at market value as it normally would be after an arms-length sale? 

thanks very much!

Thanks all. I was thinking property managers would also be a good source, particularly the ones trying to win new business. 

@Derek Carroll thank you in advance for offering to help. I'm looking for some more color on a few secondary and tertiary markets I'm considering. I'll private message you in a few days once I've sharpened my pencil and narrowed down my list. 

How are people getting access to CoStar without actually paying for a membership? I'm sure there are a ton of creative ways (networking and such). I'm curious to what strategies / techniques others have found. Thanks in advance

Congrats buddy! Great inspiration for all!

Why not just make it your policy to not rent to people who have negative feedback from their current / past landlords? If they violate their lease (breaking it without landlord written permission), you'd find out when you call references. People break leases all the time for legitimate reasons (as you mentioned), but they can work with their landlord to terminate or assign their lease with landlord's written permission. I recently got engaged and am doing this myself right now. 

BTW, as a general rule I would avoid getting too creative with what you put in your lease and how you pick tenants. In a lot of landlord friendly states, you may find yourself on the wrong side of fair housing laws. 

Never discriminate. Always have a lawyer review your documents. Protect your assets.

$3950 for 2BR/2BA 1,000 sq ft in 3 year old building in 11101

Sounds like poor dad thinking to me

@John Cohen Hey John - can you send me details? I'd love to attend. 

thanks and happy holidays and happy new year!

Read NOLO's guide on pre-nups and draft your own. then both of you should have separate lawyers review before executing. 

@Thomas Rutkowski @Derek M. Thank you for the great insight and clarification. 

If I'm understanding this correctly, if you fund the maximum up to the MEC then you shouldn't ever plan to pay excess interest rates ('to yourself', but in reality to the mutual company) because you would trigger the MEC limit? I get that the excess interest payment is simply additional Paid Up Premiums, but your point is that you could have paid that all upfront and have it work for you from day 1. Is that right? This is different from what Nelson Nash writes in Becoming your Own Banker. 

Would you mind sharing with me how you set up your plans? I'll private message you. 

@Tony Figurelli Thanks for pointing out the chapter in Robbin's book.

BTW, can people please stop posting about term insurance on this thread or about how WL is a bad investment? You're missing the point and creating a lot of confusion. No body using the infinite banking concept would ever buy life insurance simply for the death benefit. It's simply a bonus to creating what is essentially a personal monetary system.