All Forum Posts by: Robert Biggerstaff

Don’t bet everything on the farm. Keep some cash in reserves. Ask all of your tax questions with tax professionals

 The units that you have right now that are rented will they pay the monthly bills? If they will pay the bills then I would leave that money alone to keep the park going. I would start seeking additional funds elsewhere to raise capital to do rehabs. If the park is self-supporting without you doing rehabs then I would slow down On any expenses going out.I would make a list of the rehabs that need the least amount of money spent on them to make them to where they cash flow and come up with a figure sort of like well $5000 will get unit 21 to where we can rent it out. And I would start coming up with a plan with goals and be very specific with the timeline also

The one that will actually give you the mortgage

Learn to treat it as a business and you won’t be asking this question

Next time they’re late go with the evection and do not give them a writ to cure just follow it out

 I just go ahead and give them the notice that I’m taking my property back and I give them a specific day that they need to be out. I also state that the law says that or if they’re not out at that time then I must follow the evection process. I also state that there is nothing more than I would like to get their full deposit back as long as it is in the same shape as they perceived it that will occur

The great thing about harsh truth and comments they always make you think. No matter how much we massage the numbers they do not lie

If you got somebody that will sign a contract right now  with an  earnest money deposit down if you don’t take it right now when you’re broke you only have one person to thank for that

I don’t think your information is correct. If I’m looking at a rental property to purchase and it already has tenants in it to me that’s more valuable than a vacant property

Do not ever let them move any property in until you have all the money in your hand