All Forum Posts by: Tim Lindstrom

Why buy them?  send out $100,000 worth of Direct mail, and you could possibly generate $1M/year net too.

I don't see how you can place a value on a company with no product, or customer base.

Thank you!! @Chris Eaker.  

That gave me the address and registered agent for the LLC. It is different than the address that the tax bill goes to, but at least I have a name and address to send to.

I'm going to send a letter to both the addresses.

I found 2 duplexes in my farm area that look neglected. The tax accessors site shows they are both owned by the same LLC. I want to send a yellow letter to the owner.

How do you guys mail to LLCs? do you try to find the "real" person(s) behind the LLC, or just address it to the LLC and hope it gets to the right person?

How do you find out who owns an LLC?

What do they mean it is operating properly?

What is the temperature differential between the cold air return, and the vents?

did they measure airflow in all the rooms?  

If temperature differential is greater than 14 degrees, and you have proper airflow,  you might have an issue with your insulation, or air leakage around windows and doors.

I agree with @David Faulkner.  I would refinance the two rental properties into 30 year fixed loans. 

You could probably take some additional money out, and still have much lower mortgages than you currently have.  This would convert them into cash flowing properties.  

I'm not sure how much properties cost in your area,  but you might be able to get enough extra cash out, to add to your existing funds, to buy another property free and clear.  Then do a cash out refi of that property in 6 months, and repeat.

Often people who cannot afford their taxes, also cannot afford to maintain their properties.  It can cost more money to get a property retail ready than the owner has.  An investor helps them out of this situation by taking on the repairs, in exchange for a discount on the property.

When I have more than a few properties I want to view, I use RouteXL.  It has a chrome version and an android version.  I usually import all the addresses into the app on my computer, and let it pick the optimal route.  Then I write the numbered order on a printed list of the addresses.  

It might choke on 1300 addresses though.

@Kevin Gilliard.

Seasoning is a period you have to wait before you can refinance a property (usually 6 months).

No seasoning period means he was able to refi right away.

It all depends on your risk tolerance.  Some people spend every last cent on their investment property, and make payments with credit cards until things start to cash flow.  That's too risky for me.  

I like to have enough to cover 6 months worth of expenses, plus 5K for unexpected surprises.

I had a problem with Raccoons once.  I tried repellent sprays that they sell online, Fox Urine (yes you can buy it), and ammonia.  Nothing worked.  I finally broke down and contacted a pest control company.  they trapped and removed the raccoons.  Once they find a food source,  repellents don't work.