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All Forum Posts by: George Smith

George Smith has started 46 posts and replied 208 times.

Post: Where to park my investment money while saving for down payment?

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Thanks for the info. I do appreciate it. 

Post: Where to park my investment money while saving for down payment?

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Nelson Nash-becoming your own banker to see if it's a good fit for you or not. 

Post: Where to park my investment money while saving for down payment?

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Best part about it is that although you dont want to cheat yourself when it comes to paying yourself back with a little more interest than your charged, when life does happen...creditors wont be calling for payment. In the worst case scenario if you never paid it back(god forbid), it would just come out of the death benefit.

Post: Where to park my investment money while saving for down payment?

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Have you ever considered cash value whole life insurance? If you search this site, youll probably find it discussed. Many times people will try to compare it to other investments which is not a fair comparison. Its merely a banking tool which can partially replace your banking system. Theyve never not paid out dividends. You can take a loan against your cash(if structured properly). Although your paying interest, youre still earning interest on your cash which is pretty much a wash. But the positive is the volume of cash you can run through it earning interest tax free. On top of that, youre also picking up life insurance.  I would definitely look into to it. It might not be a great fit for everyone depending your needs but its basically a practice in "unconditioning" when it comes to managing money.

Good afternoon,

I've got a tenant who has an emotional support dog but my property doesn't have the fencing or a gate to keep the dog contained. If I'm liable for a dog that edgily runs down the street and bites someone, is The tenant responsible to install fencing and gate?

Post: Unpaid rent and lease ending

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

I love how they want their security deposit back to pay other bills when they owe for past rent. Hahaha

Post: 1st investment property in the books!

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Congrats!!

Post: what online rent payment do you recommend

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

Ive used Cozy for a few years now and have never had a problem.

Post: what's the best time to do eviction

George SmithPosted
  • Investor
  • Latham, NY
  • Posts 217
  • Votes 65

I'd offer advice but probably best you get a lawyer involved so you can learn the process of getting these people out.  

When first starting it's tempting to do everything yourself. At some point you end up focusing on what you're good at and let professionals take care of the rest.  It's just not worth the headache  

Although you can't assure you won't have eviction again, the first one should motivate you to develop a more focused and diligent screening system....provided you still do the screening yourself. 

All I can say is....great post. Haha.