All Forum Posts by: Account Closed

@Sabina Hasan from my understanding, the City will continue to go after you until it is foreclosed. In their records, you are the one suppose to be paying for tax property so you are responsible. A property is not like a credit card where you can just abandon and the collectors will eventually stop contacting you. 

I also don’t know if you what it means to go bankrupt... it’s not just your credit score that will get destroyed, your personal asset will be taken to compensate for the miss payments. That can include your furniture, primary residence, and paychecks. 

 If that is the case, it's probably her equipment. Either it needs to get updated or replaced. But you are not part of the Geek Squad so that shouldn't be your concern. You have provided internet and it works properly. If you still want to try to be nice, I would connect your own equipment that you know runs good and perform a speed test in the exact same area that her device is at. If it's faster or whatever, then tell her to have her device checked. If it's not, you tried your best and hopefully have the receipt for the extender to prove to court that you tried to go out of your way to provide something that is not in the lease agreement (should it get that far). 

 It could be, but highly unlikely if you installed an extender. Unless she has her device surrounded by cement or metal walls, there shouldn't be an issue. Her equipment can also be the issue. The best option if you don't want to increase the rent would be to have her do a hard wire straight from modem, but if it really was due to the fact that she is hogging bandwidth, your other tenant will start to complain because what ever is hard wired to the modem will take priority over anything else. Meaning he might even get disconnected from the internet because she is using all of it up. 

 Ok, most people are not familiar, but the "speed" is technically bandwidth. If your tenant is watching Netflix or YouTube in Ultra HD (which my fiance does only), it takes 25 Mbps. If you have two tenants watching YouTube and Netflix at the same time, that's 50 Mbps. That is not adding their cell phone connection, tablets, smart TV and all the other crap that have which can easily bust thru 100 Mbps. 

Just my fiance watching netflix and myself running my stock market programs at the same time are hitting about 60 mbps and I try not to connect my other devices to the Wi-Fi. 

She is probably complaining due to the fact that when bandwidth hits their max, they start slowing down the device that is sucking it all up, which will probably be her Netflix. I would honestly tell her if she wants faster speed, she would have to pay extra. 

 Gotcha, quick question; what is the speed of the internet you are providing them?

 Build yourself a team.

Realtor: screen thru them and find one that you like and experience with dealing with investors

Lender: start networking and get about 2-3 lenders that works for your financial situation (local lenders are more lenient)

General Contractor: deals normally require some type of repair or cosmetic renovation

 Shreveport/Bossier City. Majority of the foreclosed homes were due to baby boomer passing away and their kids won't pay for the mortgage. Kinda awesome for investors with a buy and hold strategy. Just put an offer in for a home that would normally be $250k fixed up for only $65k. It does need repairs, but turning it into an "A" class property would only cost no more than $100k. I'll be able to rent it out for a high price too since the neighbors are in the $300k and the back door neighbor is a multi million dollar property. That house has been in the market for a year which is normal for foreclosed home that did not sell in the auction here. Majority of the investors (only a handful of em), are busy right now trying to buy properties in the revitalization project that will start next year. 

I had my agent run CMA in the zip codes I would like to invest in and for the past 6 months, the sold price were about 15-20k below the final listing price (listing price were between $180k-200k) due to some of the properties are either paid in full and kids just selling off what they got from their parents or military members who are just trying to break even since they got orders and don't want to deal with renting it out or losing money.

 So I just need separate credit cards? I have a personal credit card that I don't touch anymore. I can just use that for personal and use the one that has the lowest interest rate and high limit for business. Or to take advantage of the business interest deduction, I would need a business credit card?

 Right now in Louisiana. But my family and friends (not me) owns real estate around the world. From what they are telling me California, parts of Arizona, and parts of Texas are starting to see a slow in the market also. 

 You have covered your end of the lease agreement. It does not specify how fast the speed has to be nor did it say you are providing Wi-Fi (Assuming). I don't know how it is in your market, but when landlords say they are covering internet, router or extender is not included. It just means they will pay for the bill not equipment (except modem). Also, if tenants want faster speed, they have to pay the difference.