24 February 2018 | 20 replies
So it wasn't a big deal and Kevin has been in at least several other purchases in his lifetime where there were no issues in consideration of the multiple Attorney representations and the Escrow accounts... it all seems very safe until you get an Attorney that sees things in a vastly different light than what you believe is the situation.Any thoughts on if the Seller's Attorney having any grounds to keep the deposit despite the Seller not being able to deliver Marketable Title 9 months after the signing on the contract and it will be more in consideration that the Seller's Sister continues to delay the closing?
23 February 2018 | 0 replies
The information provided is vast and comprehensive on the west coast market.Sincerely, Christopher J.
28 February 2018 | 14 replies
The Internet it seems to me is a vastly underused asset for marketing campaigns among real estate investors.
6 March 2018 | 33 replies
LOL.. and those folks don't post on BP.. on BP its all blue sky rentals are the way to financial freedom quit your day job.. live the life you deserve etc etc.. well for some for sure.. for many NOPE.. they are like why did I do that.. and they exit no matter the loss.now this is more prevelant in the lower value asset markets.. not all markets are like this.But I look at when I started hard money lending in 01 for turn key and I started in Detroit.. the homes there appraised at that time for 120 to 140 each rented for what they rent for today 800 to 900 in those days the .05% rule was fine.. we loan 80k as a HML .. well those homes tanked as you probably know many went down to less than 10k in value.. thankfully the 200 plus I did there I got refinanced out of them all. but you know long term lender lost their lunch and so did most of the investors in those days.I am not prediciting another major meltdown.. but even break even is not a good position to be in with rental properties in my humble opinion the risk/reward and hassle factor just weights on you.. but I know I am in the VAST minority in my thinking.So my thought is you really need to get these things paid for and keep them forever.. but life happens and I would say 80% of people that have that thought process going in never make it past about 7 or 8 years.
25 February 2018 | 12 replies
In times of vast appreciation, I actually tend to constrict my numbers
14 December 2018 | 6 replies
I don’t have a vast expertise on the commercial side of things.
17 September 2019 | 17 replies
but the difference between living in a condo (a nice one) in mission bay vs say an SFH in glen park or Bernal are vastly different- one more neighborhood feeling, the other more urban.
6 April 2018 | 6 replies
The vast majority have little or no idea on the tax and other implications of investing and their standard answer is "invest and you will make great returns".
12 April 2018 | 4 replies
@Andrew Merewitz, you will have to register the LLC to do business in FL regardless so it usually makes sense to just set it up in FL or else you will be paying double annual fees.In terms of CPAs, it is vastly more important to ensure they understand your business than their actual location.
19 March 2018 | 25 replies
Either way, it may not result in an overall vast improvement to your cash flow or savings.