mic84t wrote:

kylermrice wrote:
Curious is to what area code your house is in, hope its not 64130. 

NO, it is 64050. Independence. just a few blocks from harry trumans house.

If it matters just wanted to validate that area. If you are anywhere near the Truman House, your in good shape. Very nice area and can bring some really nice rents..

John

I am glad to hear that some of these companies/individual’s will be brought to justice. I can only hope that enough people will come forward to make the verdict that much easier.

I unfortunately have a client that was misled by an organization and it is a clear case of fraud. I have done everything but pay him, to report it to the FBI and try and…[Read more]

My 2c. I have never heard of this outfit either, but I’m sure with some DD, it will be easy to find out about them.

I am always concerned with those companies that charge an upfront fee. This almost always means they are “brokering deals” and can never be 100% positive the properties are still available. Many of the “large” turn-key companies…[Read more]

jayhinrichs wrote:
John,You can go on line and buy cruise certificates for next to nothing. I bought 20 5 day cruises out of New Oreleans for something like 2500 bucks. The person you give the cruise cert. just pays tax's, but its a nice fancy folder with big picture of the ship, and let me tell you your demographic loves those booze cruises out…[Read more]

jayhinrichs wrote:
Buy the IRS lien and foreclose this seller out.  And or buy the mortgage make a deal with IRS at same time and foreclose the seller out.best way to handle jerky sellersJLH

JLH,

It’s something we have considered, but in talking with our attorney’s, they advised against it. The seller could immediately file for bankruptcy…[Read more]

************UPDATE**********************

So the initial mailing of 114 letters went out to the tenants on the 2nd of January.

To date:

18 New Leases to officially enroll in the Rental Rewards Program, very happy with this many results this early. 8 of these leases were ready to expire within the next 90 days, so I’m very happy with that.

I am…[Read more]

engelo,

I appreciate the feedback. I think that’s a great idea, keeps them focused on the prize. I will come up with something and run it by the owners and see how they feel.

Thanks Again!

John

jayhinrichs wrote:
Sewer is one of the biggest problems we encounter in older homes with tree lined streets and yards.And since every home in our program I own,  Its the first thing I do. If there is not a PVC riser indicating new to newer sewer line. I put in a new sewer line from the st. to the house as well as repipe the whole house in pex.…[Read more]

Alex SC wrote:

GreaterKCHomes wrote:

CheevesFinancial wrote:
I had to stop reading once you said you can get a central 2 ton AC system for $600 – $800.  I do my own rehab work thru my general contractors license.  I have a straight source with AC vendors as all contractors do.  I have never heard of a central AC system (2 tons no…[Read more]

CheevesFinancial wrote:
I had to stop reading once you said you can get a central 2 ton AC system for $600 – $800.  I do my own rehab work thru my general contractors license.  I have a straight source with AC vendors as all contractors do.  I have never heard of a central AC system (2 tons nonetheless) for $800… Goodman, RHEEM, which many be…[Read more]

emma171 wrote:
Have to step in a bit here….. I completely concur with making sure you know your bottom line costs … but you also have to be VERY wary on where/what you are buying…..and as John says, please adjust for your market ie:

A house under 5 years old in Atlanta is likely to still be under builders warranty for systems, it will be…[Read more]

lawsjs wrote:
John – thanks for the insight. I have issues with the Taliban on several fronts, not the least of which is that. No-one will ever understand how frustrating that simple thing has been for me – and seriously expensive.

Alex, not insulting the US per se, just the people that work in ridiculous systems day after day and know they are…[Read more]

Alex SC wrote:

GreaterKCHomes wrote:
I get a call from one of my tenants at 3:17am on Christmas morning, so of course I'm thinking the absolute worst here. She tells me that someone tried to break in by kicking the front door in. So of course I ask her if everyone is alright, and her response was "We are fine, he's not". She tells me that…[Read more]

jbrogz wrote:
So it seems Santa doesnt come through the chimney anymore. Haha

Apparently not!

jayhinrichs wrote:
been there done that many times with uncleWhy is your closing agent just telling you about this so far down the track… Did the lien just pop up or has it been there a while.One thing I like about title insurance and closings on the West Coast the title plants are all digital and you have instant access to normal title…[Read more]

I would like to add my 2c on this as well.

I have considerably more admiration for those that have gotten “dirty”. There is no replacement for the knowledge you gain by doing it the real way. I have only listened to one “guru” and that was Carlton Sheets, selling his No Money Down programs. I will admit, I never bought the tapes, I actually found…[Read more]

worldinvestor wrote:

DHCP wrote:
That is a good point, WI.It is common in Atlanta for the CAC to be stolen. The property that I'm about to settle, its CAC was also stolen.I'm interested to hear the post of others about this also.

When you consider that each unit will cost you around $2600 and I believe somewhere Jay posted that within a 5…[Read more]

ads23syd wrote:
I'm on a disability support  pension for a case of epilepsy I've had since birth and currently living in community housing, I have never had any loans in the past and dont have credit cards. I dont drive and am single with no children at 30yrs old. Am I delusional to think I may get a loan to get my own home?Cheers

If your in t…[Read more]

thecrest wrote:
Hi John.
That’s a very clever strategy.
It converts personal living expenses the tenant can’t claim on tax,
into expenses the landlord can claim.

Can someone familiar with Australian Tax Laws tell us if
there are any FBT implications in supplying “free” utilities to a tenant ?

What else can the landlord supply for the same…[Read more]

The Update is In!!!!

As promised I will update all of you on the test property of paying all utilities…

I will say that this even surprised me, and it is now official! We will be paying all utilities for those owners who have authorized us to make the change. To date, we are in the process of converting 22 of our properties to all utilities…[Read more]