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Popular Threads
My one word of caution as a personal injury attorney make sure you have liability coverage. Even if you are not at fault, someone getting injured on your property can be really expensive if you have a loss-only policy. I am defending a case for my partner right now on that exact situation. He's got bi liability coverage now especially on our jointly owned properties.
I'm thinking about a partnership, combining capital for a large, multi-unit complex and use a quality PM company.
I'd love to read this book!
I think it would be awesome to fix it up, keep the old small town feel, but give it a great upgrade.
This book could help me accomplish these goals!
The lesson I would give to everyone is that you have to have speed. Have everything ready to get a positive cash flow going as fast as possible before you buy (which means a lot of cash beyond what you take to close). Because if you let them sit they will sink you.
But when my parents moved away from Toronto they did not sell their house, thinking it would eb a good investment. Unfortunately our tenants trashed it, so 13 years latere we sold the house at a loss (when it should've been a gain by market parices).
I really enjoyed your review and would love to learn more about this stuff.
Thanks!
I almost decided to liquidate my savings a year ago to invest in real estate after listening to one seminar and getting hooked at the spreadsheets and how easy it looked. I'm glad I didn't because it involves a lot more work but something I'm interested in exploring.
So again, I would love to have this book.
thanks and good luck to all.