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Old 06-02-2018 | 01:28 PM
  #191  
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Originally Posted by badflaps
Before the tax law changes, group real estate investment schemes were a dime a dozen, I wish I had that money back.
One of several reasons being a direct investor vs syndication is a better choice. Or maybe I'm just a type A with control issues...
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Old 06-02-2018 | 03:53 PM
  #192  
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Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
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Old 06-02-2018 | 04:21 PM
  #193  
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Originally Posted by Milk Man
Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
Through the property management company.
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Old 06-02-2018 | 05:03 PM
  #194  
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Originally Posted by Milk Man
Anyone have rental property that is in another state, in which the tenants dont have same bank? How do you receive money the cheapest and safest?
Several options.
-by mail (Due on the 1st, not mailed on the 1st. Encourage them to mail early and post date if they feel it is necessary or set it up automatically if their bank offers online bill pay)
-ACH through your bank (ask them how)
-online payments by ACH (not CC)

https://www.biggerpockets.com/forums...ollection-tool
https://www.biggerpockets.com/rei/pa...payment-tools/
https://www.landlordology.com/collecting-rent-on-time/
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Old 06-02-2018 | 05:13 PM
  #195  
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Originally Posted by Gunfighter
Several options.
-by mail (Due on the 1st, not mailed on the 1st. Encourage them to mail early and post date if they feel it is necessary or set it up automatically if their bank offers online bill pay)
-ACH through your bank (ask them how)
-online payments by ACH (not CC)

https://www.biggerpockets.com/forums...ollection-tool
https://www.biggerpockets.com/rei/pa...payment-tools/
https://www.landlordology.com/collecting-rent-on-time/
Excellent! Thanks for that
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Old 12-02-2020 | 11:11 AM
  #196  
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I miss this thread...
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Old 12-02-2020 | 12:32 PM
  #197  
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Originally Posted by 123494
I miss this thread...
Me too, but the topic is alive and well. The WB flying schedule has been a side hustle dream this year, except for a MD penalty lap through ATL. I've taken advantage of the time off and rehabbed a 3/2/2 rental house just for fun with my wife and daughter. There are lots of investors shopping right now, so there isn't as much meat on the bone as there was in years past.

Income producing real estate is still the king of the hill in my book. I'm on hold with Fidelity right now, so I can get the penalty free 100k COVID withdrawal. That money is being put to work in a couple passive multi family investments.

As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy.
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Old 12-02-2020 | 12:50 PM
  #198  
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Originally Posted by Gunfighter

As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy.
Think it through carefully. Think of turning on your phone after you land, and having it explode. Several times a day.

Could be a blessing, or not.

I enjoy reading about your investing. Lot of food for thought, thanks for sharing what you've learned
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Old 12-02-2020 | 04:05 PM
  #199  
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Originally Posted by Gunfighter
Me too, but the topic is alive and well. The WB flying schedule has been a side hustle dream this year, except for a MD penalty lap through ATL. I've taken advantage of the time off and rehabbed a 3/2/2 rental house just for fun with my wife and daughter. There are lots of investors shopping right now, so there isn't as much meat on the bone as there was in years past.

Income producing real estate is still the king of the hill in my book. I'm on hold with Fidelity right now, so I can get the penalty free 100k COVID withdrawal. That money is being put to work in a couple passive multi family investments.

As a side note, spending most of my time in one time zone vs regular ocean crossings has me rethinking some domestic options once the international fleets start getting busy.
With all the appreciation of homes and increase in real estate investors, are you still finding some properties that are worth your time?
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Old 12-02-2020 | 07:49 PM
  #200  
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Originally Posted by Sputnik
Think it through carefully. Think of turning on your phone after you land, and having it explode. Several times a day.

Could be a blessing, or not.

I enjoy reading about your investing. Lot of food for thought, thanks for sharing what you've learned
Ignoring my cell phone is my superpower. I can let a call go to voicemail without even checking caller ID on X days.
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