All Forum Posts by: Scott R.

oh i know! i know i can get people interested in investing with me. But i also understand the mindset of their money so i feel like if i have a 2 deals to show for and my profit i can show experience and they will definatley want a return on their money with me. I just know they want to feel comfy with me and their money.

so basically just do as he did. file his notice and get his 3 day notice to him and after that 30 days the guy has to be gone or he can put all his stuff outside (basically a sleeping bag, some clothes and his tv. )

lol one problem jon, he was homeless. i dont know how horrible you could make it to get him to leave.

he was paying rent but stopped. My brother said he went ahead and filed the 30 day notice with the county and he is waiting to hear back. hopefully he can get rid of him soon. man i hate CA

My brother bought a house recently and he let his friend who was homeless move in because he got a job. The idiot quit the last 3 jobs in this economy! over stupid things! So no he still doesnt have a job and hasnt paid rent. Tere is no lease agreement. BUT WE LIVE IN CA! I cant seem to find it in the landlowrd tenant laws.

He lives in the house with the guy so i know you can discriminate ALOT more if you occupy the place yourself. But he's afraid that if he kicks him out that he can come back after him. Never heard of that if you live there yourself but can someone point me to a law that they know? He thinks he has to go to the sheriff and get a legal 30 day notice thing. go through the whole process to get rid of him. Thats what his "friend" told him who is a realtor. Anything anyone knows?

hmm. wont let me use it but i can see it. so im not sure what you type in and what calculates its self. well i sent another version to hom so maybe he can help with that. it has no rent stuff like his through.

ok so i added the hard money part of it to the loan calculator on the spread sheet. If i can perfect this better and better i think it could be something good for anyone rehabbing to use to calculate things very fast before an offer using a HML. I sent it to jon so he can see what else should be added.

havent checked my email yet but will do. yea the one that was on there was just some numbers i was screwin around with and saved it so i know what numbers go where. But i sent it to see if you think its decently accurate to what you would do if you typed in the value of a home and all the other areas.

wanted to know if i should add things like concessions, or make the buying closing costs 6% instead of 3 if im using hard money so the other 3% as points. things like this

hmm. well, 1 day. i lost my job, when i was learning how people invest in real estate.... and yea, i havent made anything :). its pretty hard. sooo basically if you dont want to end up homeless(on my way) KEEP your daytime job to start out. ofcourse it depends on your own market and what you invest in.

hey jon i sent you an email with an excel file i wanted to see if you can help with.

i just dont understand these investors around there then. they are getting deals at 65k then rehabbing them completley and selling fo 125k-135k. that would be the same numbers even after holding costs.

some of these people must be getting desperate because they are buyin homes that need ATLEAST 20k in work for like 80-100k and they are only worth 130k!! ofcourse i dont know how much they are making or if they go negative.

ok will do. are you talking LTV or ARV?

i was just thinking even arv 70% after repairs seems tough. thats like a home worth 153k with 20k in work means you have to get it at 87k for someone to give you a loan. then your done at 107K. with closings costs and cost of money that still leaves me 26k though. my thing is agents are starting to become a pain here. buyers agents dont know what they heck they are doing or dont understand the investor mindset then the listing agents just dont even bother with your offer when you try to put it in with them they just say its not gonna work.

guess all i can do is keep trying. just want to have some sort of financing before i just start putting in offers.