All Forum Posts by: Alex G.

It sounds like a good idea, provided that the conversion is legal. There is a YouTube guy ("Fruitful Investor") who makes a living converting SFH's into duplexes.

0 Votes

Houston, Texas

Originally posted by @Account Closed:

Also now the market is crazy so i can reveal a glitch I noticed. During the pre-auction phase, if I put down a bid and then a 2nd bid to outbid myself, they counted that as a "multiple offer" situation, took it offline and said "highest and best".. i just stuck with my 2nd bid and I would win. I thought I was some kind of uber hacker when i figured that out (purely by my own incompetence originally though) but it probably no longer works.. maybe it really was a legit multiple bid situation, but it always seemed to work for me.

Interesting. I am going to try bidding against my spouse.

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Originally posted by @Steven Haughey:

the morgage would be less than my current rent.

This does not necessarily mean that owning a property is cheaper than renting it because half of the rent goes to cover total operating costs (repairs, maintenance, taxes, insurance).

It ii cheaper only if (mortgage + 0.5 * rent) < rent or, in other word, mortgage < 0.5 * rent.

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I can't think of a good reason to have one's name on the title of a property owned by one's father. Consider quitclaming the properties to your father.

2 Votes

Originally posted by @Markus Ennis:

I’m going to show them the mobile home park and all the details I’ve gathered

That aside, what do you bring to the table?

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Assuming no pet urine smell, I would put LVP over hardwood.

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Pocket listings create an incentive for unscrupulous listing agents to underprice a property, get it under contract with one of their preferred buyers, collect a "finder's fee" and later run ads like "Sold in three days above asking price!".

3 Votes

Originally posted by @Cory Ostach:

Hello BP,

what should be my next play in regards to financing my next property.

Get a HELOC.

1 Vote

Originally posted by @Account Closed:

I reached out to recruiters, CEO's, Owners, ext... But they have or looking for someone that is more qualified.

No surprise here. Employers at this level are not interested in unskilled workers. Try Walmart, Home Depot, supermarkets, et.al.

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What's in it for you?

What's in it for your partners?

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All Forum Posts by: Alex G.

Alex G. has started 13 posts and replied 249 times.

Post: First rental whether to buy or not

Post: Should I use Auction.com to buy houses

Post: Newbie looking at first investment, thoughts?

Post: Unique situation to qualify for a mortgage loan need help

Post: Need opinion- offering 50/50 partnership for 25% of the cost

Post: Refinishing cat per catastrophe or starting over

Post: Pocket Listings to be banned by National Association of Realtors

Post: Newbie looking to buy 2nd Property

Post: Why can't I find a job?

Post: Partnering to start a REI LLC