All Forum Posts by: Andre' Arceneaux

@Joe Alford Landlord wants the home free as he's giving it to his daughter who's now in law school, Ladera Heights is undergoing serious gentrification. A 102 year old woman!??! No money is worth that. I'd do whatever I could to keep her comfortable, these errors can visit me in my old age when I may be vulnerable and I would not want that seed planted. Just because it's yours, does not mean morality goes out of the window. Some property owners are actually nice people, like the man who owned the property Rosa Parks lived in. All money ain't good money. Greed is a blinder

& no I would not. Those winds blow back in least expected ways. Don't open those doors of greed.

@Jaysen Medhurst total mess. Which is why theyre going heavy on these new "friendly" PR ads "The New Wells Fargo" 😐 .. yeah right.

@Tony Karns See what his number is. Try to get a best guess of what the current appraisal would be and the ARV .. without these, you may be throwing darts in the dark. Get a number (amortization) that works which will keep you with the ability to renovate successfully, while also providing a payment that will be assured passive income in his mailbox every month.

If he plans on retiring in 20. Offer a 20 year amortization, even a balloon if you know what would be a comfortable timeframe to pull your investment back out and pay him .. stay worst case in your own mind as far as time, since he's open.

The years can be adjusted if he is uncomfortable with any initial proposal. Key is to give him what HE wants and what you WANT. Win. Win.

When you make an offer, don't provide one for a yes or no answer, provide multiple scenarios as people in that scenario may choose instead of saying yes or no, gives a better opprtunity for a proposal to be accepted.

@Eric Carr 🎯🎯🎯 & rolling out QUICKLY

I've been paying attention to turn keys for about 4 years now, talking with Roofstock and their prople during my learning period, and even encountered Morris Invest. 

I never desired to talk because of the backdoor nature of the situation. Unlike Roofstock, or Spartan Invest, you had no idea what you were buying. They didn't advertise properties, he had the "they move so fast" line as bait to conceal the fact one may have bee  paying for complete junk. 

Now did I know that this is what he was doing? Nah. Yet, I am not the buy COMPLETELY blind type (although out of state investing does have blindspots to it that can be accounted for with trustworthy people and knowing the area and what you're purchasing, yet not completely blindfolded). 

 I see. Gotcha. 

@Russell Brazil well .. not necessarily. This amounts to fraud. Nothing to do with the type of investments they undertook. Plenty if turnkey providers that are doing well from Cleveland to Memphis to Indy to Birmingham and points in between that manage similar traded turnkeys with the typical tenant landlord issues, but nothing close to this, which is F-R-A-U-D.

@Brian Ellis congratulations. Same. Twins due in August. Cheers.

@Alex Jones financial freedom. Financial freedom is akin to controlling your time, and time is the foundation of all things money. If I control my financial future, I control my time, not allowing it to be delegated to someone else lording it over me. Resulting, I'll have the ability to be my children's primary teacher, and spend loads of quality time with my wife.

@Nathan G. Bought it on Amazon. Excellent read. About halfway through it.