All Forum Posts by: Jeff Smith

There's absolutely no market in Littlefield. I would stay away, far away.

Hello, I'm looking for a private lender who lends on a short or long term for a 15% ROI on a $40k investment on a note purchase. Note is seasoned over 5 years and payments are current and on time. $89k pp, $86k note, $65k balance, 10 years left on the note. Connect with me and feel free to call me to discuss it further. I'm local to property and use Peak to service.

Hello, 

Im looking to raise $40k for a 15% ROI in 12 to 15 months. Secured by property of course.

Please connect with me to discuss the details.

Doesnt sound that great of a deal. Call me if you want to go into details.

@Anthony Hi and welcome to bigger pockets. Have your family come out to our Lubbock REIA meeting. It's tonight. Check out our website for more info. Lubbockreia.com

This evening at 6pm Lubbock REIA will host Quest IRA as they help Educate us on How to Invest using a Self Directed IRA to Fund your Real Estate Deals and How you can use it to Fund other Investors Deals as a Private Money Lender. Our Sponsor this month is Service Title Co. from Lubbock. Please visit these companies to see what they can do to make your real estate career more successful.

Quest IRA is www.questira.com and Service Title Co. is at www.servicetitleco.com 

And of course our website is www.lubbockreia.com

Hope to see you there. Visit our website for more info and register to grab your free ticket!

@Account Closed, I've lost your number so give me a call during the day sometime this week. I'm planning a class to teach wholesaling thru the Lubbock REIA. be sure you get signed up for this.

We will definitely explain how to get comps. Like @Jonathan Towell was saying comps can change from street to street. 

Talk soon

go see Quata at Ector County Title. 

http://www.ecatitle.com/index-2.html

Devonne, I lost your number. 

Text me and we can meet up again. 

I'm a investor here in Lubbock. If this was my problem I would consider what my fastest and cheapest way to get cash back into my pocket would be. I don't see hiring a attorney being in the win column. I don't see spending money on new flooring and a new fence being in the win column either. If this were mine and I like the cash flow but don't have a firm grasp on property management I would pay a house cleaning service a $100 bucks or so to clean it from top to bottom, get a handyman to fix any small minor repairs $500 at most typically, and then I would sell the house as is for full market value (10% over market value if you decide to fix all damages and repaint). How do you sell? Owner finance it to your tenant buyer with 10% down 10% interest for 10 years to 30 years depending on what the tenant buyer can afford to pay monthly. I'd make sure that the payment is at least what market rents are or slightly higher. So now you have 4 to 5 digits cash in your pocket that's your money not a deposit that you have to hold. You have the same or better in monthly cash flow. And your not responsible for any repairs at all. They are home buyers and pay for taxes and insurance which can be escrowed in with the payment. I could keep going but you get the idea. If you want to visit in more detail my email is on my profile.