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All Forum Posts by: Billy Hills

Billy Hills has started 13 posts and replied 84 times.

Post: Knob and Tube

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Joseph,

I am not sure what state you are in. But I do know I had trouble getting a mortgage on a house some where in west Virginia , because of that k/t wiring.

Post: Need Advice - Pay rent for entire MF & Sublease?

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Really sounds like a property manger with a benefit twist. I will keep an eye out I would like to see how this works.

Post: sharing the tax burden with investors - new to flips

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Sounds like your co-work is attempting to be a hard money lender. I can see were they would benefit from it. How ever, If this were to happen I am sure a contract would be written up. I am assuming the contract would say The final payout would be spilt 55/45 or maybe 60/40 pretax amount. Or The ladder of 50/50 on the post tax amount.

In my opinion only, profit comes after all expense's.

Post: What are you reading, right now?

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Just ordered Buy and hold. I hope it is worth the hype!

Post: 1st Wholesale Deal - NEED Answer ASAP

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Glad it worked out.

Post: 1st Wholesale Deal - NEED Answer ASAP

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

@ROY K. WHat was the end result. What did you finally decied on?

Post: 1st Wholesale Deal - NEED Answer ASAP

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

Sounds like your not comfterble with your own deal. Just take the % agreed upon. Let the seller make a couple more dollars. And now every one walks way happy. U may loose a little bit now, how ever you will gain to happy referrals. Which will be happy to bring you more business later.

Let the seller know some paper work wasn't exactly Clare and it turns out they will be making more than every one thought. The buyer already knows what their paying. So weather it be the seller or to the middle man. They going to pay.

chuck it up as a learning experience. And stay with in the law. Making more money is always good, but an extra couple bucks now. or a extra repeated couple thousand later. Jmho opinion.

Post: Unique Renter. Would you Rent to Her?

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

what kind of phone/plan is she one. This really tells something about someone...Pay as you go or contract.

Post: hard money lender

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

I think there is a edit button. but not sure where it is. I did figure out how to vote.

Post: hard money lender

Billy HillsPosted
  • martinsvile, virginia
  • Posts 90
  • Votes 16

I see, thank you Andy. If I could vote I would on this reply, very easy and to the point.