All Forum Posts by: Dan Brouillette

I agree with all the comments on this thread.  I own over 100 SFHs.  I've collected over 90% of all possible income the past three years, and my occupancy rate is just under 4 years.  Every time I get pulled back into multi units, I end up losing.  Some people run them well, I guess I'm just not one of them.  

My wife and I own 120 sfh. Would like to sell it all.

I would also say The Millionaire Real Estate Investor by Keller. It is a study of many real life investors. I've read almost every book I can get my hands on, and that, to me, is my favorite!

I have a feeling that my local community bank is getting pretty low on funds.

My net worth is down, but still respectable. I'm in my 5th year of investing, and my financials are good.

I heard that by creating my D & B profile, it would secure new funding for my business. It looks to me that a lot of this report is built for terms with potential suppliers.

Is creating the profile worth it for guys like me?
Would this type of funding be like a commercial line, or unsecured?

Any info on how this may work would be great.

I have my tenants use kroll intl for disputing and monitoring, and pre paid legal for more advanced disputing. It works great, and it teaches the tenant how to handle their own issues.

People are motivated by different emotions. I heard that Michael Vick sold his place to a cash buyer for a $400k loss. He was highly motivated not to be associated with that property.

As for your situation, I suggest that you do your due dilligence. Hire an inspector, get some comparables from realtors, and most importantly, have an exit strategy for the property.

If the circumstance driving the seller to sell below market is personal, you have a great deal. If not, the small cost of your due dilligence will save you thousands.

Sincerely,
I guy who has lost and made thousands on similar deals.

Notre Dame, Indiana

Dan

Personally I believe Rocky IV was, and will forever be the best.

If you missed it, here's a recap.

Don't kill any of Rocky's friends. If you do, he will listen to Survivor non stop, go to your communist county, train like a lumberjack, turn your nation against you, and destroy your manhood.

Steriods won't save you. Neither will Bridgette Neilson.

I can't wait to have a boy, and make him watch this movie with me every Saturday morning for the rest of his life.

Thanks,
Dan

Unless you bought for appreciation, I would sell it immediately. Your first loss is your best loss. I don't mean to stick my nose in here, but you are the one losing money every month. That's not going to change.

Does anyone have any success stories from multi-state investing? I'm seeing some things in the news that are making me consider some different markets, but wanted to get some feedback first.