All Forum Posts by: Steve B.

Plenty of 2% rule houses in the Midwest and southeast however getting that in the non-war zone, owner occupied section of market is the hard part. People of normal means don't rent 2% houses for obvious reasons

If anyone calls you an idiot for paying down debt vs. newbie investing I would question whom the idiot is.

Dawn do you have the same ability to assess issues and offer remedies as a professionally licensed home inspector?

You don't need an asset protection plan as you apparently have no equity to strip or move. You don't even know how much, if any, equity you have in your two houses. Your first homework assignment is to find that out.

This could be a better than average deal in an appreciating area and worse than average in a depreciating area. The cash flow alone doesn't justify the purchase in this house without knowing the demographics

Everything your friend, the investor/contractor, said is correct. But yes, you may be successful with low end flips. But generally it isn't the best price point so your margins tend to be crappy

Mark, your question is overly broad and no one is going to provide you with any great specific info based on your convoluted question.  I can say it looks like you have some very bad ideas thus far on what you are thinking of doing. 

 As Jordan said, your best course is to find a competent RE CPA and pay for some qualified advice relative to your specific situation.

Originally posted by @Franklin Romine:

Section 8 tenants have been my been best tenants.  That is my personal experience.

Frank

 in that case I cant imagine what your worst tenants must look like

You are probably referring to some type of violation of copyright law as I don't think the term plagiarism is used outside of academics.   In any case it wouldn't be actionable against your tenants if you did the copy and pasting.

As an academic type legal issue, copy and pasting of private documents from the web could get you in legal trouble.  As a realistic matter do you think anybody with standing is going  to see your lease and recognize the portions you recycled and bring action against you for damages?

In all fairness most national banks are being sued or fined by the government, it's called a shakedown.