All Forum Posts by: Morris Lucas

Hi Mark, send me a PM, i am new to the area, but have met a couple folks who may be able to evaluate repairs, comps, etc as well as do HML to help you along.

Please PM me, i'd like to hear more about your services and prices, thanks!

Please PM me with location/prices, thanks!

Can u send me some information on the one in Bowie, please?

[email protected]

Anyone looking for land/vacant lots the in Dekalb county, Atlanta market?

1750 Boyce dr,  Atlanta, Ga, 30316, Bouldercrest area, 2 lots in Cherry Valley subdivision.

If so, please PM me with whatever offer you have, we have a seller who wants to desperately get it sold.

I agree, Matt. Doesn't seem that Wholesaling would give you enough income to get to that buy and hold income level AND keeps the lights on.(maybe im wrong)...if it does you have to absolutely KILL it to bring it that kind of volume each month.

At the end of the day, i'm just wondering is it wiser to just find a kushy job you like and make the same amount of money?

Rehab/flipping, again idk, may be more to gain from doing 5 or 6 of those for a 20-60k payoff.(if your skilled)

I was chatting with a fellow BP'er on this subject, and it got me thinking if the Wholesaling and/or flipping strategy really a viable long-term plan if you want to exit the workforce?

when you break it down, say you are able to close 7 or 8 deals in a year..you get a check for say 6k, 4k, 12k, 8k, 5k, 13k and 5k...after you put in all the marketing it took to get those deals, pay taxes, you are probably at about 40-45k maybe or even thousands less.

Not sure about flipping, (never done one), but my guess is you would make out better, assuming you know what your doing and execute them perfectly.

That is a nice amount to bring in from just assigning contracts, but my thought is, the only way to build on it is if you continue to work a job, if not, you just have a stressful self-employment gig and all your profits are going to living expenses.

Our conclusion was that finding and buying(holding) real estate deals with built-in equity for cash flow and tax benefits is the best way to continuously make a great deal of considerable wealth.

Please share your thoughts, especially those that do these strategies full time, I love to hear different viewpoints!

.68 w/POSTAGE?? I'm in!!

Need some help with analyzing this 2/1 in Ladonia, TX, rural town about 30 min from Greenville.

House needs partial finish on roof, as well as rehab in one of Bedrooms and bathroom.

Needs flooring and paint as well.

Most of windows have been replaced, looks as if owner started rehab but never finished.

Seller can take 15k cash or have investor or lower cash and take over payments on 8k mortgage.

Rents are 450-550

If you are in Dallas/Greenville area and know this market, please PM me to sort out details, ARV, etc to possibly partner on this property to see if it works.

Pics on request.

I'm in Dallas now, but still market heavily in Atlanta markets. Please keep me abreast of what you are working on or feel free to PM me if you guys want to collaborate on finding deals!