All Forum Posts by: Account Closed

So, I sold a property as-is. I'm wondering how can I get real investors and close quickly?

Todd, the survey is vague to cover any cost. Feel free to reply with what comes to your mind.

Stinson Bland, what types of marketing costs? Flyers, signs, mailings, etc?

These are great responses! Keep posting and thank you, everyone, for your responses!

This is a survey. To restate the question, when you formed your business, what costs did you fail to notice?

All responses are appreciated.

Ok, well, I found a lawyer that speaks real estate lingo. I doubt anyone saw the opportunity which is fine.

The same people post in my topics so I would appreciate that those repeat posters not to get too deep into my deals. Though I have posted questions about getting a 50 dollar appt complex, I would appreciate the skepticism and pessimism kept silent. While people have complained or voiced "you can't do its" I have closed on several deals. Anyways, I am done griping and won't return to view this topic.

Back to the topic, how do I ask a lawyer.

The town she lives in is very impoverished and standard properties in low income neighborhoods range from $20,000 to $60,000. I was thinking if she could get a 20-30 year term then her payments would be low enough. That just leaves me with, what do i ask for with the lawyer and how do i make a profit?

I have a lady highly motivated to get her own place, however, she is disabled and lives off a tiny check. She came to me saying she desperately wants to own her own house but can only pay less than $100/mo and she let me know her credit is shot. It will be my job to find her someone willing to owner finance their home to her. So, I need a letter of intent to a home owner willing to finance but my lawyer is confused with my investor talk. How do I ask my lawyer, in legal terms, what kind of contract I need? on top of that, since this lady is broke, how can I make a profit off this deal?

This is strictly hypothetical.

You randomly meet a motivated investor needing a property to live in for under $400 total each month. This investor agrees to share any passive income obtained from renting out their home and any other property they obtain in the future with you if you do the research to locate the great deals. However, they want a mobile/manufactured/SFR in a city that you have no real estate experience in and you are not licensed as a real estate agent. The investor wants TLC properties or fixer-uppers with moderate damage ($10,000 to $15,000). The investor knows you are not licensed as an agent/professional.

How do you proceed to successfully complete the first deal to obtain the cash flow?

One other option I find, since I enjoy doing the "hard work", is government grants. I've been watching a large amount of these offered by the local and state government for commercial sized apartment complexes averaging 50+ units in areas they want developed. Does anyone with experience have some positive tips with government grants?

I also have been seeing hard money lenders advertising financing for real estate projects. So, what are the positives and negatives of hard money lending for commercial sized apartments?

My father taught me that when I talk to them "they are like nailing jello to a fence."

So far it has been 100% correct for me.