All Forum Posts by: Chris T.

Yeah, they might have to pay me to take it off of their hands! Considering, I would have to pay for body removal and such. :shoot:

I think Jim Carrey was a better Vanilla Ice then Vanilla Ice!

That was some good feedback R-Cube aka Ryan!

I don't think we have too many war zones.....maybe North Heights and the NW 2nd area off of Adams, across from Wildhorse Lake.

I guess I won't target the Woodlands just yet!

I was considering using an LLC for my wholesale business, but it seems that I would have to pay capital gains tax and self-employment taxes with an LLC or a Sole Proprietorship.
And, since I'm not investing, buying, and holding property then I won't really need the protection of an LLC. A sole proprietorship is also cheap!

Any thoughts?

Thanks Ryan. I justed added this to my BOOK of notes.

Berkshire Hathaway B Stock
BRK .B

%%&%$$()_)()&*&^$^$^%*^(&(*)**)
Too Short

Yeah I like "crappers" too!
I agree with Andrew, there are areas were people are out selling crack on the streets or where you'll find needles in the house, but there are more "low income" neighborhoods that are safe then neighborhoods that are dangerous.
I don't live in Detroit!

Here's where I go.

http://www.biggerpockets.com/bank-reo.html

What demographic have you had the most success in wholesaling?

Do you find more success when trying to wholesale in neighborhoods that have the "Average House?"
If the average house in your town is 3 bdrm, 1.5 bth, 2 car gar, at $150,000 then would neigborhoods that fit that criteria be the best place to target?

Or, are low income neighborhoods?
$50,000 or less.

What about areas that are mostly rental properties?

I'm not seasoned, but I'm going to the appraisal district and having them burn off a disk of all the properties in a particular area that have tax appraisals of $30,000 or less. Then, I'm going to look and see which houses have owners who don't live in the appraised house. After that, I'll call, mail, and visit the owners to see if they are interested in selling.