All Forum Posts by: Cory Mccarthy

@Dante Pirouz, nice change of direction on the exit strategy.  House turned out great and you deserve the rewards you received.  Keep up the great work.

@Justin Hamel, to get the @ symbol to work properly to tag someone, you have to choose the name that pops up in a prompt near the bottom of the page after you type the symbol and the first few letters of the persons name.  once you choose the person from that prompt it will turn the persons name blue and will send tgem a notification that they were tagged.  I believe, but am not positive of this, that you can only tag folks that have posted within the specific thread you are in or that are already collegues/connections of yours.

@Erick Michael Ford did i understand you correctly that you are 18 years old and already own two single family homes that you rent out?  WOW what a start in life

Not to discourage you, but Ann Arbor is pretty darn expensive. You are in a great area yourself as that 96 corridor from Howell to Brighton is awesome and in the beginning stages of exploding in my opinion. Highly suggest networking at local REI groups. Checkout meetup.com for local groups. Great one in AA and we just started one in Howell not too long ago as well. Come check them out.

I agree with Joe Villeneuve , anything with a negative cash flow is not investing in the technical sense of the word, but pay close attention, as he didn't say it wasn't a good idea. As others have clearly pointed out here, you have to live somewhere and if this results in a lower cost of living for you, you will be saving money and building equity at the same time. And if you someday you move out, rent the other half and it turns cash flow positive, it then turns into an investment and provides a great starting point. Great strategy here for someone just embarking on their journey. I have seen Tim Puffer 's house and it is awesome and will cash flow hugely once he rents out both halves and until then, he will live practically rent free allowing him to save or put his money to other uses. Way to go Tim!!

@Travis Page  I looked at Jackson for a while and it looked reasonably good to me, but I am about an hour north of there.  I ultimately decided to stay closer to home until I get some wins under my belt.  @Account Closed was helpful to me in the local market and might be able to lend a hand or some advice to you regarding Jackson Market.

@Adam Klugh, you may want to try to reach out to @Tony Dixon.  I have not closed a deal with him yet, but he has been very helpful, I just haven't been able to negotiate the right deal yet.

Thanks @Eric Benzenhoefer, I figured that was likely the case, but it never hurts to ask just in case.

what are the chances you would take a second lien position on a seller carry back offer that still did not exceed a 65% ARV to fund a rehab only portion of approximately $50K rehab?

@Tim Puffer - Thanks for keeping the thread alive, just got a great lead from Emily above.

Thank you so much @Emily B., I am calling him in about 60 seconds.