All Forum Posts by: Craig Bowen

I have always believed a six pack of beer and a frank get together go a long way.  At least as a starting point before getting "legal".  Most of my renter's issues were solved this way!  I'd grab them both, sit down and mediate their problems and come to some sort of agreement.  Will only cost you time and if it works, you keep two tenants who pay on time and otherwise keep the places clean!!  If it doesn't work, onward and upward!!

Funny, but very GOOD advice to watch your P's and Q's....and word docs!

We had a fantastic discussion at my local Columbia SC REIA meeting about Lease Options for quick cash. I was wondering if anyone else had started out this way and had any success stories!?

And thanks for everyone's help!!

Hey @Ben G I'll be in town all next week!  Afternoons are best and I'll be in the Carmel/Noblesville area.  But I'll drive where ever to meet up with ya. I'll give you a ring on Saturday!

Hey thanks a million Michael! I will look him up!

Hey guys, 

There was a podcast from last year interviewing a wholesaler/flipper from Indianapolis.  I am terrible at remembering the podcasts I like, or even the ones I've already listened to!!  Does anyone remember he podcast number or the name of the young man that was interviewed?  I am headed to Indy next week and would like to hook up with him.

Thanks for your help!!

Ok folks.  Newbie here.  My niche is going to be Flipping, particularly because of my construction background.  Few people in my area are doing full blown fix and flips!

So, I have found a house that actually works with all my numbers, ARV, cost to fix, etc. everything but the purchase price. It is listed at $110k and I need to get it at $80k for everything to work. I could make things work at $85 or even $90k but being my first one here, I am really hoping to have the extra cushion....65% to 70% ratio.

Two things to consider.  It has been on the market for around 8 months and it is owned by Fannie Mae.  Also, it was already reduced once from $129k.

So, my questions...

How easy/difficult is it to deal with Fannie Mae.  Am I spittin in the wind trying to get them to accept a lowball offer.  What risks do I have making an offer to Fannie Mae - earnest money, length of time to get responses, etc?  

On a side note, I start RE School on Mon eve and should be licensed by the holidays!  Pretty excited and hope I'll know all these things soon!

P.S. - I LOVE this site and will get exponentially more active in the conversations as I go!  The podcasts are GREAT!!

 So right Vala!  Always keep a half step ahead of the wolves!!

 Thanks James!!