All Forum Posts by: David Wurzel

I have a client who has reached out with this question and I thought I'd put it out here for ideas. The client wishes to purchase properties with cash offers. They currently have $75,000 in cash but wish to leverage this so they can make better offers. What are your suggestions for doing so? Hard money? JV? Other ideas?

Thanks!

It's now been confirmed that not only FHA but Freddy Mac and Fannie Mae has been included in the moratorium on evictions until the end of the year. I was accused of being snarky for my original post. I'm sure that word can be taken and/or defined one way or another. Be that as it may, my question still stands. We now know that millions will have an eviction on their record that will follow them for years and years to come. Yet, for many, it was no fault of their own. Suddenly thrown out of work they had to make some hard decisions. Homelessness or not. Food and medicine or not. But I read these posts from self righteous property owners who say "Be damned. An eviction is and eviction." I want to know what goes into that mentality now that the basis of the eviction is a pandemic.

@Marc Winter@Mike Dymski

Let's hear from all the smart, intelligent property owners who automatically dismiss those with evictions on how they will be handling the 30 million people getting ready to be, if not already, evicted because they lost their jobs due to the current crisis.

@Rich Hupper Our company has been doing this for over 6 years here in Florida.  Reach out via messenger if you have any questions.  Happy to help. 

I just love reading these kinds of threads.  You really get to know the REAL person instead of the facade they put on for business.

Is it just me (and I'm fine if it is) or am I being crazy paranoid.  But indulge me and hear me out.

Does anyone ever feel or think that when they have a lead and use an online deal analysis tool or website that someone, somewhere is logging that lead and checking it out for themselves?

Or maybe they wouldn't have the time to check it out for themselves, but what if they sold that log to someone based on their location?

There are a few websites I'd like to use but I catch myself thinking about this.

Anyone have any thoughts?

What is your strategy for reaching out to those who have a foreclosure right around the corner?  We're talking less than 2 months away.  Bankruptcy doesn't count.  That's too easy.  What other creative financing do you use?  Also, keep in mind that there IS equity in the property.  So, the suggestion of a short sale wouldn't work.  Ideas?

@Thomas S.

You've got to be kidding.  "I am proud of the fact that I operate a successful business, nothing what so ever to do with being kind to others."  Wow!! Hope you don't teach your kids that.  "Hey son, I'm a businessman and when I go to work being kind to others has nothing to do with it."

 "...bankrupcy is a cowards way out."  This is even more rich because a little bit ago I heard someone say it was the smart way out.  But hey, I'm not running the country.

"If you owe someone money you have a responsibility to pay..."  I can see you as a debt collector in a hospital turning off the oxygen.

"Debt is debt, it usually indicates someone with poor money management skills..no savings."  There is no correlation between debt and money management skills, ask any corporation.

"Nothing hypocritical about how I run my life or my business. Everyone is treated by the exact same standards."  By your own admission that is untrue.  Refer to bankruptcy quote and debt quote.

Again, hope nothing ever happens to you.  Gonna be rough.

We are an extremely vengeful species. Dismissive without explanation at even the slightest hint. Intolerant and hypocritical. I can imagine that every person posting here about how proud they are of refusing an application also pats themselves on the back at how kind they are to their fellow man.  "If there is an eviction I don't process their application." How absolutely revolting. Thousands of reasons could have caused an eviction. Hope that nothing ever happens in your life. Hope you stay healthy. Do you even realize that one of the top reasons a person files for bankruptcy is medical? And yet you dismiss these people outright. How hypocritical of you. That's sickening.

What is the number one (#1) reason that you find people advertising properties but not giving out the address?