All Forum Posts by: Dell Schlabach

 We used that category a lot in the early stages, still do on occasion with convoluted real estate financing transactions :-)

 We use the desktop version based on my accountants recommendation, he is local but does a lot of work for clients with online version who are not local to him. 

Interesting update

This morning I recieved an email from the Josh Group, with a link to a case study of an awesome HUD, I clicked the link

http://youtu.be/SvSIycTRj78...

and then I recall seeing that same video over a year ago from them. I remember it because his logic seemed especially flawed then and his projected selling price seemed significiantly off. I always find it espeally interesting when he uses houses that have not sold for a "case study".   I had followed that house for a few month and it did not sell. Then I forgot about it, piqued my curiosity this morning when I clicked on that year old "new hud deal", so I looked up on mls and here is the history. 

Listed it Feb 2014 , 217 days on the market,  multiple price drops, it didnt sell, then they withdrew it after seven month. Over a year later, today according to the cuyahoga county site, josh cantwell still owns the property, and hes using it as a video case study of an awesome hud deal. Looks impressive in the video, problem is it never sold!! 

40k flip? Proprietary marketing program to sell sell houses at lightning speed? Solid rehab advise? Reliable information? You be the judge. 

@Hitlen Brice

 Congratulations @Hilten Brice on your success.

Would you mind sharing some of the details of your deal, to help show newbies;this is possible. 

Purchase price, rehab costs, selling price. A few before and after pictures would be great, those are always inspiring. 

Did you use SDIRA money to fund your deal as the blueprint reccomends.

You followed his blueprint, bought a home from the mls, in Florida,  rehabbed your first property within 30 days, and made 40k+ profit? 

Since then you closed more and more deals...

Inspiring!  

Would you say it is necessary to get  the help of a Deity to accomplish such a feat or could people do it just following Joshs "blueprint"?

 We buy run quite a few houses with foundation issues. I have a local foundation contractor I bring out to evaluate and quote on any project I am concerned about. If foundation repairs are not needed, he doesn't charge me anything to come out. 

He is not a structural engineer, but they have one sign off on their work if needed, and the provide us a lifetime warranty that I can pass on to the buyer anytime they, strap, peir or replace a wall. 

I googled foundation contractors in your area, a couple show up that I suspect would give you a free evaluation. 

Where did you read that, and why do you think that is important. 

Assume you want to wholesale a house to me as a rehabber, why would this be important? Based on what kind of logic?  

Can you clarify, you are telling a new person it is more important to know what cash sales are in an area, then being able to determine ARV?

Couple ofy favorite non realestate

Ted.com

10xtalk.com

http://gettingthingsdone.com/podcasts/

@Tony Hill what you are describing is not that out of line with hml. It is usually structured differently but the net is about the same.

Around here small hml/private lenders are charging 13.5% annual, plus 3,000 in points. 

100,000 loan for six month, returns 6,500 interest + 3,000 in points = 9,500,  if you can turn it twice in a year almost a 20% return.

I used to pay this years ago,but today we are paying 8-10% annual, 0-2,000 fee depending on private lender we are using.