All Forum Posts by: Dell Schlabach

@Nancy Roth 

 We had a awkward one recently, where adding a door to the deck from the kitchen seemed essential. Had a similar issue with banging the door against people sitting at the bar.  To to solve it, we used an outswing door. That may solve one aspect of the dilemma. . 

iko dual black is what I would use, second choice if I wanted to lighten it up a bit, would be iko driftwood. 

Both would work well

I have wholesaled numerous hud properties, if I get an offer accepted. We close then sell it to a rehabber. 

We are hooking up with a title company that will do a double close, that may be what you are looking for. 

Hud wont let you assign contracts.

Other method is to close in an llc, then sell the llc, although I am not reccomending that.

 I am not looking to jv, but if someone was, what would you bring to the partnership

Deals,  Money, the buyer?

Depends, What are you trying to accomplish?

Pros, They have money to lend

Cons, You, or your project may not meet their requirements.

Other options, Private Money, Hard Money, Owner Finance, depends what you are trying to do.

Welcome ....

as @John Horner mentioned, decide what aspect if real estate you want to pursue; rentals, fix and flip wholesaling etc.  Then spend a few weeks or a month, read multiple books, threads, and podcasts on your chosen strategy, ask questions and dive in. Test learn,  ask questions from bp of locals that can help you out with the challenges you run into. 

Good luck with your real estate ventures.

@Micki M. 

Reminds me of a scenario I had with one of my primary private lenders, we will call Ryan. I believe in full disclosure, so on a project, I mentioned that I was going to partner up with a friend, and she was going to run the project for a profit split. 

Ryan decided he did not want to fund the deal because of her.

I got the funding from a new lender, I had not used before, at a better rate than I was paying Ryan. 

Ryan was starting one of his own rehab projects at the same time we closed on our deal. We played a little game, although our project was a bigger renovation, within five weeks "the girl" was done with the  project two weeks before Ryan and his crew, wehad a contract within three weeks, before Ryans project did.

No lawsuit or revenge, even if you win, feels as good as it does to succeed when people doubt you or tell you it cant be done. 

Success is always the best "revenge", and the doubters tend to come around, I have had plenty come around and want to rejoin the winning team.

@ryana munford  .... welcome to the site... Plenty of N.E. Ohioans willing and able to help you along in your real live state adventures.

@Roy N. 

 VeggiTerranean, closes a few years ago. 

@Blake Alexander would you say that an investor not being allowed to buy a HUD house during owner occupied periods is a similar myth, just trying to clarify your position.

@Blake Alexander 

All the FHA documents that i have read clearly state that minimum requirement is that you have to reside in the property for a year, not to be in violation of owner occupancy requirements.

How is that a myth?

Did I miss something?

@john klaus there were four residential units, and a barbershop downstairs in the center between the two lower level units, about 150sq ft. The barber shop was open two evenings a week and Saturday Am, as I recall, small town with one traffic light. The barber was also the Zoning Director for the town, so we never raised his rent and stayed on his good side.

He was a wealth of information and a good source of leads,local gossip and insight. We turned an abandoned church next door into a duplex as well, bought it for about 30k put about 20k into it and rented the units at 695 each. We  rehabbed three other houses in that small town back in the day, largely because of information we gleaned from him.