All Forum Posts by: Dennis Wayne

Check your state docket files online for past criminal offenses and check his Facebook it’s shocking what can be found on social media these days you can know what a person is typically like by their profiles

This is a terrible hobby landlord mistake , learn from my past stupidity doing this , you can go broke saving money guys .just about Everytime I’ve tried this it bit me on the a$$ trust me ,just pay a handyman and be done with it .

I hate to be cynical but It surprises me in 2020 folks study for years go to seminars scrimp and save up 20% plus closing and call a realtor up and eventually buy something at full retail price . People are so risk adverse and terrified to make a mistake or lose money that it takes them a decade to do anything . It reminds me of mark Twain’s quote : the secret to getting ahead is to get started ..

Don’t sell anything ! Dude ,It’s part of the business . The first couple years are going to be hard this is expected especially if you are not a seasoned investor . Your still wet behind the ears and getting the places stabilized and systems in place . As long as you bought right you’ll be fine if you hold it long enough and don’t quit plugging away . Chill out put your head down and move forward even if it’s an inch at a time . You’ll get through it eventually and be glad you didn’t give up ! Don’t listen to these guys telling you to sell them off.. geez! Look if it was easy everybody would be a real estate millionaire!

You don’t necessarily need a “ new” car that’s your problem and 10%? That’s not nearly enough

@Chalyn Huff

Neither ! How bout saving and getting your money right

I can think of several ideas if it aren’t for your past but With her being on title it’s going to be pretty cut and dry on this . You’ll have to get her a new loan in place to get you out of the deal . She needs to get her credit right and restructure this . It’s kinda out of your hands in many ways

Sorry man I have certain stuff I keep to myself about  

That’s crazy to me but hey if you have a dozen or so units it works ok I guess , its not needed it’s not scalable and they are usually unappreciative anyway in my experience

I predict commercial real estate will take a huge hit but residential will level out and hold for years to come . Eventually the feds Monopoly money hyper inflation will catch up and bite us though when that happens I’m not sure but it is a matter of time and it may not necessarily drastically affect real estate markets like it will the stock market .