All Forum Posts by: Don Hines

You are correct. I have attended the first class. I was not disappointed. There is an upsell; but, they don't put too much pressure on you.  Don

My grandson and I think Home Depot is an excellent resource for free popcorn or hotdogs every Saturday.

Don

@Christina R. 

All of the "My money and their experience" deals have never worked out. But, I think you have hit it out of the park with @J Scott as a partner.

Congrats!!

Don

I have had experience with only one REO that had CDW in the disclosures. It turns out that it was actually a Meth house. FNMA would not discuss it with me. The entire house was eventually leveled. Don

@Stan Butler 

I have enjoyed this post. It is happening here in Little Rock as well. I have been trying to get back into the game for 2 years.

don

If I may hijack the thread a little;

How does the IRS calculate the UBTI they will impose? And, how much?

A percentage of net profit? A percentage of gross procedes?

Example: I flip a house for $100k and net $20k in 3 months. How much UBTI in this deal?

thanks

Don

You mean me? (Don)

Before, I was rehabbing in areas where programs were used to finance. Such as ADDI or other assistance. With the crackdown on financing, sales are virtually none in the areas that attracted assistance.

HMMMM!!  Never thought of that.

The demographics certainly have changed for me. The areas I have worked in the past are not selling. Mainly because of more stringent financing requirements. Fortunately, I am not holding anything right now that is not selling. I know to get busy again, I must find a new market. But, when I have made offers in them, I am competing with people that don't seem to require a profit like me.

Anybody have any new tactics you are willing to share?

thanks

Don

My auto/home insurance guy introduced me to a local agent that provides Forced Placed insurance. I have never asked him this question though. I wonder if your note servicer can provide someone?

Don