All Forum Posts by: Don Hines

@Vicki Gleitz 

Yes, it can be true. I don't rehab for rentals. But, I am guilty of over doing it in the wrong neighborhood to the wrong home. It hurts when the market does not appreciate my work.  Good luck and keep us posted.

Don

@Jay Hinrichs 

Interesting thread. We have certain areas in Little Rock (as I am sure all cities do) that I used to dream of rehabbing and flipping in. They were purchased with all of the typical assistance programs that were available 8 to 10 years ago. Demand was so high, it was difficult to buy at a profitable price to flip. Now that buyers must meet scores that are more stringent, these homes are priced $40k less than they were and are just sitting (boarded up) because no one that would live in these areas can qualify. Instead, they are renting in areas that are more warzone than the boarded up areas.

Don

I am actually interested in lending hard money as well. I started a thread and the replies only hurt my head. I am interested in NPN. I am going to a Guru seminar in Texas next month. I have already been beat up over it. But, I think it will be educational. Are you HM lending to rehabbers?

I am 58 and I love everything about rehabbing a home. But, I have come to realize I am not as fast as I need to be. I am leaving more and more to the pros. They don't do it like I would. But, it sure is nice to have them on their knees instead of me.

Don

@Amanda Sutherlin 

I live in Little Rock. The news this morning just p'd me off. Unfortunately, this is not the first event that has happened recently that has people wondering what they can do to protect themselves.

A young mother was shot dead about a year ago as she sat at a red light. Gang bangers and some kind of initiation are suspected. People are blocked in the parking lot of a popular mall frequently and robbed. I know these probably do not make the national news. they are just incidences of "what can you do?"

I can only offer a personal story; a disgrunteled employ jumped on me over 20 years ago. It was a complete and total surprise. It changed me because I realized I never dreamed someone would jump on me with the position I hold in life. Not saying I am special; but, the job had about 80 people that I was in charge of. The end of that story was he ended up in the hospital after I had to get mean.

Since then, I practice in my mind what I will do with the next ahole that jumps on me. And I have had a couple try me in the past five years. One now has a deformed ear. The other has less hair sticking out of his collar. I am convinced the two later incidents would have turned bad for me if I had not been running through these scenarios in my mind all of these years. If someone wants to harm me or any one else around me, they might lose an eye, and ear, or anything else that comes naturally to me to defend myself or others.

My wife sez I scare her sometimes when I say what some ahole "deserves". Being jumped on all of those years ago just has me running what I would do through my head. Just trying to answer you question, I think mean.

BTW  I got randomly interviewed by FOX on this unfortunate subject while I was at lunch today. One of the questions I was asked was "what would I do if he is found guilty and I was in charge". I doubt very seriously my interview will be aired.

Don

Hey Brian

I took a leave of absence from BP; but, have been active for the past couple of weeks. I have been wondering if you was still around.

I still chase after REOs. But only in between the guru seminars that come through town. Newbies get the prices jacked up and all out of whack. I have been studying notes. That seems like a ore attractive way to semi retire to me.

Don

Not tooting my own horn. That is one more thing that has sparked my interest. Our club has grown so much over the past couple of years. So, many have not done the first deal because they are afraid of putting it together. I think I could be of service with the reserves I have plus my experience in flipping. I don't know how much "hands off" I can be. I am afraid I will get my self in trouble with the IRS using my SDIRA. But, they can't eat me.

Don

I think Ann meant to say "owner occupied".

@Ann Bellamy your web sight is very informative.

thanks

Don  

Me too. I am studying the note business, and SDIRA at the same time. I looked at some of the Crowd Funding threads and am feeling a little sick now. Too much info going into my pea brain.

Don

You should have been around when we were allowed to discuss politics. Those were the good ole days!!

Don