All Forum Posts by: Gary Kurtz

@Matt G. Thanks guys! Certainly bears looking into then! I'm glad I asked (almost didn't)!

I just found out that a tall grasser in our town has an 87 year old owner who apparently lives a couple of states away and it's listed in the free public records on line as a "Beneficiary Deed". Is this more than likely a situation where, upon his death, the Grantees will inherit the property and nothing can be done about purchasing it until then?

@Bill Gulley Thanks Bill!

@Rich Weese , Thank you for your kind reply. I am totally enjoying your book. I stopped short at the "Mexican haciendas" because I wanted to understand what you had done on that deal before I read on...now I can continue! I have so much to learn and I appreciate being able to ask questions and get answers.

Nevada is about 3 hours northwest of Branson (north of Joplin about an hour). Thank you for your kind offer to visit with me but I would never impose on family time and I am pretty well 'green' at this and would more than likely embarrass myself asking you newbie questions. I'm just honored that you posted on the thread! Thanks again!

@Wayne Brooks makes sense. My guess is that he really did it and probably had a good reason for doing it. We may never know. Thanks.

@Ellis San Jose

So he DID 'loan' the money to himself in the form of a 'loan obligation' (note)?

Forgive me if I've posted this in the wrong forum. I'm reading R. Mike Weese's book 'Janitor to Multi-Millionaire" and I'm trying to wrap my head around the concept of him "...'creating' a 2nd note and trust deed...in the amount of $60,000." to be then used as a part of a down payment for a larger purchase.

In context he 'created' this second note and trust deed from a collection of properties that he owned and was renting. If it's a second note that means the first note and deed of trust was being held by whomever sold him the collection of properties - right? How can he make a second note and then have someone else hold a deed of trust on the same property? Was he in essence loaning himself the equity that he had in the collection of properties to use in helping him purchase the larger property?

I know this is probably a 'stupid' question for many but I'm not used to thinking like this and I'm trying to understand the concept and learn it's application. Thanks in advance!

@Seth Williams you hit the nail on the head. We have one major employer in town and a small manufacturing plant (employs probably 50) (not counting the local hospital and the school system). If 3M were to leave town, this place would dry up. We have lost several smaller retail shops over the last 5 to 10 years as well...and those buildings, located on the main drag are still vacant today. I do think @Tom Goans handed out sage advice though. I've already done much of that due diligence having lived here for the last 25 years and it is that information that has caused me concern, especially with buy and hold. THANKS both of you for your help!

I live in a small (8000 population) an hour and a half south of KC. We are the county seat and the population of the county is about 25k. In my opinion the town is not as health economically as what it was even 5 years ago. I can drive around town and see many houses for rent that you didn't used to see at all. My question is this: How do you assess if there is any viable way to invest here in this town as opposed to driving an hour to an hour and a half to a much larger metropolitan area that we know little about? We live an hour and a half from Springfield, MO an hour north of Joplin as well. Any thoughts would sure be appreciated!