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All Forum Posts by: Eric Foster

Eric Foster has started 32 posts and replied 978 times.

Post: are any banks doing "stated income" lines of credi

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

vinochief...

I sent you a Private Message with that contact info we spoke of...

Let me know that you got it.

Post: are any banks doing "stated income" lines of credi

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

Try Wells Fargo... If you need a name and number, let me know.

P.S. I don't work at Wells Fargo.

Post: Abandoned House!!

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "REI":
... Why keep it open? So more people can get knocked about?...

... We are way past discussing the details so let it die...

I understand what you are saying…

However, I just take it personally when I see others do things that I feel are wrong. I don’t like to see things that cause problems with the industry that I support my family with.

I can’t tell you how many deals I have lost to other Investors who were using shady business practices…

Sometimes an idea should be “knocked about”!…

Post: Not working for me

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

Works for me too...

Post: Abandoned House!!

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

I also vote…

To publish a list of my vacant houses... Just in case anybody wants to come by and remodel them for me. :D

Just let yourself in... :shoot:

Post: Abandoned House!!

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

I say leave this thread going!…

That way others can also comment how ridiculous this whole idea is…

With ideas like these, no wonder every state and federal agency snoops around in Real Estate Investors activities…

Post: Collecting Past Due Rent – Will Ferrell in The Landlord

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23

Ever tried to collect rent from a tenant that is past due? I need to get “Perl” to help me collect rent!

If you haven’t seen this little video with Will Ferrell entitled “The Landlord”... it is pretty funny!

http://www.funnyordie.com/videos/74

Post: Birddogging

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "jbock220":
Can someone give a definition?

You may try using the "search" feature at the top of Bigger Pockets... Search for "Birddog" and you will find many posts talking about it. Many definitions and discussions have taken place on this topic.

Good Luck!

Post: Abandoned House!!

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "REI":
… Eric, Adverse possession is more or less what you are describing and completely legal when done correctly.

If the owner is not likely to come back it is a calculated risk.

The initial idea is not something I would follow but there is a fair amount of logic to it. It does happen.

I am sure it does happen, along with many other “questionable” techniques.

I am familiar with Adverse Possession. However, where I have seen it used most is when a neighbor has encroached over their property line with a structure, fence, or has been using and maintaining a portion of a neighbor’s property for many years… Not as a technique to “steal” someone’s property…

Legal or not, it is just a bad idea. At the very least, it is a technique where one would have to lack poor moral character and judgment… I agree it is not something I would do either.

Getting “too creative” with Real Estate Investing are the stories that make it on the evening news and give Real Estate Investors a bad name…

And to me, this is one of them!

Post: Abandoned House!!

Eric FosterPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 1,114
  • Votes 23
Originally posted by "corpmule":
... This is not illegal or a scam...

Yea ok… I could hear that conversation now…

Well judge, I saw the house just sitting there and figured I could make some money on it… So I broke in, fixed it up, changed the locks, and decided to rent it out.

“Is it your house?”

No, but I really didn’t think I was doing anything wrong…