All Forum Posts by: Erich Zipse

This is an interesting subject. I've been considering buying a piece of ag land in California with a house and barn. And then legally adding an ADU (accessory dwelling unit) or two. Then a couple of mobile homes as I expand the septic. Any one else done this?

Hi Sherman! How did your Hilo project go? 

Erich

Sean D., 

I've been through two very successful rounds with Credit Card Builders and they have tripled the initial approval from $42,000 to $147,500! We are about to do round three. These guys are the real deal and if you need capital, it is worth the expense and trouble to get started with a unsecured line of credit. I highly recommend Credit Card Builders and the company is extremely professional and customer service oriented. 

Erich

Thanks Ben! I agree and sent the packing. 

Erich

Thanks Charlie! Is your assessment based on your experience with them? Or on what i described? 

I was browsing the want adds for jobs on Monster.com and ran across an advertisement for a company called Hardmoneyflips.org that wants to hire people to sell 100% LTV hard money loans and partner with them to do rehabs. They want $250 up front with an application. I see red flags and it seems too good to be true. Does anyone know about these guys?

Hi Chris,

I too am considering CCBs. How do you get around the cash advance limits. As you know each card has a percentage of the credit limit that is available for cash advances. 

Also, I was watching a Youtube video put on by CCBs and they said that they had a "had an institution that will take cash off a card with no fee or limits". Any idea if this is true? 

Erich

I'm using Michael Blanks Deal Analyzer and love it. Just trying to figure out if anyone knows why if I increase Gross Scheduled Income in the Summary Tab, the returns drop. To me, returns should increase. I have tried a fresh spreadsheet and re-entered all the data. I must be missing something. 

Philip,

This may be a tough deal to do! I do not know how a deal like this works in your area. I am from California. But, here any deal that is historic will be subject to a lot of hairy, and I mean a LOT hairy work to get past the historical review. Changing zoning will most likely be another issue. Will the layout of the church be easily broken into separate units; plumbing and electrical, structural etc will all have to be considered. This would be a big project, requiring a lot of time.  And time to get permits. 

One of the things I really like in existing apartments is that usually upgrades just need to be cosmetic. No permits unless your putting new monument signs or roofing, etc. Stick with badly managed existing apartments. There are lots to be had. 

Erich

Hi, I am an experienced apartment investor from California. Just purchased Michael's Deal Analyzer. I love the analyzer but cannot figure out why on the Summary page increasing gross scheduled income decreases returns?