All Forum Posts by: Gordon Cuffe

If a person buys one of these older house, why not buy a home warranty and flood insurance?  It lowers your monthly cash flow but could pay for those big ticket items that break or get flooded on.

mostly investors. owner occupants cant get loans below 50k as it isn't worth lenders  to do a loan on that small of a amount.  Most people in those bad areas are on some sort of government assistance for income also. There is just a trade off on how much you might make if you invest money and a lot of time into selling an investment house. When you wholesale a house ,you don't have any money into the deal and the goal is to make cash as fast as possible like 30 days or less without having to work on it 40 hours a week.

why not just wholesale without any money out of your pocket?  Since they are in the Kansas city ghetto 64127 or close. Find a end buyer at 10k each. If you don't have any investor buyers, you can co wholesale them with me and we can split the assignment fee. I have kc buyers for the ghetto.

How do we acquire money faster so that we have a large enough pile of money to be the lender.  You havnt even talked about when you get a crazy tenant who threatens you because you asked for his rent check. That happened to me. I cant use the words that he did and what he threatened to do to me.

I can read the confidential notes about the property if you want me to.  working with banks as sellers basically is frustrating. My experience is that you can find many thing wrong with the house and tell them and them to lower the price and they will not. There is not a lot of inventory so they can just wait it out until they find another buyer who will pay the price. or just lower the price many months down the road. message me if you want me to go into the confidential remarks and tell them to you. I have a CA real estate license.

You can call Richie at 314-277-1424 and see if you think he is a realtor that you would like to work with. I have knowledge of the area from an investment purpose. You can ask me questions anytime.

If you used a realtor in Toledo, you should ask them for referals first. activerain.com could be a good source to find a property manager if your realtor doesn't have one I do know of a realtor in Toledo that I can refer you to in case you didn't use a realtor.

I live 2 hours from redding. If I cant drive up there, I would be happy with talking over the phone to talk about the deals I have going on out of state and also what is going on in
Sacramento.

I JUST DROPPED THE PRICE ON THIS FIXER UPPER HOUSE IN ST LOUIS MO 63136.

THE ADDRESS IS 2050 BELLE AVE.  THE PRICE IS NOW 7500

IF YOU WANT A PROJECT, BUY THIS HOUSE ON A LARGE LOT AND RENT IT OUT

FOR 600 PER MONTH. YOU CAN ALSO CALL ME AT 916-261-2381 FOR VIEWING INSTRUCTIONS

conventional lenders can not do interest only loans anymore. The mortgage laws changed a lot since the mortgage meltdown. If your rate is somewhat high , you could look into doing a refi to lower the rate through the harp program.