All Forum Posts by: Jim Francis

I've heard talk that they are planning on making another cut soon. Is that just speculation?

Wow! 10,000 members is nothing to sneeze at. Well done guys!

Can someone tell me a bit about the 1031 process. What I mean is, I have a property I am selling and I'd like to 1031 it. Do I have to place all funds I recieve when I sell into the new property? Or, can I only place profits into and keep my equity from the previous property as cash deposit?

Hey guys. I haven't done any pre-foreclosure deals before, and just landed a lead from a friend of mine. His cousin is way behind on the bills and needs to get out of his house before it goes to foreclosure.

He is sending me the basic info, including note amounts, property value, address, possible repairs, etc.

Then what?

If it looks like a deal and I don't have the cash to buy this from the guy straight up, what should I do? Should I get a real estate attorney, wholesale it and double close?

If you can help, give me some ideas.

Hi. Are you flipping these properties that you buy, or are you holding on to them long-term?

Nick,
I think you're right about spending time here vs. your corvette forum. While I'm sure you love vettes, this forum can actually help make you money. Sounds like a compelling reason to be here to me. Welcome.

Hi. It is nice to see new investors who have a realistic outlook on what is to come. You're bound to learn a ton here! Welcome.

Hey. Thanks for joining us and sharing with everyone the knowledge you've built. Here's my warm welcome to you.

Cool idea. How's it going so far?

Can anyone walk us all through a land deal? I'm pretty unfamiliar with buying and operating large plots of land such as recreational land. Does anyone have any advice on this? Other than taxes and debt service, are there any other carrying costs?

Any other help would be great.