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All Forum Posts by: Donald Hendricks

Donald Hendricks has started 32 posts and replied 218 times.

Post: How to purchase a property with actual, physical, CASH

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96
Originally posted by Will Russell:
The seller receives supplemental security insurance and can only have a maximum of $1,500 in their bank account.
Without me paying in cash, the seller may not want to go through with the deal because they will lose their SSI.

Here's an idea, why don't you not be so greedy, and not participate in Social Security fraud. Find another deal. Like it or not, you know what is going on, and you are going out of your way to help this person commit a crime. Also known as a conspiracy. You shall be just as culpable as the SSI recipient when this house of cards comes tumbling down.

Post: Rejecting applicants

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96
Originally posted by Eric Smith:
I just read 4 Warning Signs of High Risk Tenants. Great article!

I am under the impression that when a tenant applicant applys (fills out forms, background check) that you cannot reject them for any reason and keep looking for "someone better". Is this true?

As long as you don't reject an applicant based on a protected class, you don't have to rent to just any schmo. Who is to say who applied first? There is no Federal agency (yet) mandating date & time stamps on rental applications.

Post: What To Say On the first postcard?

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96
Originally posted by Michael Quarles:

I will post more tomorrow

I almost wanted to sell you my house until I got to the God Bless part in the letter.

Just seems cheesy to me. Otherwise, I like em

Post: Detroit Bankrupt

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96
Originally posted by Geof Greeneisen:
Donald Hendricks I can appreciate your sentiment. And yes Detroit has sold vacant lots to owner occupied houses next door, why not? It gets the property paying taxes and maintained by the most likely buyer.

I would disagree with you that the people who live in Detroit are trash. Maybe you will want to rephrase in the future?

I don't see myself as a do-gooder, however I do want to see Detroit succeed. It has been my experience that opportunities lie in market unrest. My challenge is what and where is the best, risk adverse play in the city. I have yet to pull the trigger.

Perhaps you could re-read what I wrote, and see that nowhere did I write that everyone in Detroit is trash.

The people that are the root of the crime problem in Detroit, that is another issue. They are trash indeed. Flushing them out into other areas only screws up someone else's neighborhood.

Post: Detroit Bankrupt

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

I read somewhere, can't remember where, that Detroit was giving vacant land/lots to adjacent occupied lots. These were lots that have been long since abandoned and they seized through non payment of taxes. The idea being that the new owners would take care of the land, mowing, picking up trash (yeah, right) and maintain the land.

Detroit is a use to be and a lost cause in my opinion. How do you go about displacing all of the trash that lives there that is the root of the crime problem? These type of people do not want to work, they would rather be the Democrat base and be the takers, be it through the system or at gun point, likely both. All the do-gooders want to "fix" the problem, I say leave the problem right where it is before you screw up someone else's neighborhood.

Post: Lifestyle questions in rental application

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

Look in their car, if they are a pig, they will be a pig there too.

Post: Credit Check for home loan

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

Your disputes should go to the creditor. It is the creditors job to report accurate information. A dispute can also go to then credit reporting agency, but they are only going refer it to the original creditor.

FICO is only a scoring agency and scores are based upon the information contained in the credit report.

Post: Landscaping - 6 Unit Multi-family

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

Use the thickest MM plastic you can find and be prepared for rocks to be everyplace that you don't want them. People just can't leave them alone.

Post: Chris Johnson - Free Money

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

There is a podcast on REIclub.com of this sales pitch. Same thing, different day & place.

But wait there is more.... If you act now.... But there is only a limited number of....

Run Forest... RUN!!!

Post: Finder's Fee Dilemma

Donald HendricksPosted
  • Investor
  • Clarksville, IN
  • Posts 226
  • Votes 96

That person would be my new project. He would rue the day that decided to steal from me. I would have code compliance and the plumbing inspector and the electrical inspector and any other inspector that there is to be found on speed dial. I would make his life a miserable hell. It doesn't take much time to see what permits he has, what projects he is working on and make a few phone calls to complain about this or that, true or not, I would file complaints with anyone who answers the phone, has an email address or just happens to be within ear shot.

But, that is just me.