All Forum Posts by: Joe Lambert

Yes, he is a straight shooter and has been my go to for all my SFHs for the past 4 years. His pricing will not be beat. I pick and choose which things I want him to do and which issues I address. 

I’m looking more into these areas. It may be profitable to build and rent versus buy and deal with rehabbing. 

5.75% 15 year amort, 75% LTV on a 5 year ARM.

Tim Frame

First State Bank of NE

Yutan NE

Good luck.  I too grew up in central Nebraska.  They are suffering from very low inventory, so probably won't be getting any great deals on price. 

https://www.wsj.com/articles/scarcity-of-housing-in-rural-america-drives-worker-shortage-1527672602

Sounds kind of shady.  I think I would report it to Berkshire Hathaway Omaha CEO, Vince Leisey.  It doesn't seem like a practice that he would appricate. 

https://www.linkedin.com/in/vinceleisey/

Who would be the first lien holder?

http://www.fsbothatworks.com/downloads/uniformpurchaseagreement.pdf

How do you have 190+ leads, 80+ pre-qualified, 45+ viewings and still have a vacancy?

Autonomous vehicles in my opinion will disrupt real estate, but that will be a long drown out process.  Sharp interest rate change could cause a crash too. Outside of that, inventories are so low that it's either buy at these prices or live out of your suitcase.