All Forum Posts by: Michael Scott

I have 3 side by side properties that I've been working shorts on for roughly 60 days.(Each Property is on a 10,000+ SQFT lot) 1 is a Duplex that are 2BED/1.75Bath...1 is a oddly set up house and the other is a 2BED/1BATH with a studio. Previously these properties were used as a Halfway/Sober housing.

So here is my dillema...I am in to these properties pretty deep due to the condition Obviously marketing to Investors/Business owners that own Sober Housing units and stuff of that nature really limits my buyer base. However, I do believe that the upside of selling all of the properties in a package could be more lucrative. Should I continue to search for a buyer that desires that type of housing or do I just wholesale these out and run the risk of getting stuck with one? Being stuck with one wouldn't be the end of the world but would create some brain damage for me down the road. Thanks in advance to all suggestions.....

Any feedback?

How to win friends and influence people....

Can i see? [EMAIL REMOVED]

CASH-FLOW...% of value isn't as important as it once was

they are brain damage...move on to the next

DISCLOSE DISCLOSE DISCLOSE

Put whatever date you want...Some think a COE of 30 days out might create a sense of urgency. I personally do 45 days and put buyer and seller agree to extend the COE to allow for lender approval. Nick is correct, regardless they will give you the date....

Financial independence is different for everyone. Build residual income and find a source for transactional income. It's hard work. I'd say most investors "work" more than most day jobbers, but it's usually because they want to. Stay consistent. Patient people get the leftovers from those that hustle.

I've gotten one done where the person remained current. Tell them to call the lender and ask and if "yes" to make a note in the system. Typically, if the person is current then that file will not be a priority to the negotiator for the lender. It can be done but who the lender is will play a factor.