All Forum Posts by: Reggie Maggard

Ok, some crazy stuff on here...no, it’s not our responsibility to take care of our tenants rent. We have no ‘moral obligation’ to let people have rent rent. You don’t work you don’t eat ...with the obvious exceptions.

Covid is technically not the problem, the government is. Leave people alone and let the free market work.

I like the cash for keys and a discussion as the first step regardless of the hell virus issue.

Hey where did you get the cash?

at that tax sale did you do research on the house before purchase or just gamble? What did the research look like? Did you have to outbid anyone? How did you know the title was clean? 

location location...assuming that's moderately ok, I would think that 250k mark isn't a terrible asking price...possibly even 265 if you have the time...well done

ok so I'm doing the math on this equity split stuff...it basically makes me a paid property manager...as best as I can. tell...or maybe the deals in my area are just stinky right now...

@Jaysen Medhurst That is just fantastic help, bravo friend, well done. How do we determine when to sale or pull out funds?

@Derek Dombeck that’s great, very creative

@Daniel Dietz

Hey thanks for the insight.

I have a couple of questions...

1. In the partnership are they limited and your general? I know you said 50/50 but how are the decisions made?

2. How did you get away with a 20% down payment (instead of 25%)?

3. In your partnership, the partner understands it may be 12 years before they get their cash? I would think the partners would have a fit if they need their cash day in 3 years or something.

Thanks

@Jaysen Medhurst ok so not a great deal...what do you think about how I could structure a partnership (using other people’s money) if this was a good deal?