All Forum Posts by: Jeff C.

The shortcut I see most on BP to claiming ownership of a huge number of units is:

Take part in a syndication that acquires a large number of units.. then simply count all of the units as your own.

I had a property manager that I was already using in the area and that had proven themselves to be reliable go and check the property out before I bought it. It all worked out quite well.

 1400-1500 miles. One of them I never saw in person until I sold it a decade later.

I've just never had owning or flying one as anything I dreamed of. I strongly prefer to leave the piloting to those who do nothing but that all day long. Not a thing I desire to just "dabble" in. I want to see a pilot up front with some grey hair. But not too much. Don't need them having a heart attack on my flight! haha

@David Zheng There's a big difference between being self employed and being "retired". I work a hell of a lot more hours now than I ever did when I worked for anyone else.. but I still enjoy it more and wouldn't have it any other way. I'm quite confident you'll make it work. Getting laid off from my 9-5 in 2010 turned out to be the best thing that ever happened to me, as it forced me to concentrate on REI full time. Don't listen to the naysayers on here about the car if you can easily afford it. Money has to have SOME purpose other than to just accumulate more of it. Whatever keeps your motivated. Work hard, play hard! Bring that thing over to Cali and let's get a race on and hurt some haters feelings. ; )

I've recently started buying trustees sale properties in San Antonio, and I have a couple that I need to start the eviction process on. Back here in California I have plenty of people on tap for that, but I'm having a heck of a time finding the right person in San Antonio. I called the few services I found online. One that I reached seemed really confused about post foreclosure evictions.. as she kept asking me things like how long they had been tenants and how long they had gone without paying, despite me being very clear that they are holdover former owners after a foreclosure sale and not tenants, and I'm the new owner and not a landlord. Another's phone number no longer works, and another seems to want $1000 flat rate plus fees even if the tenant moves out on their own accord after the notice to vacate is served and we never even have to file a case.

Can anyone recommend someone to handle this? Who do you all use?

I also just need some boots on the ground. For all I know the occupants that were in the properties 2.5 weeks ago when I was last there are already gone. I'm willing to pay someone to just go check up on the properties for me and figure out the current status.

My spidey sense is telling me that you probably actually intend to try to wholesale this thing and want to tie it up with no money. The seller doesn't want their time wasted by someone who doesn't even have the wherewithal to take down the deal, which is smart on their part. If they're wrong, show them proof that YOU are able to close on this thing. 99.9% of wholesalers have no ability to close on a deal like this, nor do they have any clients on tap who will. Sellers with multimillion dollar assets usually value their time too highly to spend much of it entertaining dreamers.

I've worked my way down to zero units these days and I've got to say, getting rid of that last one was rather satisfying!

Link is broken.

Flipping has been good to me but it certainly hasn't been easy, and my strategy is always changing. I also recognize that we've had the wind at our backs with a rising market for nearly a decade. The proliferation of the idea that flipping is easy money also has brought enough "dumb money" into the game to make scoring a flippable deal pretty difficult. I'm primarily an auction buyer, and in order to win at an auction you have to outbid the most reckless person who showed up that day (making you the biggest nut of the bunch). It's a bit unsettling. That said, I still don't currently have a better idea so I guess I'll keep doing this. On a related note, personalized plates finally came in yesterday!