All Forum Posts by: Jeremy England

I think much of that is dependent on risk tolerance. Some people are fine with being in a million bucks debt if theyre getting More than that in rent.  Some want to own free and clear the moment they buy it.  

, im less risk averse than my wife.  But i also have to live with her

From a deal generation standpoint, @Anson Young's book on Finding and Funding deals is awesome.  Not much gets left out of it with regards to the different methods of getting deals.

 That does leave a wide door open for financing.  Not the case here unless I'm misinterpreting it.  This is from the local county website on auctions.

" if a party other than the creditor is the successful bidder, an immediate deposit of 5% of the bid is required. The balance of the bid and court registry fees (3% on the first $500.00 and 1.5% on the balance), must be received by 5:00p.m. on the day of the sale. Payment must be in the form of cash, certified check, or cashier’s check payable to Pam Childers, Clerk Circuit Court - NO personal checks or promissory notes."

@Darrell D. It seems the accepted practice is either cash or private money for the trustee sales. And according to jay those HML that do are regional and require premium points and apr for the money. It doesnt seem like HML would be a viable option for the auction, even if it can be done.

This eliminates alot of competition for the auction properties.  

42pct is pie in the sky.  I own that book btw.  I was a builder in Alabama before i took a job out of state.  

Profit on specs is really dependent on market conditions at the time of sale.  My last build was a 200000 project and I made 10k on it, of course that was 2008.  

yes it took alot of people by surprise.  Im guilty of it too but thats what happens when everyone decides not to attend city council meetings.  A few people make decisions that suit themselves just fine but screw other people over

as an alternatove to savings accounts.  I recommend a robo adviser like betterment.  I dont have a savings anymore and just invest on autodraft into a bond/stock savings vehicle and easily get over 7pct every year.  

Just give them your risk tolerance and let them do the rest

Does anyone know if you have to pay the balance of the purchase in cash like a county auction, or can you obtain financing to close?  

Also, if they are conveying a QC deed, can that be changed should you purchase your own title insurance?

East hill is an attractive place to live.  People like the proximity to downtown, I110.  

Depending on your numbers, I'd say its a safe bet

It sounds like you are doing fine.  Nice work.