All Forum Posts by: Jason Kaufman

There is a vacant house in a nice neighborhood that has been empty for 3 years and the neighbors are pissed. Whoever owns it has allowed people to live in it and try to fix it up. Ended up being used for selling dope. The house has termite damage, empty pool that will need major work, and who knows what else. It 3000 sqft....homes in the area selling around 90 a sqft. Agent is firm at 250k and will never get that price with all the work. Is there anything legally the neighbors can do to motivate him to sell.

There is a vacant house in a nice neighborhood that has been empty for 3 years and the neighbors are pissed. Whoever owns it has allowed people to live in it and try to fix it up. Ended up being used for selling dope. The house has termite damage, empty pool that will need major work, and who knows what else. It 3000 sqft....homes in the area selling around 90 a sqft. Agent is firm at 250k and will never get that price with all the work. Is there anything legally the neighbors can do to motivate him to sell.

My main concern is the fact that she doesn't have paperwork for the first repair that was done prior to her buying the house.

Sorry. They would like to fix it up and then put it on the MLS to sell. They are doing FSBO to see what kind of offers they would get. They live in Fort Worth and this property is about 40 - 50 miles from their primary residence.

Just looked at a FSBO is a very sought after neighborhood in North Dallas. Built 1980 3/2 at about 1900 sqft. Owners have gutted the place and want to fix it up themselves and resell. Contractor quoted 10k but to get the price they want its probably more 15-20k. Another issue is the foundation has been repaired twice. First time was before the current owner moved in and no paperwork. The second repair was done during current ownership and their is paperwork. My question is, does foundation repair diminish value and if so how much? I know if I am going to pay top price for a home I don't want foundation repair. Planning on fix and flipping this house and I am going to have to convince the owner they might struggle to get the asking price they want.

If you look at a few other posts about Phil the upfront cost varies and I am sure they base it off the amount you have to invest. When I started asking about people in the program and anyone I could talk to about their experiences that's when it went south for me. You will also see a few people jump on the forum to defend him but when I tried to contact them as well I got nothing.

So this is what I came up with... 25% Gross Profits from and Fix or Flip and Wholesales 25% Gross Profits (After PITI and Maintenance Cost) After Capital Investment is paid in full an annual return of 12% from gross profits. Please let me know what you think.

I was the same listening to his videos even thought about getting into the program myself but after a few lengthy phone conversations with their sales people it started to sound like i should pass. That is just my personal opinion. The few issues I had was the 6k upfront to get into his program. I was kinda cool with 200 a month ( which they will cover for the first 90 days which is great) because of the access you get and even the 50% split was alright if I am getting great support. What really turned me off is I wanted to get some feedback from people on the videos who have been so successful. I found a few on LinkedIn I think but none mentioned Phil's program. (Which was strange giving all the success they had) I even called Billy Busch here in Dallas asking to see if he would meet to discuss the program but got someone from his "office" saying he wasn't in. Never received a call back. On my last conversation I asked if they would be able to set something up and they acted like that wasn't possible but would try to see if he was available. They also mentioned I wouldn't work with mentors in my area. I go into a few of my other investigative techniques through real property searches on other individuals attached to this program but it would be to much to type. There are a few other threads on here where people supported him and I even tried to contact them....nothing. You really need to do your own homework and while this program is not for me it could be for you. Any question about real estate investing I have I post it on here and get great feedback.

I have a family member who might be willing to invest capital I need for leverage. While he is a family member he is treating this like a true business opportunity. I want to get creative on his ROI instead of a flat 8-10% return. My strategy is a combination of fix & flip but ideally looking at long-term rentals. Trying to come up with an attractive offer that will benefit both parties. The investment would be around 100k. Any information would be greatly appreciated. Thank you.

Thanks for everyone's response.