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All Forum Posts by: Jerry M.

Jerry M. has started 9 posts and replied 64 times.

Post: Who goes to the effort of putting out 100+ signs and not returning any calls?

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

I have also called these signs around Raleigh area and never here back.

Post: Tips for Real estate investing debt free?

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

@Jay Leisten 

I bought a rental for 23k cash. I put 5k in it and it is rented for $825.00 per month. I just bought one for 25k cash and is rented for $650.00.(no repairs needed) I say it can be done. Just takes time to find them.  

Post: I quit my job today

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

Sweet Congrats

Post: Properties In North Carolina

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

Please send me info also. Thanks

@Mike H. 

Damn them taxes are high. Glad NC is not that high.

Post: Young, motivated, and willing to learn first-time investor from Raleigh, NC

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

welcome Trevor 

Post: Summited Offer on property today

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

the floors were all gone and the roof had a huge. hole. I ask the guy how long it was since he was out there. He said that he lived in Florida for 15 years and has been back in North Carolina for 13 and could not remember when the last time he was there. So at least 28 years.

Post: Summited Offer on property today

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

it was pretty cool to be honest. I have pics on my camera I will post them sometime.

Post: Summited Offer on property today

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

i will keep you posted my friend. 

Post: Summited Offer on property today

Jerry M.Posted
  • Investor
  • Smithfield, NC
  • Posts 69
  • Votes 8

I got a call Sunday evening about a property. I was told the property was 1 acre with a pond and two homes. So I looked it up on the counties website and Zillow just to get a idea. I was told one was livable and the other one needed some work to get it ready. Asking price was 80K. Sounds good right?

Well I arrived at the homes which you could not see since the yard had weeds 10 feet high. I went in the livable house which was not livable all sub floors rotten, mold all over, windows busted out, roof had a hole in it, HVAC system missing not to mention everything else. So I proceed to the other house it was a single wide trailer that looked like it was build in the 40s with a tree about 15 feet high growing up though the roof.

So I call the owner back and tell him the single wide was not worth anything to me.(I was told they were both stick build homes) Then I proceed to him that I will not be able to offer him anything close to what he wanted.

So I offered him 20k and he told me he would let it rot for that price so I told him I think you have already done that sir.  LOL