All Forum Posts by: John Barrows

start small or find a seller financing......

Ester,

You can re-finance without being in the property BUT, you'll pay higher costs because (it's a rental) and the loan is a non-owner occupied type loan.

If you want a streamline loan without a lot of costs then yes, you'll need to get your mail at the residence and prove that to be true.

Do some shopping, you'll find all kinds of loans that you can work with (owner occupied and non-owner occupied....

Here's an example, EVERYONE has said, you CAN'T FINANCE an OLDER MOBILE HOME... Well, yes you can and the loans are out there to do anything you want done. Just takes a telephone and time. Good luck

@Melba Chambers start with a condo or townhome then graduate from there... get your feet wet by finding what you’re good at then expand to bigger things from there...

@Renay Reese my employer doesn’t want us to carry but, I do because I work near the airport and people are crazy around here...

@Renay Reese

I open carry sometimes but, mostly conceal carry. The art of surprise is always a better position for protection.

I’m a big guy so not a lot of people screw with me. Here in Seattle (sanctuary city) if you go into the city, you’re better off carrying a conceal!! The criminals here a thick along with aggressive homeless meth heads!

Abdul,

The purpose of two pipes is that the first accepts the water from the above ground and the second collects any overflow and both deposit the water away from the foundation. The 55 gallon drums are placed on the down slope of the terrain encircling the home to the front on each corner, of the home. Once the water goes through the pipes it needs a place to slowly sift it's way back into the ground in front of the building. If you don't have the barrels then eventually the water will dig a hole (SINK HOLE).

To rent a machine is only $150-$250 a day to excavate the dirt from around the home. You will want to hire a Utility Locator service so they can identify where wires and pipes surround the property before starting the project. 

@Jon Lee

Hi Jon, long time no talk with!! I’ll finally be moved to LV in July!

I have the remodeling completed and look forward to the move. I will be looking you up when I arrive.

Look forward to developing a working relationship with you and your organization.

Talk soon, John barrows

@Olivia Davis what are your local laws pertaining to squatting? Find that out first then proceed from there.

If you just bought this property PUT INSURANCE ON THIS HOUSE NOW! Then proceed....

@Michael , the rental numbers seem very low.

With your numbers you have a 10% return (with no mortgage)! Figure 25% down on 800k and interest rate around 7-9% interest.

You’d have to raise rents to break even? Just your payment at 7% is a rough $3,500 mth (without principle, insurance, taxes, utilities and maintenance)... figure at least $5500. Month out lay for everything... now where are you? Now you’ve paid $200k for down payment...also!

@Robinson Parra not every real estate agent is qualified or approved to handle HUD foreclosures!! An agent that doesn't know what they are doing is worse then doing it yourself!

I’m a 29 year veteran and I’ve seen it all!