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All Forum Posts by: John Johnson

John Johnson has started 0 posts and replied 7 times.

Post: Post inspection strategy

John JohnsonPosted
  • Posts 9
  • Votes 0

You made an offer for $32,000 when the asking price was $44,000.now you want the bank to take another $5,000 less?just because it needs repairs? I think you need to understand that you got yourself a house for so cheap because of the bad shape its in. Sounds like you want the bank to give the house to you. Don't be greedy
You're geting an excellent deal at $32,000.

Sorry, fellers, but I stand by my post. Flipping has become big business. You guys do it for the money. No other reason than big bucks. Investors buy up all the cheap properties that should be bought by lower income folks who can't afford a $100,000 property. You gobble up the under $100,000 properties and turn around it sell it to the rich. This leaves the lower income buyer out of the picture. This is a large segment of the population that you cut out of the home buying picture.

I know this will elicit some angry responses, but the truth is evident.

Post: Fannie Mae house

John JohnsonPosted
  • Posts 9
  • Votes 0

Totally agree with Jon. People with bad credit should not be buying a house. Too risky and they have just shown they cannot manage their money. We live in an instant gratification society. I want it NOW, NOW, NOW!

Your client has too much debt. What business do they even have buying a house??!! They should be paying off what they owe first.

If you really care about your client and are looking for their best interest, then honesty is best. Why let them make this huge purchase, a house, when they are drowning in debt?

Things were easier for flippers back when it was a new thing. It was the way to go and make big, big bucks. Then came the TV shows like "Flip This House" where the behind the scene "secrets" were exposed. Gave flippers and flipping a bad name. You got guys like Armondo who was doing it to make millions at all costs, even to the extent that cheap materials were used and short cuts taken.

Flipping just isn't good business period. Its one thing to buy a house, live in it and lovingly restore it and resell in a few years. Its quite a different thing all together to flip it in 30 days and stage it to make it look good on the surface.

80% occupancy doesn't sound like a high vacancy rate to me.

Post: Weird inquiries

John JohnsonPosted
  • Posts 9
  • Votes 0

I have sent text messages to realtors, landlords, etc and never get a response. What's up with that? Don't they know how to text? :roll:

Craigslist is a joke. The Rant and Rave section is full of nutcases. Even their discussion forums. You gotta be kidding!