All Forum Posts by: Joe Kling

There should be a template form somewhere that just releases the second tenant from the lease. Someone just needs to say "sign this and I won't screw up your credit rating with an eviction, and then your gone". We've done it before.

Personally speaking though, we are taking a dim view on friends renting together these days, and new unmarried couples. We are landlords, not counsellors and not arbitrators. We started getting very tired of tenants standing on our doorstep telling us their woes.

TiVo only has a 30 minute buffer.

Hello BP community!

I am wondering if some of you make exceptions to the 70% rule in some cases. I have one in my sights and am in communication with the very motivated owner. Time is short for him and he has agreed to sell for the ank payoff, which in this case is 303K.

The place is upscale and immaculate, and repairs are under $8,000 and house could list in less than 2 weeks.

Comps in the immediate neighborhood dictate listing at $360-370.

The market is Northborough, MA and the absorption rate here is positive.

The 70% rule says I can't pay more than $252K for everything. 

Do you make an exception here?

Thank you all in advance for sharing your experience.

Ok.. It sounds crazy. But we have helped over 5,000 satisfied customers get cash lines of credit. In fact, we've put together $425,000,000 in lines of credit since 2008.

To be fully transparent, the process works best if you have a FICO score of at least 700. But many Real Estate investors with lower credit, simply find some one with good credit and split the deals.

We also have attorney administered programs to help get your credit to above 700. It just takes a little longer to get the funding.

• Here's how it works:
• Fill out the form at www.flipfunding.us, it's only 5 questions.
• Speak to one of our flip funding specialists to see how much you qualify for
• Finalize the app with our specialist - takes about 20 minutes
• Access your cash line of credit - takes about 2-3 weeks.
• Go close your next deal

We think outside of the box for flippers!

Use your cash line of credit for whatever is needed to close the deal. Including paying yourself you want.

Once you flip your property, pay off the line of credit and start over.

All with 0% interest on the line of credit. We simply charge a flat fee to set up the lines of credit.

• No collateral
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Let us help get you the funding you need. 800.918.6445.

Tom McLelland

I'm sure it looks too good to be true. We charge a flat fee to produce the cash lines of credit

BTW here is one of two methods to use to determine an area to market to for buying houses. 

VestorTech.com is doing a paid internship for people wanting to seriously learn how to wholesale property deals.

Call 1 (844) 334-7332 or email [email protected]

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Thermo-nuclear war. Or the mass disappearance of renters, aliens. Or the election of Obama for a third term. Or the continued expansion of the EPA lead paint rules. There are so many reasons to fear.

I have a brother-in-law who keeps telling me the business sky is going to fall for many reasons, including the price of oil, lack of water,......you name it.

I just keep on trucking, buying, renting, selling, building. What else am I to do? Sell out and move to the hills.