All Forum Posts by: Joshuah Mundy

@Thomas Towner

PMI property management and innovative property management.

@Mike S.

Thanks for your facts

@Jason Duncan

I would use Cashflow to cover that. But if they will cover it why not

@Mike S.

Every house I've looked at isn't affected by the water. Plus water purifiers are included in my rehab price. It's nothing like media portrays it.

I have talked to people who own homes in southern Flint and Mott Park. I see the numbers and I don't know why not. I've run my numbers on high vacancy and with conservative numbers.

Does anyone invest in Flint? Why? How is it going?

Has anyone invested in Flint? Why don't you anymore? Would you again?

I would appreciate all the experience you all have.

And we don't need anyone saying "it's ghetto" because duh. Most of Flint is nothing like the media says.

I'm looking for facts. And experience. Thanks all!

@Jeff Adams

Look up Alan Cowgill. he has a system that teaches you how to find private money from Friends family and associates. He also teaches you what the rules and regulations are to advertise and find private lenders that way. But really if you find a person or a company's system and you like it, buy it and only do that. Obviously check reviews. If you stay consistent and persistent I believe anyone can become successful.

I hope this helps. And I wish you luck on your future success!

@Jason Duncan it's really up to you. I would make sure you have a legal contract when it comes to everything. Include exit strategies for different scenarios. And I would make sure you and your partner discuss when and how each expenses are paid. Communication is one of the most important parts of a partnership. It's literally a marriage. And if it's not (let's say your partner isn't included in decision making) make sure that's drawn out in the contract agreement. They may own 50% but control 0%.

I'm starting to focus on finding private lenders. I am learning about SEC rules and regulations. Does anyone have input on how they have found their lenders. Also what rate do you pay/offer them? Do you pay them monthly or yearly? So you have a securities attorney?

I know I have a lot of questions, but I want to make sure I'm doing everything right and treating my lenders the right way.

Also I'm in Michigan between Ann Arbor and Flint. Thanks all!

@Katie Miller

This year my wife and I are starting to find private lenders for our deals. It's been hard to make offers on multiple properties because of available funds and credit. So we are putting together a system to find private lenders. We are making sure it follows SEC rules and regulations.

And toward financial freedom...

We are on track to be out of all debt by December 2020!! We are also making monthly payments to ourselves for travel. Travel is one of our goals so I made it a monthly "bill". And staying frugal even though our income is increasing.

@Salvatore Lentini Having too many ideas and not knowing how to fix my focus on one or three even.