All Forum Posts by: Kenneth Mooney

@Winn Merwin I second Winn @Mitchell Thompson. Would be happy to answer any questions you might have regarding Augusta.

@Cam Chan would love to help any way I can. Feel free to connect with me and I’ll shoot you my phone number.

@Brian Boyd love it! Congrats on the deal! Do you live in Chattanooga?

@Logan Causey the market is cyclical. It goes up and goes down. I don’t think we will see it nearly as bad as last time because of the new lending laws. That being said the lending laws are loosening. It will never get back to where it was though.

The thing I’m curious to see how it affects housing is the student loan debt. The buyer base is going to dwindle as time goes on if nothing is done.

You’ve really got two types of markets though , coastal and inland, so it really depends on what type of market you are in as to bad how things will be.

@Alex Washburn were both units purchased in Costa Rica?

@Ty Cover it really just depends on how informative they are about what they want you to fix.

@Ty Cover I’m a landlord of one S8 resident personally and she’s great. I think it’s like anything else and there can be some nightmare residents. The biggest issue we have in my city is the annual/bi-annual inspections. When they give you a “failed items list” they aren’t always real specific as to what those items actually are which can cause problems in getting them corrected. I’d keep an eye out for that.

@Jay Hinrichs he doesn’t represent himself in any transactions. They’re all cash deals (never financing) and in GA attorney represents buyer in cash deals.

@Chris Gaston how many units?

@Travis Ward-Osborne sounds like you’d have to pay off the first mortgage balance. I’d contact a local attorney (possibly offer a partnership to them). I’ve got a close friend who is partnered with an attorney and they get great deals on tax lien properties quite often.