All Forum Posts by: Kris Haskins

great biz from what one of ky late mentors used to teach. ive never had luck w mobile homes but this man has. Check out "deals on wheels" by lonnie scruggs. This book spells it all out. He made millions in mobile homes. I found the mobile biz challanging as the park manager or current owner would always hv an issue with me making money on their turf. Let us know how it goes and if this info helps in any way pls vote on this post. ?..

great topic as we all hv this problem christy, in our area, hampton roads, I pay $50 per month to access the actual courthouse database. Make a call or visit ur courthouse to ask them if they offer "remote access" for people that cant visit the courthouse frequently. I hope they do. But make sure u dont buy a house at 4closure auction based on ur search. We just do a basic prelim seaech to see what liens are present. We then pay for a current owner plus 1 back search from a title company. The title co. Has errors and omissions insurance. U prob do not. So make sure ur searcher has e&o but yes, do a basic search on ur own to see if its a good deal. If this info helps in any way, pls vote on this post.. good luck.

Hey dan I like the way u talk.... no, u cant depreciate the house if bought in a sdria, hv no idea about this 401k mentioned above. We do partnerships in our sdria hence being able to write off a portion of the depreciation, if u even need to. I vote sdria or sdr401k all income is tax free. if this info helps u in any way pls vote for this post

ok I have 5 section 8 units and the are the best. I must say that we do very intensive screening so I know exactly who's coming into our unit. We even doa current home visit to verify they keep a good home. I recommend sec 8 for new investors bescause sec 8 annual inspection will help u keep ur house in shape as well. I got tired of each and every month feeling like im pulling a las vegas gambling machine switch wondering if im going t8 get my rent for the month. With section 8, I can sleep a lot better. Another plus is that section 8 tenants dont like to move. 8ve had some tenants for 5 years and I get to raise the rent every year. Wouldn't trade it for anything.... if this info helps u in any way pls vote for this post.... good luck

what info are u questioning exactly as ur post said "facts"

good points. There could be any number of reasons why a seller wouldnt try to liquidate their house or risk losing it instead. Let's see, could be a family house they're very emotional about, could hv filed bankruptcy and is working on a loan mod, could hv a settlement pending and getting some big cash payment soon. I could go on, and on about different reasons. They are prob emotional and dont want to move. They could've inherited it and feel like they could never find a better house, I wouldnt get too caught up in why people dont do things thats the best for them... if that was the case, everybody would b in real estate.... I know its tuff watching foreclosures get canceled, im in the same boat. I hate it toom but a necessary evil for large pay days.... if this info helps in any way pls vote for my post..... good luck

such interesting info on bp and many times I've stated that real estate investors are like nfl teams. Every coach feels like he's doing the right thing at the right time to win. We've been wholesaling houses on the mls for years. very possible, easy and probible. Bank reo's, shortsales, private owner's etc. Our offers are typically not the highest. Hopefully u can make ur own decision whether to use a realtor or not. This reality doesn't hv to be urs as I know some investors still dont believe an reo or a shortsale can even be wholesaled. all markets are different as in virginia beach, where I am, there were no deals on the mls until 2008. Before that, all prices were too high. I couldn't survive with out my agent, she does all th3 paperwork and we show up for closing... if u want an agent to send u a cash buyer list for the last 6 month, just give them a small fee. If this info helps in any way, pls vote for my post..... good luck

do ur own research and try to get some referrals.

hey Jonathan, sounds like u hv ur head in the right direction. I truly wish I had a nickle for every time ive heard a coaching client or person say they dont hv the money to invest. I think most of us old guys started off with nothing and just over time got in the right equity positions to get some serious backing. As for assumable loans.... dont think you'll find any of those unless ur speaking of non qualifying assumptions, they're everywhere. But u need specialized knowledge to put those together...... I hope u believe when I say, u dont need ANYof ur own money to buy a house. Most of us dont use our money, we use other people's. If ur looking to acquire real estate, perhaps you could work on mastering the art of using opm. It is an art and not as we all have our own little systems as u will as well. If this info helps pleas vote for my post, goodluck in 2014. Remember u must believe it can be done 1st.

Hey brandon, our market is very healthy let us know if u need any mentoring or rei info. My coaching club meets 1nce a month. Get some great training on the site www krishaskins.com its free.....