All Forum Posts by: Kyle Gregory

how can the government regulate how long the banks can hold a piece of property they own? Now if you find a formula that will tell everyone how long or how low a bank will go on a REO then sell it, because you will be richer than bill gates :lol: :D

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Originally posted by "PNW":

IOn the other hand, everybody in the oil industry now knows they can charge that kind of price and the consumers will pay it.

The oil industry can charge whatever they want and the consumer will pay it!!! I asked this question of my brother a year ago, and at that time he was dead set against any regulations..... What other product that is produced can have as big affect on the economy, other than oil?

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yeah good luck with this one... you will probably find that sure there are SOME (a very small percentage) of those that are in foreclosure actually care about how or why they got there... A

And where do you care where the people being foreclosed on live?

Originally posted by "Licwidsand":

I would suggest buying some properties to develope a strong cash flow and then helping out other people. One of my end goals is to help people become financially literate. After you have a strong enough cash flow you can buy a small apartment unit and trade rent for equity.

IE: If you are trying to buy pre forclosure, the biggest hurdle is where the sellers are going to live. You can move them into an apartment you own with the rent paid for for X amount of months and give them some cash. This way you are helping them get on there feet, giving them a place to live, and you can even spring for a financial teacher if you want.

In this case everyone wins. You make money off pre forclosed houses and the seller has a place to stay with a really strong head start.

It's good P.R. too.

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alright tim i am getting around to read this one... and really? you are going to get lucky and you say NO because you have to scout property?

I think some more testerone is in order :lol: :D

Originally posted by "TimWieneke":

You know you're a real estate investor when an attractive young woman invites you to her house at 9 p.m. to "drink some wine" and you turn her down because you want to scout property early the following morning....

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sounds like those couple thousand bucks you saved during the divorce is going to cost you a lot more than that :crying: but if you want out why not just offer him such, tell them "if you give me x amount of money i will go away" ?

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now this will probably not be a nasty divorce... or should i say too nasty.. We have no kids together and spousal support is not an issue.. and as of right now we have everything split up and taken care of...

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well I have been collecting $1000 a month in rent on a $450 mortgage (that covers taxes and insurance). In addition i have making all repairs by myself (that is another story, i had a friend that was going in this with me but he backed out 2 days before we closed) .... That property is in both mine and my wifes name and she wants her name off of that... Also I was going to refi to get cash out and pay off the balance of my car, which would leave me with a debt of only $5K to pay off.... and give me a nice cash flow

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All Forum Posts by: Kyle Gregory

Kyle Gregory has started 13 posts and replied 146 times.

Post: Negative cash flow...please review

Post: FINDING THE HOMEOWNER!

Post: how to find the owners of vacant properties?

Post: REO regulations

Post: Are oil markets experiencing a bubble?

Post: Help me choose a foreclosure system

Post: You know you're a real estate investor when...

Post: LEGAL. It's a doozy!

Post: refi rental after divorce

Post: refi rental after divorce