All Forum Posts by: Larry Moore

Personally, I think it will become more difficult for the quick flip, back to back short sale investor, and perhaps that opportunity will disappear altogether. But distressed properties in need of more than cosmetic repair, that are rehabbed before selling 90+ days in the future will probably still be viable for short sale investing. Hope so.

I would tell him in a blunt, matter of fact way that he has answered his own question, that if I accept his offer, he will see it on the HUD1 at closing. End of conversation.

I think you will have to play it by ear depending on different factors. As Marc suggested, you can spruce it up as much as possible, but depending on weather conditions, it may be a waiste of resources. I sold a house last December that had a good foot of snow covering the property. The yard wasn't bad, but if it had been summer I would have put in flowers, etc, to improve it. They were getting a great deal on the house, so the yard wasn't a factor in their decision. Depending on the price range of the homes (under $100K in the above example) and the discount they are getting, a somewhat not so great yard may be a sweat equity factor for the new buyer. If the yard is really bad and covered under snow so they won't know until spring, you may want to give them a credit for new sod, etc., just so you feel good about the deal. For more expensive homes, you may have to provide the credit as they will expect the property to be in top shape at that price point. Unfortunately, in snow states, there isn't always much you can do to rehab the outside of the home when the weather really sucks!

Their only problem is that they all copy each other, so it makes them easier to spot. They were using a Star Wars theme recently to sell someone's "Blue Print", so all of the e-mails that had a Star Wars reference in their subject line were immediatley deleted. It's almost comical how lazy they are once a promotion is rolled out with their identical e-mail promotions. I mean, how many e-mails about Luke Skyflipper, or whatever it was, can you read before you start pounding the delete button to make them go away?

Personally, I don't think you need to buy into J. Alexander's system to flip REOs and short sales. I believe he wants about $700 to join and be eligible to use his funds. Plenty of other sources that don't charge a joining fee. I know he provides a lot of info and training, but you can get that here and through other sources for free or close to free. And one thing that John doesn't offer, or at least not to the extent that it is available here, if you have a question you can get it answered from real investors, usually with more insight into the question than you may have originally had when asking.

I wasn't aware that I had made an analogy. Obama supports the public option, but when asked if he would participate in it, he sidestepped the question and showed a lack of personal support. In other words, he espoused a belief and on that specific occasion, he did not take action to support it. My opinion.

As far as my opportunities to work for a company and be fully vested for a pension in a couple of years, guess I better look into that.

The old "do as I say, not as I do" adage. Aptly displayed lately with health reform, payment of taxes, use of corporate jets, etc. What was Obama's response when asked if he would be covered under the same plan provided through the public option? It must be nice to be able to make the rules for everyone else, exempt yourself from the ones you don't like, and make new rules that benefit only the rule makers. Wish I could work for a company for a couple of years and receive a pension for life.

Craigslist has worked very well for me. I always check my competition for my current listing, post my best photos and give them a bunch of reasons to want to look at my house (every positive I can come up with). Haven't had to use the MLS yet, although I have considered the flat fee listing as a back up. I have seen fees as low as $300 in this area.

Big thumbs down! If the democrats, lead by the witch Pelossi, had the backbone to take on trial lawyers and include tort reform, at least they would be showing some semblance of concern for true reform. But true reform isn't their prime agenda, and what they are doing is just destructive.

One thing that made it easier for me to call prospects when I started out in the Insurance biz years ago was to separate the dialing of the calls from talking to the prospects. I would have my calls lined up for the day, and would dial up the first number without thinking about it. It was just a mechanical movement, like I was punching in my ATM number. Now that the phone was ringing, I would think about the actual call. However that call went, as soon as I hung up, I would immediately dial another number. Have the numbers to call lined up, so the next one is right in front of you and you don't have time to think about it while you are looking for the next number. Soon it will become rote and you will be dialing away without any fear or nervousness. After doing it for a while, your confidence will build and instead of fear, you will only have to deal with procrastination. Same cure, just keep dialing.