All Forum Posts by: Maurice Lightner

@Nate Marshall why is he starting a 2nd raise when he didn’t fully fund the first $50 million? By the way he took the amount invested off his website.

@Nate Marshall how is it doing well?

@Jillian Sidoti was there a statement released about the subpoena?

https://www.sec.gov/Archives/edgar/data/1704303/000147793219000871/tulsa_1u.htm

A lot of the information in your email is well known. I’m not the biggest fan of Jay Morrison, but he hasn’t hid the fact he used to sell drugs. Now he is using the name “Tulsa” to generate more buzz, but no money is going back to the original black Wall Street. And I won’t hold the bankruptcy against either since our current President  

has filed got bankruptcy on a number of occasions. 

Originally posted by @Jeff Filali:

This was emailed to me yesterday.

CAUTION!! Regarding Jay Morrison & the Tulsa Real Estate Fund based in Atlanta.

Jay Jermaine D Morrison is currently in Chapter 7 Bankruptcy in New Jersey and also has a $200,000 judgement against him from defrauding his former real estate partners. He also spent time in prison for dealing cocaine.

He is playing off people's compassion for those involved in the Tulsa Race Riot in 1921 & other people wanting to buy back the block. Not $1 of profit goes to any of the decedents of the Tulsa Riots, or any other non-profit cause, or anything else to do with Tulsa.

Do your due diligence.

Video: https://youtu.be/3DDQQcf436g

So I decided on a single family now I’m not sure if I want rent the other rooms out or Airbnb?

I’m about to purchase a home with a friend of mine. We are going to both live in the house and was wondering what to do with the third (master bedroom) He’s set on Airbnb. We live in Miami and the house is close to a lot of desirable areas, airport, beach arts district. We would list it at $65 and if things go well up the rent. Or we were thinking to rent it out for $950 furnished on a sixth month lease to start. What would you do?

I’m closing on my first house. My house inspection costs $350. Should I tip him or offer him more money to d a thorough job?

I live in South Florida and I was wondering what companies offer the 203K loan? Could anyone tell me more about the USDA loan?

I live in South Florida. Right now duplexes are going for a minimum of $300K in a good area and all of them are pretty much out dated and need work. Most of them don’t even meet the 1% rule. The ones I do find go quickly. Now on the other hand I could buy a single family 3/2 and rent out the other two rooms for $800-$900 and it would cover 75% of the mortgage. Most importantly I would be saving close to $1000 a month on my current rent. And these properties are newly remodeled. Either way my goal is to save $1000 a month, so does it really matter which option I choose because you don’t get rich on your first property.

I’m paying $1800 in rent and although I love my brand new apartment and all of the amenities I’m ready to own my own property. I really want a duplex, but most of them are far from where I work (40 minutes away) and the numbers just don’t add up when I run the reports from this website. I just came across a property recently remodeled in a sketchy, but up and coming neighborhood for $220K. It’s a 2/1. I could get 100% financing and I’d have a roommate line up. My mortgage would be about $950, but less than $200 with a roommate. I really like this property or should I wait for a duplex in the same area? Most of the duplex I came across so far will need some work.