All Forum Posts by: Mitchell Jaggar

 Thanks for the response  but do you mean I lease or that I offer a lease? 

I've been working on starting a flipping business. I have a business plan and have been doing my research on properties both buying and selling and am very confident this is a good market here in East Texas. My concern is that a big company here are laying off 50% of their workforce wich will probably end up to be around 1,000 employees. On top of that one of our hospitals are being sold so people aren't really applying for jobs there because of the uncertainty.

So my question to all of you is if this should be a big deterrent to wait on my plans to flip houses?  

Personally I feel that tattoos don't really matter these days. I have a tattoo on my neck and my family has never been bad tenants. Actually we always get told we are the best tenants that they've had. You shouldn't write someone off just for what they look like. 

welcome to BP.  There is tons of information here.

What exactly do you me in underwrite ?

I probably should add that I have looked at a lot of the blogs so I know how it works I pretty much wondering what they expect. Do they look at credit? Do they want money down? Do you pay every month or do you pay once you sell the house etc.

I'm about to ask a relative to go in with me to flip houses. They put up the money and me do the work. If that doesn't work out I've been thinking about turning to hard money lender. 

For someone that hasn't ever done this before what do I need to know before going to a hard lender.

Yeah thats what I was thinking. Do you feel this is a real strategy though? 

Just watched his webinar and this makes sense with foreclosures. Has anyone used this system? He wants $895, which I don't have. Is this worth it? I feel like it is probably a good deal for what he is giving. There has to be a way to do it without paying almost $1,000. If I understand this correctly you are having a foreclosure owner give you the deed and then turning around and selling the property. Is this about right? 

Any thoughts about this would be appreciated.