All Forum Posts by: Mitchell Lyle

Most of the replies are completely untrue. There are some plenty of people that are legitimately trying to stay sober and benefit from the camaraderie of living with others in a similar spot. Here area few thoughts.

1. Hire a sober house manager who has significant clean time. Recovering addicts will listen to someone who has been in their shoes and is knowledgeable. You can offer free rent in exchange for specific duties.

2. You have to drug test and these are expensive. Factor it in to your costs.

3. Demand they find work within a specific time period unless they are unable due to mental or physical disability. They need to be recievinf governmental assistance in this case and make them volunteer if unable to work.

4. Make them attend 3-5 12 step meetings a week and have them provide documentation similar to the courts.

5. Charge weekly instead of monthly. Eg if you charge 1300 a month for 3 bedroom charge 150 weekly and fill 4 beds (1 room for sober house manager) = $2400 gross. 

Moving to Bluffton/HHI area in June and would like to start marketing there.  Would be fine getting some bird dog fees under my belt as I make contacts and learn the market. If anyone is interested pm me what you are looking for. Thanks!

I have used to search function and everything I have seen has either been outdated, blog topics or other new investors asking questions. What I would like to see are posts or examples of investors who have used these "creative strategies" to derive profit in the past year.

Hi, I am a new member here in South Florida,  I am doing what I think my post people are doing by joining this site. Looking for freedom. I had that freedom before the financial crisis as I was self employed making great money, no boss or schedule. The Great Recession changed all that and I was forced into the rat race which was never a place I ever felt I belonged.  I have climbed my way up to a good paying sales gig, but I want more out of life. Unfortunately, I was forced to file for ch 13 a couple of years ago as I was still dealing with the financial fallout from '08 and '09. Since my financing options are limited due to the bankruptcy I was thinking that lease options were the best best way enter. I have a semi-organized plan, but before I invest a significant amount of time and money I was wondering how many here have actually used either lease options, master lease options or seller financing in the Dodd-Frank era? Have you had success? Thanks in advance for your feedback!