All Forum Posts by: Myka M.

Welcome!

Welcome to BP. I hope you enjoy the site as much as I do!

Originally posted by Tim Wieneke:

BTW - this one's for Eddie whenever he reads this thread. You can write a SNL style short for one of your hollywood buddies of Mother Theresa accepting her Nobel Peace Prize only to get interrupted by Kanye West who talks about how much better Obama's Nobel was.

:lol: Hilarious! :shoot: Like that smiley... You killed it!!

:welcome: As I have mentioned here in a few places I am looking to break into a couple of different areas of real estate... one is rehabbing and the other is commercial. I found another commercial deal that I really want to look at, but that is not why I am here.

I was thinking of ways that I can acquire the building and came up with an idea. I wanted to know if any of you would consider doing something like this...

I need to add to my money down on a property, I may want to buy and hold or fix and flip. In both situations I want look to other investors for down payment assistance (so to speak). Let's say I need $5000 extra and I offer 200% return on investment.

For instance: The terms would be Investment $5000, No payments until property is rented, then something like $1,000 per month until the investor gets back $10,000. Or if the property is a rehab and flip then the investor would get hack $10, 000 at closing (after rehab).

Does this sound crazy to any of you or is this something that any of you could see working? Please give any insight good or bad.
Has anyone used this type of investment before?

I am starting to think all of them are like this.

Don't forget to mention me! I'm The secret attorney for the boot camp course. Don't tell anyone I told you. Just call me Double O Doofus. I'll back you 100% in court on this course. ( But you can't reveal my name that's privileged info ) Plus...I won't charge you a dime if you lose your case in court! :goofy:

Great Responses! is there anyone else out there that would like to share?

Okay... I'll break the ice and start. My first deal was a lot from the city. Horrible experience.

i bid on a house before viewing it or even driving past. There was no house when I got there. I still have the lot still paying taxes on it. My goals when I first started were to become a rehabber. I got the idea from HGTV of course but I have always loved Real Estate, always!

I am doing wholesale flips now but still have an interest in rehabbing... I am kinda stuck because the flip is so easy and quick. I have three rental properties and have yet to rehab anything, I guess time and fear is holding me back from that.

What I am doing now is totally different from what I wanted to do at first and the advice I would have given myself is JUST DO IT! It took me forever to finally step out there. Another piece of advice would be not to paint that basement myself last year! :cap:

Originally posted by Jon Holdman:

I don't accept partial payments. If its late, they pay the rent plus the late fee or they pay nothing, and I proceed with the eviction process.

Jon that is a good one.

Pm me, I found a poster that is looking for buyers of these. I am afraid to post the address, even though it is listed here on bigger pockets. Marshall Adams is the users name.