All Forum Posts by: Account Closed

@ David Moore, it might serve you and your private money people well to consider a JV (joint venture) agreement, especially if you want to structure the arrangement in such a way as to return principal and interest when the property sells.

Also, a JV agreement can spell out exactly where the rehab money comes from and when. Under the agreement, you could open an escrow account (if allowed in IN) and provide for benchmark draws.

I control several properties in northern Indiana, and they are all held in Land Trusts. In such a case, the deed to the property is a deed of trust, the equitable right and title being held by a Trustee.

Thank you, Bob.

Oscar, I think you are wise to hire a licensed electrician. That eliminates any doubt, and relieves you of a great deal of the liability.

If I may offer one more piece of advice? Don't shoot yourself in the foot. You may find a great deal in that town in the future.

You are angry now; give yourself time to calm down, and then have a rational conversation with the person who called you a liar's supervisor. I am sure they will not appreciate that type of behavior from a municipal employee.

Thank you, John. I hope I can be of help to you.

@Brian W.

Thanks for the welcome, Brian.

I sometimes invest in Lake Station and Hobart. I used to live in Ogden Dunes, Crown Point, and Lake Village. I am looking for some vacant land in those areas to build my retirement home. If you hear of anything, please, give me a shout.

@David Beard

Thank you for the welcome, David.

I have been poking around the site a bit. I will use the "Keyword Alert", thanks for the tip.

I started out building garages back in the late 60's. My first investment (1972) was a rehab on U St., in D.C.. After I ran out of rehab shells, I founded American Wilderness Homes. We build kit homes and log cabins in VA and W. VA

My development background is fairly diverse; however, I concentrated mostly in developing small subdivisions, and building SFRs. I kept many of the prime lots for custom home construction. I have done very little spec.

I have done a few strip-malls, 9 mid-rise apartments (11 floors), and a grand total of one office building.

Well, that post took me down memory lane.

Thanks, Wendell.

I am shifting away from the rehab work to develop a larger portfolio of performing notes.

Thanks for the welcome, John. I hope I can help a few people.

Thank you for the welcome, Ryan.

I have been buying both nationwide pools and carve-outs in northern IL and northern IN.

Hi everyone,

My name is Keith Maynard. I am from the Chicago area.

I have 40+ years of experience in RE development, building, and investing. I have slowed down a bit, lately. For the last few years, I have been rehabbing, and acquiring small pools of NP&P notes and OREOs.

I look forward to interacting with like-minded investors.