All Forum Posts by: Randal McLeaird

Thanks guys. Yeah Eddie Speed is local Texan and I missed an opportunity to go hear him. I'll dig some and come back.

Thanks

hey guys - I'm just starting out in the note world and wanted to get some advice on what to read. I'm going over these posts but I'm also a big fan of audio books and normal reading.

Can anyone recommend some good books that deal specifically with notes. Or good authors who really know the business.

Thanks

Oh so true. Just let it die this morning after that post.

All good. Got an approval letter on one a few minutes later so I'm happy with the day.

Originally posted by Jon Holdman:

Someone who's actually worried about their credit doesn't do either of these things.

Yeah i don't disagree with you. And the reading I just did on a few other sites backed up what you just said. This is a difficult situation bc a divorce and one party wants to sell and the other party doesn't. Problem is, the one who doesn't want to sell is the one not making the payments and bringing down the partners credit score by no fault of her own.

Its a tough deal but I already have the whole package at the negotiator so I'm trying to salvage it.

Hi All -

I just had a home owner tell me he did some research on short sales and he found that his credit score can/will drop 150 points...

I'm hoping someone on here can tell me what experience they've had with any owners they've worked with in the past and if anyone knows the approximate drop in credit score when doing a short sale compared to letting it get foreclosed.

I need some ammo going into the conversation.

Yeah Scott, if you can get more info over to Joaquin or I that would be great. We're sitting on a few right now that I want to torch but if we can get in on them that would work for us.

Just listened to it. Good stuff

ok, got an email from my private money guys who suspended lending until they got more answers. They've started lending again based on the following link

http://www.sml.state.tx.us/tdsml_important_information.html#safe_nmlsr

click on the second link that refers to seller financing

Well guys, since that post I've got two sweet deals under contract. I appreciate the advice. I've never really strayed from my formula and all the deals I do get are solid. So, not really worth crying over spilled milk on the ones I don't get....just want them all!

Hi ladies. Good to see you're interested in the U.S. market. I was living in Australia for the last 3 years and that's where I started my investing. Had been working as a loan officer here and learning but didn't actually buy anything. When I got to Aus. I was hit in the face with the FIRB and the min 35% down payment I had to invest in order to obtain the properties. I was just getting into sandwhich lease options thanks to the famous "We Buy Houses" guy there...(can't remember his name) and then my wife and I moved back to the states.

I'm not sure if there is a similar barrier to entry for you coming to the US but I'd look into it. Also, you didn't specify what type of investing you're going to do. Buy and hold, rehab, multi fam...? And where? For what it's worth, my attorney told me that you're best getting your LLC established where you're gonig to be holding the property. I'm sure there are a ton of differing views but that's the one I've got.

Went to Melbourne for New Years in 2006 and loved the city. We were living in Surfers on the Goldie for the 3 years and loved every minute of it. Miss the beaches and Surfing! Not too many waves in the Gulf of Mexico.