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All Forum Posts by: Debra Leeson

Debra Leeson has started 2 posts and replied 72 times.

Post: 401k loan

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

BIG BIG BIG penalties to borrow from YOUR 401K.  Someone else with a 401K could lend you funds.  you return their funds plus a flat 10%rate.  They get tax free money. Your the money use need minus the BIG BIG BIG penalties and the profit from your rental.  

just my two cent worth

Post: 401k loan

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

Why do you want to borrow from your 401K?  BAD BAD BAD idea. Why?

Post: Doctor's note for cats?!

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

I have hear of therapy or ESA animals being a dog, or cat, or mini-horse, or monkey, or bird.   I'm just waiting for the first time I hear of an ESA pit bull.  It could happen.

Post: Doctor's note for cats?!

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

Therapy animals MUST be accepted.  A letter from a doctor is enough.  By law, you must accept the pet with no deposit fee, no extra monthly fees, no other request of other document.  

To do other wise COULD result in a very big penalty for you and a nasty law suite.

Yes, you are screw.  To do any things else MIGHT be your biggest loss.

Post: Patrick Riddel

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

I'm a Josh Cantwell student / alumni. His program on PM is the best I have seen.  

Don't know a thing about Patrick Riddle

Post: Anyone ever used this stuff?

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

Like Rick B., I would be like the hammer looking for a nail scenario.  I'm hoping that somebody out there in BP-land will try this and give a review.  Also hoping that the product is not price prohibitive.

Post: New member - Columbus, Ohio

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

Your first stop should be COREE.com

Your second stop should be a COREE meeting. Central Ohio Real Estate Entrepreneurs next meeting is Tuesday, Sept.2 at 6pm.  Tell them you are a quest of Debra Leeson.  

I hope to met you there.

Post: Construction cost

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

I a newbie, but...

I use hammerpoint.com and it's free

Post: Good terms for private money

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

to me, sounds great!  I would / will take those terms any day, all day long.

Any offers from Private Lenders to lend me capital at flat interest of 10%.  no payments, balloon in 6 or 12 month

Post: Is my first deal a bad one?

Debra LeesonPosted
  • Investor
  • Columbus, OH
  • Posts 74
  • Votes 23

Never use zillow to calculate your ARV. NEVER NEVER NEVER use zillow to cal acute you ARV

Do use zilliow to get a general ideal of the market ( and assume their zest-a-ments to on the high side) and gather great info on general info, pictures.  

True ARVs are gathered thur: 1)MLS 2) Haines Cris Cross 3) county records 4) etc.