All Forum Posts by: Seth Williams

Ron, are you going to have a mortgage on the property? If so, what will your interest rate be? Also, what is your required down payment, and how much will you have to pay for closing costs?

Without knowing 100% of the data, it looks to me like halfway decent deal. Not bad, but not necessarily a "grand slam" either.

I've got a pretty simple calculator I can send you think it'd be beneficial. It's not difficult to analyze a deal like this with the right excel spreadsheet.

Hi Jeff,

Welcome! I'm new around here too, but it looks like a great online community.

Hey Burt,

I don't do a round 2. I just do one campaign in an area and then move on. Where are you getting your lists from? Perhaps there is some refining that can be done?

Hi Gabriel,

I've closed about 95% of my cash sales in-house. It's not difficult, but it can be intimidating if this is your first time. This post from REtipster might help you: http://retipster.com/how-to-do-your-own-closings-in-house/

Also, for a purchase agreement - I've played with a few different templates in my time. If you're looking for a free version, you could always use this: http://www.lawdepot.com/contracts/real-estate-purchase-agreement

I think you could also find a more "official" template at USLegal here: http://www.uslegalforms.com/mo/MO-HOME.htm

Once you have the purchase agreement signed by both parties, you can pass it on to your title company. If you're driving the transaction, then you can probably feel free to choose the title company - but this decision (and who is paying for the closing costs) should really be laid out in your purchase agreement.

Good luck!

Seth

You know Travis, I love this post. It is really cool to see how many investors are completely living off of their real estate businesses.

I'm not technically "full time" yet - but it's not because I can't. I've come across a few deals over the past few years that have netted me more money than I make from my annual salary.

When I get these big cash payouts, I plug almost all of the proceeds into rental units (to build up some passive cash flow). I also save every dime of rental revenue that my units generate, and reinvest those into new rental units as well.

The ultimate goal is to have enough rental income to completely replace the paycheck from my job - and my hope is that I won't start living off this money until I can be 100% reliant on it.

So I guess the question is - if you have a big windfall of cash and can technically quit your job for the next 12 months, should you? Or is it better to have a solid foundation of dependable income before jumping ship?

Hey Antonio,

I was one of Jack's first students back in 2008 when he first released his "Land Profit Formula" course. While I haven't jumped into his new "hidden tax sale cash" line of business (because in my opinion, this particular system is a little over-hyped), I know that it is a legitimate way to make money in certain states.

All in all, Jack Bosch is the real deal. His systems work very, very well if you're persistent and stick to it. I've done 70+ deals using his system and have made tens of thousands along the way. I wouldn't hesitate for a second to recommend the guy.

Not sure if you ended up buying - but if so, let me know if you ever need help figuring out the details with this system.

Seth