All Forum Posts by: Robert Herrera

@Tracy Z. Rewey Can I assume the loan, and bring it to current? That way it becomes a performing note

Chris Pasternak Gregory Flores, Jr. Yes... Pueblo is awesome to invest in. I’m buying a portfolio of about 6-7 units hopefully this week. Cashflow is through the roof. Also with the new $25Million Minor League Baseball Stadium going in, new highway roads, new exits, etc. old neighbor hoods are getting too expensive for the trouble makers, so they are moving to the smaller towns and out lying areas. I BUY IN ALL AREAS AND IN ALL SIDES OF TOWN. Yes that includes the Lower East Side Right Next to the Bars, salt creek, the county, etc. New roads and sidewalks there. I also have some knowledge on some area buildups, because I’m involved in some big projects we are working through, to speed up the process. 0% vacancy rate for me, as there are nowhere near the amount of rentals needed. Good luck out there! Happy Investing Everyone

Robby Randall if they are saying it’s super expensive just to Add A Name, that’s a red flag. They know how to milk more money, in my opinion, and would ask a for a couple more opinions from other professionals in the industry

Devin Borders this is going to be tough. You are allowing the home owner to live in a house they already live in. What is market rent, and how much is the payment? Are they willing to pay market rent? If you take over the mortgage still In their name and they refuse to move, what do you do?

Todd Libby hello. I’m interested. I have a deal looking to get done. Contact me

Tony Marcelle Cash for Keys is paying your tenants to get out. That means they clean the place and get their stuff out. They are less likely to damage anything, since they don’t want that to come off of the money. I set aside $1,000 as a Deposit. I tell them the remaining $4,000 is non-refundable. I explain the deposit is their “walking money.” I just give them that $1,000 Check when they hand me the keys to the house. Once I Have Possession, I give them the money. Quick and simple. No court, no waiting. It’s cheaper in time and money overall, if you use a lawyer and professional services. You can always do this yourself of course.

Michael Wentzel yes... haha it’s sinking in a way

Tony Marcelle it’s because they don’t understand then enough to enjoy this type of investing. Everyone says the same thing. They done want to sell it, don’t want to lose the appreciation. They also say they never work because very few ever execute the option. I say they are looking at it backwards... Because few ever execute, you don’t have to worry much about it selling. It’s ok if they down execute. You actually make more money. Let’s say someone puts a $5,000 Non-Refundable Option fee, then they default later down the road. You pay them $1,000 for the keys. (I’m big on cash for keys) then you turn around and put it back out there. Now you got another $5,000. That’s $9,000 in your pocket in options fees. It happens all the time. You also get good a good amount of Cashflow.

I have contacted the probate lawyer at this point. He needs someone to bid on the house so they can see what can be done.

Jason Eberhardt Michael Wentzel I am having a crazy issue. The neighboring house to one of my rentals is causing problems on my house. The home owner just passed away, and the estate is in Probate. The ladies son let some people stay there. They are basically squatting at this point and the sewer is now an issue. It’s caused one of the rooms to drop about 2 inches away from the house. How should I handle it? Who to call? Anyone know someone who can fix this