All Forum Posts by: Rob Smith

 I don't know all the details but here's the just of what a friend of mine is telling me. I give his company a few thousand dollars a month after 4 to 6 months,  he then takes  that money  and uses it to  get a line of credit they also pay 7% on my money I am paying them and then something also about a couple years down the road  they complete some sort of deal that frees up another 20% so in essence I'm getting 10% return on my money a year and I'm getting a huge line of credit that I can use to buy good  performing  real estate. Has anybody ever heard of something like this, he also said it is a 50 year loan that can be paid off much sooner he was describing paying more every month, the extra payment after three years we can either have that money back or we can use it to pay the loan down and he was explaining the resin they do this is to keep money in the account like this because they want to make sure the loan payment can get made in order to make this a  very good performing note that they can sell if they want to. this is the just of what I understood it was about a 30 minute phone conversation lots of information was told to me  this is what I retained I want to see what you guys think and if it's worth getting together with him and hearing more about it 

Hi BP

I have a home in San Antonio Tx close to Locklane Air force base it rents for $1050 a month with a 105 pm fee the mortgage is 846.50 PITI my take home profit is $98.50 as long as there are no repairs or vacancies not a great property I know. Here is my question should I sell it or keep it? In the past 3 years 2013-2015 I have lost $12,690/3 $4230 a year due to repairs and vacancies also it has hi taxes and ins $317.19 a month, should I sell it and if I do what happens with the taxes and write offs I have had it for about 8 years. any help with what I should do would be appreciated thanks

how do you make that @Alex Craig show up as a link

@alexGraig

Hi Alex so you are saying i could get it done for around $200 can you recomend some one to do it for that price

Hi Curt

yes it is, what is the price, do you think I should be paying to have 11 pieces of siding replaced and paint it to match 

they are telling me a hi price in my opinion it can be done for less than what they are telling me it is 11 pieces of siding and paint it to match what do  you think that should cost me 

I have had some of the siding of my rental house blown off in the recent winds I need some one to give me a price to put about 11 siding boards back on the house and paint them to match the existing paint as best they can this is in the 38128 zip code

I have had some of the siding of my rental house blown off in the recent winds I need some one to give me a price to put about 11 siding boards back on the house and paint them to match the existing paint as best they can this is in the 38128 zip code 

Hi @Russell Brazil

Thanks for the info California is to expensive and want to put all my money info one place right know and wanted to know should it be relestate or Mutural funds