All Forum Posts by: Ryan McKinney

@Tommy Adeoye Thanks for responding. I believe he may be open to carrying paper. What is one way that option could work.

I am a contractor and I have a client who is interested in liquidating some of his properties. He has stated these are single family. I have seen a few of his multi familys and would say they are C to D type. Im guessing the ones he wants to get rid of are probley similar. My credit is about 750 and I have about 50 k in cash and 15k in availible credit. The reason im looking for 0 down options is the prop. probley wont be a big discount but if I could get a cash flow with no money down then maybe it could be a win win. Would anyone like to share some 0 down scenarios?

@Jason Pritchard I am interested. I have been to one of your meetups and appriciated your information and openness. I would like to talk somtime at your convienience. It would not let me post my number. I am on you fb page or dm me.

@Will Fraser Thanks Will!

I have been a contractor in the Fresno area since 1997. I also do home inspections. I am looking for partners or deals with equity. My credit score is about 750 and I have 50K in cash. I would like to do some flips until I have enough cash to brrr. My ultimate goal is to buy and hold.

My only other attempt at a flip was a fail. It was 2007 and I bought a 2800 ft² home on a 15000 in Lemore for a $125000. I put $100000 into it and had it sold for $325000 then the bubble happened. I rented it for a loss for about 3 years and then lost it in foreclosure. It took all this time for the forclosure to come off my record. The bubble was a big factor but I made many mistakes.

In these new economic times I know there will be some good deals to be had. I look forward to working with others on bigger pockets. Whether that being buying wholesale deals or partnering. Stay safe I look forward to hearing from you.

If a product could rejuvenate comp. roofing @ 20% cost of new would you be a customer?

There is a soy bean oil product that can be sprayed on composition shingles and it makes them plyable again. Like from bend and crack to bend and flex back. It even brings the original color back. I have seen it. The question isn't does it work. The question is would it be worth it to get five additional years for 20% the cost of new. It can be reapplied every five years a total of three times. So is 60% cost of new worth 15 years? Seems steep to me. What do you think?

My actual insurance number came down to $50, so that helps alittle. Im going to upgrade the empty unit as soon as it closes before I rent so I maybe able to get alittle more. This duplex is in Sanger. Fresno for a  like price is scary areas. 

@Latasha Griffin They are my favorite breed. They have been my most loving loyal pets. There are no bad dogs, only bad owners. This is a problem though, and thats a investors job, to solve many problems. One way is to walk away. Problem solved, but if the dogs are the only problem I would try to solve it in one of the many ways people have suggested.

@Michael Spittler

Well said, I am also a contractor and have been since 1997. I truley love what I do and have made a descent living. I hope to get into successful investing (I have done alittle unsuccessfuly) so that when my body isnt up for it anymore I can retire or do otherthings. I live in california so we are only allowed a 10% deposit.

I usauly wait until after work has begun and materials are delivered and get 50%. Then the rest on completion. In our industrie we hear all the time about contractors taking advantage, honestly I dont know how they stay in bussiness, or if they do, but I can say I have been takin advantage of a few times and it hurts from this side too. In those instances I had a part to play as well. Like doing deals over the phone, not dotting my i,s and crossing T,s. Lumps on the head hurt but I try to learn from them. What is impotant is people and relationships, over money.