All Forum Posts by: Samuel Coronado

 What unraveled the deal?

 This also requires a bit of digging. Sex crimes are some of the hardest to prove, especially when the victims do not want to come forward out of shame or intimidation. It is possible that someone continues to commit these acts with more sensitivities to not get caught than when they first got caught. A friend of mine was assaulted and the cops basically said they couldn't do anything since she waited a week and it was just a he said-she said thing. Now Jose Enciso is walking free without a care in the world. 

 It could very well be the same guys. A smart construction company knows not to do too many roofs during the summer due to the health risks, so they will bank them up quite a bit in the cooler seasons (winter is usually too rainy). Roofers definitely operate on a feast and fast cycle. That's not saying they don't do roofing in the summer. The tempo slows down for companies with a good reputation at least. 

 Let's run it. 

I tried editing the above post, but it looks like it never updated. To clarify, this is a doublewide manufactured home on almost 3 quarters of an acre. This will cut out a lot of lenders. 

 This is on my mind a lot as well. This is also why real estate isn't built up too much at once and comes and goes in waves. RE is a very a depreciable asset. It requires a lot of updates and maintenance. Those people who think they will automatically get $800,000 for an aging house were right in 2020 but not today. Those houses very often just sit and rot, get destroyed and turn into empty lots. The supply and demand move in tandem with a lag. Scarcity is built into the whole system. As 30% of the population goes into the next phase, there will be opportunities to buy and markets to run from for sure. 

Demographics is destiny.

Florence, AL is turning around its aging problem through new transplants while Huntsville, AL is trying to stem the new development because there's too much housing and jobs here and not enough infrastructure when it comes to schools, healthcare, etc. Like others pointed out, this will not be a collective downfall across all areas of the US. There will be a pull and tug and various areas. 

I keep running into a road block. I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price. Is there a way to get the 80% of the appraised value out? Is BRRRR dead with institutional lenders? Or am I missing something?

My personal credit score is a 780 and I have multiple other properties but still not busting the DTI metric.

 Thank you very much! 

Will this be recorded for playback later? 

 Im shooting you a message about a deal I am currently working. I believe it fits your parameters.