All Forum Posts by: Scott MacDonald

Hi All, 

I am interested in finding local eviction lists to reach out to the landlords in the hope I can snag a few deals. Having gone through an eviction I have seen first hand the stresses it causes and I am sure there are landlords out there willing to sell quick especially if the place has been trashed.

Now I know I am not the first one to come up with this idea so I was wondering how everyone went about getting the list of present evictions? Is it a case of just going to each county court and asking for the records and sorting through for evictions?

Thanks

Scott

I would be interested in hearing other suggestions also.

Hi All, I’m at Nates but can’t see the group? Is the meet up still going ahead?

Awesome! Thank you so much for the replies. I just wanted to make sure it was possible.

Thanks

Scott 

Hi Brian,

That is my plan, my question is can I qualify for an FHA loan with an existing conventional mortgage to my name?

Thanks

Scot

Thanks for the reply, my wife wants to stay at our present house and I don't mind being away from home large amounts of time as my past job had me away a lot more. So if I had to stay there 12 months that would be fine and probably an advantage to give me the opportunity to look for more opportunities.

Thanks for the reply.

Scott

Hi All,

I presently own my primary home with a conventional mortgage (we put 20% down 2 years ago) and I am now looking at starting to get into real estate investment in San Antonio. My plan is I would like to buy a 4-plex in San Antonio and be an owner occupier of one unit. My thinking is that I would live in one unit while making renovations to the unit and fixing the place up myself for 6-12 months. I plan to stay there 4-5 nights a week while my wife lives in our current house.

Google simply points me to a lot of articles of buy a second house using an FHA loan but I can't seem to get a clear answer on if I have a conventional mortgage can I buy a second home with an FHA loan.

I would be interested in others thoughts/tips and experiences.

Thanks

Scott

 Hi John, 

Thank you for your reply to my post. You seem to really understand the position I am in with trying to find the right locations within SA. 

I would like to take a look at the file you have that breaks down the zip codes of SA and your monthly market report. My email is s.macdonald [at] gmail.com. 

I also read your profile and tried to read more on your website (http://www.prymehome.com) but it fails to load. Are you still in the process of getting that set up? 

Thanks Scott

Hi Betty, 

Congratulations on your accepted offer. 

I sent you a message about the possibility of learning from you.

Thanks

Scott

I just wanted to chip in and applaud your attitude Kenneth. Like yourself I am in a similar position acquiring my first few rental properties and its a scary experience. So many "what if's" and uncertainties with a large investment. I do like your analogy to cars. I bought a 20 year old truck knowing there would be issues with it. In fact that was part of the fun, I wanted to learn more about engines and how to maintain them, within 6 months I had a failed cylinder head and had to strip the engine down to the bones and rebuild it. I actually enjoyed the process and because I went into that purchase expecting problems I wasn't annoyed in the slightest. So good luck to you on your first property and I hope you learn a few (not too painful) lessons.

If you don't mind me asking, how did you get in contact with your wholesaler?