All Forum Posts by: Joshua Lawrence

Thanks @Steven Potter and @Mark Ferguson for the info, very helpful!

Thanks @David Lee 

Nice work on the $14.700 deal, forget about the 2% rule, why not go for 5%. Wish every deal turned out that way. 

Keep up the good work!

@George P. - I agree, seems like the rental market is alive and well. Do you see this continuing? 

Good decision @Brad T. , unless you are in the city of Detroit, you can still discriminate based on criminal record. We actually do a "Pre-Screening", which saves us time and the tenant doesn't waste their money on the application fee if they aren't going to qualify. 

Two of the main red flags that we look for are past evictions (check District Court Filings) and Criminal Record. @Michael Noto -- Good point on being able to afford rent if another individually if an issue arises.

Good Luck!

-Josh

Welcome @Mike F. 

Sorry for the delay, how are your Real Estate ventures going?

Hey @Mark Ferguson ,

How long is a HUD home in the Owner Occupancy Stage? Is there a way it is differentiated when listed?

Also, are there specifications on the type of financing you can use for a HUD home and does the property have to be owner occupied for a specific amount of time?

Sorry if these are basic.

Thanks for all the great info,

-Josh

Awesome vocabulary and great advice @Rick Baggenstoss 

Great advice as well @Bryan L. 

@Rob K. ,

Thanks for the HUD info in Michigan. My understanding is that HUD homes have an owner occupancy sale period first? Is there a way to tell which phase a property is in?

Hey @David Lee 

Thanks for the info. A couple questions:

Is the $2,500 earnest money standard for all auction.com properties and is it 100% refundable if the offer isn't accepted? 

@Jay Wright 

I haven't attended the Meetup. I am still new to the area. It sounds like that may be a good opportunity to connect with fellow investors.

Where would I find more information in regards to the Meetups?

Thanks Jay!