All Forum Posts by: Todd Mims

Sorry, I meant I agree with Bryan. I was saying to Mike do you always find perfect tenants and if you do is it really worth the wait. I mean you seem a little harsh on folks, these are again you're everyday joe and janes, what's to be expected with some of these folks. Not to make excuses for them, but they are a better part of our business I thought.

2-3 months spread should be ok. I'd agree with Mike you're gonna lose some down the road and perfect tenants are not always gonna be there.

25K is a good start... No repairs on a wholesale...AS IS.. You can work your way as far back to 22K and make out with about 5K. If 60K is true value...you should see some bites soon and multiple.

"wholesaling" today just seems too hard these day and you are right it seems that "everybody" is under water. Free and clear is the key almost. How to find them....I dont have a specific way...I'm working my way to that, but short sales is where its at it seems..I'm really not trying to force a square into a circle. It also seems that those that are wholesaling is doing it with their short sales and REO'. IMO

Make sure to get them on the phone...you don't have to lie to them, but you don't have to tell them your full intentions, either, if that make since. Why should they care? Are they ready to sell or what...is what they should be concern with.

sorry about the last few typos, its late...anymore questions just ask....I know a few players doing this now.

I was say it depends on your level of relaionship with this person. If they are pretty close to you I just see them being a regular equity or debt partner and if its just one person. If you are doing this all over the place, then the reg d might need to be done as they may bring attention to you and then it will be seen as though you are "raising money" without the proper authorization/licensing.

Welcome to BP, Sharad, Happy Investings. You're in the right place.

Rich Dad is good, I have had the training. Don't spend your last money and go broke doing it. Kiyosaki is a great business man first and foremost. He says to clear up your debt, then use your money to invest. Don't use these programs to get you out of debt, it will hurt. You will need money to invest, at a minimum market.

Thanks, Jon,
I understand what you're saying, but $6000 sounds like a lot and should'nt he just take his chances to see if it ol' get rented before September, I mean thats 9 whole months. And I guess my deal was that he said that it specifically said $6000 in the lease. Thats what did'nt sound right to me. Why would it state a specific number like that? I mean someone that broke the lease with a month left (for example) should not owe near as much money even if they had damages and other fees tacked on. So I was wondering does that sound fair to put a specific dollar amount in like that.