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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 75 times.

Post: Moving to a different state in 2017, but want to start investing now.. Ideas?

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

no

Post: increasing rent by 29%

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

time is ripe 4 rent control.     strike while socilism is in demand...................hahahaahaha.

Post: Money Partner Deal Feedback

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8
Originally posted by @Jay Hinrichs:

@Craig Jones

  2 married couples going in as partners is a very very tough thing to do...

As we know women and men see things completely different.. so now you have 4 separate opinions.... and man if your wife or your other partners wife decides they don't like something or what have you its a recipe for disaster. Not only is your business life rocked but you then get to come home and hear about it on the personal side.

My personal banker over here in Portland we have been doing business for going on our 23rd year.. and so that has led to some interesting conversations over the years.. and his number one issue with a problem loan is usually a partnership break up that is compounded by business where the spouse is also a principal.

 Not only is it tough it is down right stupid!

Post: Managing Friends/Family's rental properties Pro's vs Con's?

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

Dont do it. FreindsZFamily-their not your business partners.  Avoid f n f if at all possible. 

Post: Creative refinance possibility

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

i think op wants to buy the property -no money down!

Post: Vetting an Unknown Neighborhood

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

Southwest Airlines is your friend.   Get on a plane and walk the neighborhood you are interested in.  Googling wont show you the gang-bangers hanging in the area.

Post: Bay Area Investor Looking for Advice on Where to invest

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

If you are comfortable flying over the proerty you are interested in -GREAT!   I just think its silliy.   I want to feel and see what KIND of people hang around the neighborhood,etc,  is the house crooked, etc!

RE:turnkeys....stocks are turnkey.  real estate is hands on-you dont necessarily have to get hands dirty but a walk trhu would be nice.

Post: My first rehab turned cash flow GOLD!

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

Good job.   Photos!

Post: Is 5.50% a good investor interest rate?

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8

Thats a great rate.   What about the other fees?

Post: New investor looking to make first purchase in Seattle

Account ClosedPosted
  • Las Vegas, NV
  • Posts 84
  • Votes 8
Originally posted by @Nghi Le:

@Steven Rasovsky

I'm going to be putting a completely remodeled property on the market within 3 months.  It will be a 3-bedroom, 1.5 bath house on a 7,000 sqft lot in the White Center / Burien neighborhood of Seattle, immediately south of West Seattle.  It's within 15 minutes of downtown Seattle, the airport, the mall, etc. (anything you'd ever need).  It's a 15-20 minute drive to UW without traffic, and 30-35 minutes with traffic (in my experience when I was a student there last year).

We're looking to price it somewhere around $300k. Let me know if you're interested and we can give you a chance to buy it before it hits the MLS.

 Can you explain why as the seller you wouldnt want to be exposed to ALL potential buyers.   Arent you greedy?????