
17 April 2015 | 15 replies
Also as a real estate investor you don't always know who is answering that door I've been through houses where the owners had no problem leaving all their drugs and paraphernalia out in the open, some people are a bit out there to say the least, I would personally advise against it.
19 April 2015 | 11 replies
When you flip a house you are essentially a house dealer.

21 April 2015 | 2 replies
Since there is no income, it is going to cost you significantly to either buy and move homes in or find owners who want to move there; homes rarely move so maybe partnering with a local dealer might work.We ran into several "parks" being sold by distressed owners only to discover the city/town officials were dead set against "that kind of people" (yes, one City Manager used that phrase) moving into their city.

10 May 2015 | 11 replies
Just a word of caution some states require you to have dealers license like a used car dealer for buying and selling mobile homes.
5 March 2017 | 6 replies
CDoes anyone know of a case where an investor was forced to become a dealer and what are the details.

29 April 2015 | 13 replies
We selected "no" because the application specifically mentioned violent and drug-related crimes, but apparently we answered incorrectly.

29 April 2015 | 11 replies
Too much crime, blight, and open air drug markets that 99% of investors want no part of.

30 April 2015 | 14 replies
However, if there is any credit history of rent payment issues, it's a pass.We also have a zero tolerance for repeated drug history or domestic violence on a background check.
2 May 2015 | 4 replies
the 2nd association it resonates is the highly consumption-driven society we live in. in my area (coastal, urban southern california) i'm surrounded by 2 distinct lifestyles. there's the majority: seems like 95% of the local population who are renters, driving luxury cars, sporting fancy clothes, jewelry, hairdos, etc but obviously living paycheck to paycheck as exemplified by hardly a day somebody or the other is spotted getting their car repo'ed by a camera crew. the rarer are the landlords, who in this area seem to be of mostly asian demographics (chinese, koreans, japanese) who live obviously very frugally: old 80s model sedan, oldfashion business cloths, always eating simple meal from home, seemingly never splurging $$$ other than into expanding their portfolio), my observance is relatively very few landlords in the area own relatively huge portfolios, each.with the advent of these infomercials and the internet (ie, BP) more and more people want to get a 'piece of the REI pie' and more power to them. there does seem to be this dream of rags to riches and while its ok to dream, do most people actually expect their life to turn around like that, as portrayed in most of the infomercials or even in the everyday setting where the masses living paycheck to paycheck, are spending their last expendable dollars not on depositing into savings acount, but blowing $20 on scratchies etc. in summary, is my observation reminds me of my days when i worked on wall st and the 'ra trace' was so obvious with dime a dozen stock brokers makin 6fig salaries at some point but blowing it on recreational drugs apparently costing thousands of dollars a pop to the point the next week they are broke again and that $ wasnt invested but wasted.

30 April 2015 | 5 replies
My 2 cents-Only pay a commission for properties you successfully close on (several hundred dollars is a good amount).Suitable candidates include:Soccer Moms- always chauffeuring kids around the neighborhood, strong social network with other Moms.Drug Dealers- they know where all the vacant properties are (I don't need to explain why) and cover a lot of distance in their various errands.Students- Usually on low incomes and are keen to take on part time jobs.Treat all these people special.