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10 January 2020 | 7 replies
You make a good point to check for complaints or arrest records regarding the previous owner.
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24 November 2013 | 14 replies
They've had no additional arrests AND they let you know up front?
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5 December 2013 | 80 replies
deals 7 and 8 had a partner - he found the home, I fixed it up, managed the rehab, he sold it, we split the net profit...these were ok deals we split $20,000 on each deal but they took 5 months and 9 months respectively due to issues with contractors doing shoddy work....so if you figure our profit at an hourly rate these were not barn burners...but hey it's $20,000 I didn't have before, so I am fine with that#8 paid $265K used hard money, spent ZERO on rehab, wholesaled it in 12 days for $360,000, that was a nice one (sad back story on this one, owner of the property was busted for selling drugs and arrested, then deported to Mexico, so wife took over the drug selling biz...then she got popped, in order for me to be able to close on the home, Escrow had to go to the jail to have the wife sign, then hire a mobile notary to drive down to the SD/Mexico border to have the husband sign) death, divorce, drugs, disease....the 4 D's that create real estate opportunities, sad but true#9 paid $205K used hard money, spent $25K on rehab, sold for $300,000#10 paid $90K for 3/2 SFR, used hard money, spent $3500 on rehab, rented out for $850/month, slight negative cashflow currently (-$150/month), market value is $130K now, plan on refinancing into better loan in 3 months#11 paid $108K for 3/1 SFR used hard money, spent $3000 on rehab, rented out for $850/month, slight negative cashflow currently (-$190/month, market value is $140,000 now, plan on refi into better loan in 3 months#12 paid $125,000 for 4/2 SFR used hard money, spent $0 on rehab, house already had a tenant in it paying $900/month, will be raising rent to $1100/month, market value is $160,000, plan on refi into better loan in 3 months#13 invested $50,000 with my parents to buy a triplex, for $530,000, property cashflows $1000/month from day one, and value has increased to $700,000--------------------------------in current pipeline/in escrow - thru these deals I've made good friends and I've made my hard money lender some good money, hard money lender let me know he has $5,000,000 +/- sitting in the bank looking for houses to invest in, and he's given me the green light.
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14 November 2015 | 144 replies
I don't understand why he wasn't arrested for trespassing.
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4 January 2014 | 18 replies
"I'm just learning" isn't an excuse for breaking the law and if you were arrested for a crime it certainly wouldn't be a defense that helped you at all.
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27 June 2014 | 13 replies
In the state of IN if any domestic abuse happens in front of children both parents get arrested and charged.
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22 July 2014 | 104 replies
Or like what happened to some of my borrowers the PM just collect about 3 months worth of rent and fled with 250k only to be arrested down the road and go to prison.
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30 July 2014 | 5 replies
btw - I am sending a letter out today to a house who's owners were arrested and facing both jail time and some serious legal fees.
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4 August 2014 | 70 replies
I google their name and check arrest records, etc., before committing to a showing.
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21 January 2015 | 16 replies
One time I was looking@some properties ( you know driving for dollars) and there was this house that looked very nice just really abandoned it had trash all over grass was long etc.. so I got off my truck looked around went up to the windows and peeked in the house (hahaha) you won't believe what I saw ..There was a t.v set up on the wall and it was on lol...I ran out of there so fast I was so embarrassed because I was just peeking through someone's window and you can get arrested for that lol..