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26 December 2018 | 9 replies
Tenant is on social media getting new tatoos and telling people how to live righteously.
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4 January 2019 | 14 replies
KEEP reading, education is your weapon (I do not mean school.)
31 December 2018 | 2 replies
Some have been a complete train wreck - you get what you get.Probably my most memorable (or maybe, most horrifying) experience buying without seeing inside was when I bought a house at the trustee's sale in Clark County. knocked on the door, left notices, went through the eviction process over the course of a few weeks, etc... eventually went in with constables for the first time and the guy was obviously still living in the place - seemingly nobody was home, but there was a bunch of viking weapons and knight stuff all over - there was a suit of armor on a stand in the corner...
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11 October 2018 | 81 replies
I don't let it bother me though because I know what I'm doing is righteous.
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9 October 2018 | 41 replies
Having cash is the golden goose, so hold onto as much as possible, as cash becomes a weapon when buying more properties in the future.
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30 November 2018 | 9 replies
Intimidation is a landlords most valuable weapon.
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18 March 2019 | 34 replies
Lawyers will not guarantee the outcome of a lawsuit no matter how "righteous" and indignant one side or the other is. 5.
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10 April 2019 | 14 replies
Low-income housing is my term of choice.I don't carry a weapon, nor do I feel the need to.
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7 April 2019 | 3 replies
I hashing out this creative strategy I’m piecing together and i wanted to know if it’s already a thing or even a good idea at all 😂Here goes:I want to use the “purchase agreement” element from wholesaling and combine it with the creative financing lease options provide but without tenantsFor example:Bob = BuyerTim = Wholesaler with private lenders- Bobs trying to sell his house for $30k- House has an ARV of $200k- House requires $50k in repairs- Tim has access to $100k in private lender money So in short...ARV = $200kAsking = $30kRepairs = $50kMOTIVATION:The seller is motivated because he can’t afford the rehab and is tired of holding on to the place and he’s not budging from $30k because that’s just breaking even for him and every wholesaler wants to offer $12k so they can include their finders fee hypothetically Tim offers Bob a creative deal where he can get him the price he wants but it’ll be after they rehab and sell it 6 months later at mostBob is interested in hearing the terms since he’s desperate, he also owns the house free and clearTim offers a 10% deposit towards the asking price ($30k) which is $3,000 plus $300 a month as cashflow to the owner while rehabbing the property (6 months max) which will cost $50,000The deposit and cashflow go towards the overall principal So far Tims costs are...Deposit - $3,000Cashflow - $1800Rehab costs - $50,000Reserves - $15,000Closing - $10,000Total - $79,800 Tim gets a private lender to finance the $79,800 with a 10% return in 6 months and it would be paid back all at once so about $7,980 in interest when it’s all said and doneTim sells the house for $200,000 $200,000 - Gross$25,200 - Goes to buyer $87,780 - Goes to the private lender $10,000 - Goes to closing costs$77,020 PROFIT So the play here is that you only pay for the rehab and deposit/cashflow up front and don’t pay the actual purchase price until the house is sold and it comes out of the grossConstructive criticism is appreciated lolPlease no keyboard overlords who get off on sounding righteous and right 😂
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24 February 2019 | 2 replies
I also admit that there is a bit of righteous indignation in there, just based on the fact that if they are doing this to me, how many others are they trying to take advantage of?