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20 June 2024 | 37 replies
You can keep heading down this same course of action, constantly getting ignored and lied to, or you can have an abundance mentality and a wealthy mindset and make a business decision.
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22 June 2024 | 129 replies
I just don't think those chickens are going to come home to roost anytime soon.
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18 June 2024 | 121 replies
This is ALL LIES!
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17 June 2024 | 6 replies
Bubble formations will be the most rampant in these areas and the chickens are coming home to roost here.I remember at a REI meeting someone told me they'd take 6 Rocky mount over 1 raleigh.
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17 June 2024 | 7 replies
Their 12-18% return is a total lie.
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17 June 2024 | 12 replies
Lie to them and say you need this so that you know where to send them their security deposit.If you do sue and win your judgment review whether bank or wage garnishment is allowable in your state.
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17 June 2024 | 14 replies
Hard to get that chicken back in the coop after.
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17 June 2024 | 6 replies
This is going to be a very tough scenario, I suggest you stop putting money into this deal until you get things sorted on the financing side.I would also be very careful with and sketical about any offers for 100% financing... it will not happen, they are lying 99.99999999999999% of the time.The only realistic way would be for you to find a private investor to come up with the down payment for the mortgage but a down payment will be needed.90% LTC is theoretically possible through a flip loan but in order to reach that level you would need to have a lot of completed projects under your belt over 2 years.20% is possible but with 25% you would have a lot more options.That is part of the issue with this transaction...The other issue is with HOW MANY loans you are seeking...This is not 1 loan because this is not 1 deal...You need 3 loans because you are doing 3 separate transactions at the same time with the same seller.Blanket loans do exist but they are not widely available.Each folio number is a separate deal...
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18 June 2024 | 14 replies
Secondly, the whole "cash flow vs appreciation" conversation is simply a lie to me.
17 June 2024 | 9 replies
You can play games by pretending that you wanted this new place to be an investment (or "being creative" as you put it), but this would be lying and can blow up in your face.