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20 November 2013 | 8 replies
Maybe a long amortization with a balloon.
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5 December 2013 | 13 replies
Basically, the association manager has to deliver certified letters to the other unit owners upon receipt of the offer but I am actually scheduled to close next week - before any of the unit owners would even get the notice.
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5 December 2013 | 1 reply
I am planning to send several letters/postcards to each over the course of the six months.Assuming money/time is not an issue, what is the optimal number of times to contact a lead over the course of six months?
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6 December 2013 | 3 replies
I would try to get owner finance with a 3 to 5 year balloon note.
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5 December 2013 | 80 replies
You make a few bucks flipping but you make millions buying, fixing, and keeping rentals. if you keep the rentals you have write offs, appreciation, depreciation, rental income, and it's taxed different than flipping.All deals done in Southern California....over the past 21 monthsDeal #1 got offer accepted at $100K for a duplex, wholesaled it for $107,000 to a cash buyer, netted $3500 +/-Deal #2 got offer accepted at $105K for 3/2 SFR, wholesaled it for $112K to same cash buyer, netted $3500 +/-Deal#3: paid 85K cash for 2/1 SFR, spent $15K on rehab, sold for $140K#4: paid $86K cash for 2/1 SFR, spent 15K on rehab, sold for $156K#5 paid $104K used hard money for 2/2 SFR, spent 14K on rehab, sold for $170K (put 20% down, plus rehab, and holding cost, total investment was $40K, netted $30K in 90 days#6 paid 85K used hard money for 3/1 SFR, spent ZERO on rehab, sold for $127K (buyer paid $110,000 cash, and agreed to a $17,000 1 year balloon note at 9%, which will pay off next month, created $125/month income for 12 months, and a nice pop is coming!)
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14 January 2014 | 16 replies
I also send out miniature trash cans through the mail with a sales letters to expireds.We just listed a $750,000 property from the trash can.
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14 December 2013 | 36 replies
There is nothing new in RE, concepts of title, use and profiting has been around since there was dirt pretty much.The pop of our RE balloon was (is) nothing more than a blip in history or practice.
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9 December 2013 | 2 replies
Is there a way to search forum posts by the 2 letter state abbreviation?
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6 January 2015 | 57 replies
Bill Gulley"Most local banks have balloons in five years actually.
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19 May 2015 | 67 replies
I would also mail her letter stating who has responsibility for the hall way lights and code limits for the number amps allowed in an outlet.Sounds like you need to just restart with better tenants.