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24 April 2018 | 4 replies
sounds like you have a great opportunity. i recommend the contact for deed route. as you mentioned you can get a lower down and more flexible terms. if you can get a 10-12 year ballon payment you should have no problem refi'ing out prior to that with a conventional loan and pay off owner contract. i would try to get the per unit down. you could try to show the total amount you would be paying when you add interest into the equation and see if he will come down on asking price, at least to market if not below. as well as play up the continued cash for with zero management headaches. ultimately if it cashflows well and you have good fixed debt for 10 plus years my experiences has been that price per unit is less of a factor. cash flow is king.
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26 October 2018 | 10 replies
@abigail Helfer @Abigail Helfer In this game, I call it patience.
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23 April 2018 | 3 replies
Some things to look out for are the fees. environmental fees, excessive weight fees, another trick of the industry is billing cycles. some will bill monthly so you are billed 12 times a year others may bill every 4 weeks so you get billed 13 times a year (52 weeks/4= 13 bill)based on my experience the big guys tend to play ball and kill on volume to shut out little guys. also these little guys rely on the big guys station to dump, so they charge a base fee and mark it up or put add on to make money.
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24 April 2018 | 7 replies
I'm looking for other local investors to meet up with and learn the game and the area from a real estate perspective.
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24 April 2018 | 19 replies
Mentioning the GC and inspector coming monday, seller flipped his game at that point.
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9 May 2018 | 6 replies
Hi @Kendrick Smith...Welcome to to BP & the investing game!
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24 April 2018 | 13 replies
But I still can't play football worth a darn.
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24 April 2018 | 1 reply
What is your skin in the game upfront?
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24 April 2018 | 16 replies
It displays everything else fine until Netflix plays a movie not sure" (so it went from not working at all to working on everything but Netflix which there's no way that's possible.
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24 April 2018 | 15 replies
You need to play hard ball.This is why you should be using a lawyer.