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Results (10,000+)
Johnny Haygood Rent to Retirement my experience
4 June 2024 | 10 replies
Hey mate,Sorry to hear about your troubles.I've been offering "true" turnkey properties for 10+ years now and have many scars to prove it.There has been and still is a huge stigma surrounding the industry and rightly so.The very best rated in the industry sometimes get blasted on the forum.Like with any business that has stood the test of time, we have had our fair share of successes and failures.We have done very well for many investors and could have performed better for others.Many times, we are to blame and other times it was the investors fault IMO.One thing I have always claimed is that we don't steal, cheat or lie and my team and myself work very hard and always make decisions with investors best interest at heart.Personally, I believe that folks that work hard and do their best shouldn't be crucified for an honest mistake when it happens.But, I guess others aren't as reasonable when it comes to such situations and I don't judge them for it.I take the punch on the chin and still continue doing my best.Over the years, I have made millions and lost millions but only blame myself when I loose.Not others.Also, I've always preached to start slow and only use cash which has cost my business 90% in sales volume.I just don't believe that investors should use leverage when first starting to build their portfolio.Reverse engineer and base all real estate, business and even life decisions from a risk analysis worst case scenario standpoint.If you believe that you can absorb a worst case scenario outcome, then pursue the opportunity.Build a strong foundation with cash owned properties and gain experience first."
Lindsey Buxton Anyone follow Aleksey Chernobelskiy?
2 June 2024 | 5 replies
Not only does he review syndications that are new, but also based on what I read seems to have inside knowledge and unbiased opinion on should people participate in capital calls. 
Elizabeth R Matthews 1031 Exchange in Virginia
1 June 2024 | 7 replies
There are options for you there, but obviously nothing is guaranteed.
Marcus Gomes Saving money for a down payment
2 June 2024 | 12 replies
There are minimal down payment options available to first time home buyers with grants and down payment assistance on primary residence transaction. 
Michelle Sobalvarro Roof Surface Loss Settlement Question with State Farm
1 June 2024 | 7 replies
I recently changed dwelling policies to State Farm and they include “Roof Surf Loss Settlement - ACV” in the forms, options, and endorsements section.
Nick Deutsch Nick from Houston, Texas
2 June 2024 | 18 replies
Bankruptcy is not a viable option in our scenario and we don't want to stop the process.
Yong Jin Lee Seeking Insight on Rehab Costs for a Property to Prepare for Sale
2 June 2024 | 8 replies
I can share my spreadsheet but I'm based in  Dallas area and the rehab quotes may be different than your location.
Chris Morris Looking to Start a Wholesaling Company! (FEEDBACK WANTED o_O)
2 June 2024 | 14 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Irving Rivera Dog situation between tenants
1 June 2024 | 12 replies
The injured tenant was taken to the hospital, and based on the footage from my security camera, which I have because I live in the same building, there was no provocation for the attack.
Justin Mason Advice for Financing a Low-Cost, High-Rent Property
31 May 2024 | 6 replies
I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.