All Forum Posts by: Leigh C

I'd just raise their rent and start with a bug guy.     

OOOORRR maybe get a dumpster and let everyone know "volunteers" will be there on a certain day to help toss old crap.     Why get rid of people who are stable and paying just to dump them on someone else?  

330k ARV,

Investors want it for 30% off that....so have the sellers lower the price to 230k and you will have a flood of offers.     

2016 Investor Math...

Address+price=Serious 

Bold Letters+Promises+sense or urgency to act now=Waste of time

6700 notes...odds are fortress will get them and just take them to market as REOs or as "fixed loans".    Previous sales go way too close to BPO value for anyone that actually still uses a pad and paper to make decisions.   

Take notes...he is teaching you how to wholesale.      Inflated ARVs is the norm

Ran 2015 numbers and realized I should bolt on to my current business a title company.   Anyone currently own a share of a title company and/or looked into it?    Can be anywhere in FL.

@Ndy Onyido   Nothing is certain, everything is a gamble.    Calculate the best you can and roll the dice if the odds are in your favor.     Risk tolerance with all investors is much different, it's why so many of us exist.        In my mind even if he loses the 2 downstairs units maybe he can still salvage the 2 upstairs units.     4 years from now its very possible he will have covered his investment.     

As long as he isn't putting someone's life at risk he should be fine.   If the property is actually risking lives then I'd run regardless of the math.

Whatever county has the most foreclosures is the best place to flip.    So i'd say S florida is by far the strongest market.

If it were me I'd sign the 51k contract then do an "inspection"   Bring to light all the major issues and go back to the bank for a price reduction, 35k sounds like a better idea.

I'd then rent the 3 units till something stopped me from doing it further and fill the hole in the slab in and pour new concrete.    Use that particular unit as storage.  

Once the unit (if ever) got to the point the city wanted to condemn or it wasn't rentable I'd do the numbers if it was worth keeping.  

Paying 12k or even 17k a door for the 3 good units makes sense.     Fixing the 4th unit for 50k doesn't really seem like good math.    

Fairly certain I want to use them as a closing gift, more than likely the large block set.    Engrave my name/company.   It's something that they will actually hold onto so it should give me a decent amount of impressions for the cost.    A 1500MSRP knife set should be cherished and kept for an extended period of time.     

I'm debating since the price is so low and my farm area is 1M plus homes it might make sense to send them to my farm area.     Little note that says when you get tired of using this and it's time to move, give me a call (keys is heavily fishing oriented) 

There are maybe 4500 houses on the island.       So 90k in cost at 20/knife would need to yield 3 transactions to pay for itself.     Or 1 decent flip.