All Forum Posts by: Stan Butler

More than 10 rentals.

All using portfolio loans.

Took a couple of years.

I dont remember us having lunch together yesterday?

Oh wait, you said rock star..... nevermind....

I am in the software industry and somewhat of a snob in this area, so its Nexus 5 running Pure Android for me.  I think you are wasting your time if you target any mobile O/S other than the top 2, per this article:

Mobile OS Market Share

Hey @Account Closed I think the goal of your first flip is to stay in the black, so job well done.  You will get better at estimating rehab numbers over time and it helps if you have the same contractor to work with.  You will also learn what level and style of rehab is required for different price points and geographic areas.

Welcome Paul!  I cant imagine they were too thrilled at the MB dealership with you driving around in a Porsche.  Ah, first world problems.  Look at it this way, you are trading something that goes down in value for things that will go up in value!

Im in East Cobb so probably not too far away from you...

Our weekends are filled with travel baseball games, so unless we get a lot of rain that day I wont be able to make it this time.  Since we have already had so much rain this Spring, I cant really hope for more....

Bill and Kim run an excellent REIA group up in Cartersville. We have been attending their group for many years and they are some of the most approachable people that you will ever meet.

Her #1 goal at this point should be to get out of the rental agreement without getting an eviction filed against her.  I would talk to the landlord and explain the situation and try to negotiate an early termination.  She should keep the place clean so that it can be shown to prospective new tenants.

She will obviously have to find a new place that she can afford.

There is nothing technically wrong with using hard money.  It just squeezes your margins more than private money or bank money.  In the competitive markets that I am in, I cannot afford to have my margins reduced any further right now.  In my financial tool belt, hard money is about the 4th or 5th option.  If I found a deal that worked with the hard money costs and that was my only option left, I would not hesitate to use it.  I'm certainly not going to turn down a great deal just because I have to use hard money....

 I dont agree with this philosophy.  Real Estate is not a liquid asset, so having tight margins and depending on appreciation while being leveraged is a recipe for disaster.  I will just wait and try to buy it at the courthouse after they lose it.

I would rather keep the money on the sidelines and be patient.  Its better to have no deal than a bad deal.  I stick to my guidelines on every deal evaluation and I probably turn down 90% of the ones that get presented to me.  So maybe I dont do as many flips as the next guy, but I can always dump a property if necessary without losing my shirt.  I look at things in terms of the "rainy day" scenario....