All Forum Posts by: John Rooster

FWIW, I ended up buying Zillow at an average of about 85 and Trulia at about 32

I have no idea what affiliate marketing is, but *if* you can actually make $1,000/day doing it, then quit your $200/day job asap. The theoretical benefit of being able to buy an income producing duplex with your current income is small compared to the 'real' benefit of making an additional $800/day.

You need to stop listening to Alex Jones and Coast3coastam

Food for thought: Put yourself in the position of the Seller in a typical Subject to transaction. You lost your job and are not able to make the payments, to save your credit you sell your home to an investor subject to the existing loan. Two plus years later, you have a new job, you have re-established credit and want to buy a new home, but you discover you can't because there is still an outstanding loan in your name. Your quite irritated because no one ever told you that you would have this problem. You only sold the property to the investor to save your credit, but that is of no benefit to you if your can't get a loan because of the outstanding loan in your name. So you call the mortgage company and tell them what is going on, and ask them to remove you from the mortgage, of course they don't. There a few directions this can go after that, but most are not going to end up well for the investor. Most subject to investors do not have this problem because they sell before that two year period.

Looking at the picture, the problem is not obvious to me. It does not appear that the removed section of cinder block was actually supporting anything. Of course I could be missing the bigger picture.

Your comparison to stock/bond investment advisers is a curious one. I think you have an overly rosey view of what such advisers do. If you look under the hood, you will find that most stock/bond advisers get commissions from the fund/investment they direct you to. Most of Maddof's investors came from such investment advisers. Not something I would be looking to emulate in the real estate investment arena.

yes

You probably are in the minority. I prefer Atlas Shrugged to The Fountainhead.

As has been said, you don't provide any details so it is not possible to provide advise. Sounds like a crowd funding construction project. Bottom line here seems to me... A. he is completely scamming you, and there is no advice anyone can give to get your money back. B. He is sincere and has all his money into project and does not have an extra $20,000 lying around, else he would not have had to borrow the money from you.

Probably the landlord. Possibly the tenant if the backyard was fenced such that only the tenant could have taken them