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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 165 times.

Post: Cringeworthy self promotion on BP

Account ClosedPosted
  • Posts 175
  • Votes 103
Originally posted by @Jim K.:

Where it bugs me is the local forum. I live in a crappy little city that's dying by inches. I know it's a crappy little city. I've spent years studying its fundamental crappiness. I know how disgusting the food is, how ignorant the general population is, the crumbling infrastructure, the systemic racism, the persistent problems of the area. I've built my business model around how crappy this city is. It's paying off.

Then there are these disingenuous sleazeballs in the local forum who sing the praises of this place, try to pass it off as a city striding forward confidently to meet an ever-brighter future. They're always real estate agents looking for OOS money.

 Best post I've ever read here. Someone who knows money can be made in crappy towns (also my business model).

Post: Sub leasing frauds, acting as husbands

Account ClosedPosted
  • Posts 175
  • Votes 103
Originally posted by @Daniel Peavey:

Any landlords have people trying to sub lease their properties? They qualify, act as husband, then profit by putting in non qualified people, saying they are husband!! I do have no sub leasing clause in my lease 

 Well it's a legitimate way to make money for some (but they'd be honest about it). But I'm not sure what you mean by, "They qualify, act as husband, then profit by putting in non qualified people, saying they are husband!".

Post: Sub leasing frauds, acting as husbands

Account ClosedPosted
  • Posts 175
  • Votes 103
Originally posted by @Lynnette E.:

People will always try to move someone in...

I never tried that.

Post: Living in the same neighborhood of tenants.

Account ClosedPosted
  • Posts 175
  • Votes 103

I lived with my tenants for 17 months in a 4plex. Was great because they were nice people. 

Post: Multi-family Fire Codes in NC

Account ClosedPosted
  • Posts 175
  • Votes 103

I don't understand. The "neighboring units" would be under the top units no?

Post: Low downpayment after FHA loan?

Account ClosedPosted
  • Posts 175
  • Votes 103

Thanks Andrew. I'm going to explore the Home Possible loan. 

Post: Low downpayment after FHA loan?

Account ClosedPosted
  • Posts 175
  • Votes 103

We currently have an FHA loan but are moving out of the property after 18 months. Can we get another low downpayment (5%) primary loan on a 4 unit? Thanks.

Have you done anything with this property?

Post: Advice needed: multifamily coaching programs

Account ClosedPosted
  • Posts 175
  • Votes 103
Originally posted by @Charles Seaman:

@Beth Cooper I can only personally speak on behalf of RE Mentor (Lindahl) because I've taken most of their courses.  Their courses are very good overall, but you should expect to pay a handsome price for them.  As somebody that came from a background in commercial real estate, I didn't personally learn too much from the courses, but they definitely give you a good bang for your buck and give you all the pieces that you need to be successful if you go in there with no prior commercial real estate experience.

 Charles, I'd like to connect. I am in the Charlotte area (SC side).

Post: Advice needed: multifamily coaching programs

Account ClosedPosted
  • Posts 175
  • Votes 103
Originally posted by @Shiloh Lundahl:

@Beth Cooper my last name is Lundahl, not Lindahl and I don't coach in multi-family, I coach in doing the BRRRR method with rentals and lease options.

She's likely talking about Dave Lindahl.