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All Forum Posts by: Samuel Kimani

Samuel Kimani has started 8 posts and replied 30 times.

Post: unemployment benefits

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

I work for the Employment Commission in Virginia, and the paper work is coming in like CRAZY, and from what I hear VA is not as bad as other states. VA is say that they are in 3.5 billion of debt...any of yall got high state debt?

Post: REO trashouts and clean ups

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

Is there a particular dept of the bank that you call? When you say "trash outs" is that solely getting rid of items out of the home?

Charles have you done any of the structural repairs? Do you think they are a good source for a young contracting crew?

Post: Gun sales up 49% due to Obama Fear

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

I recently got into shooting, and took my girlfriend with me...she's a pretty good shot, so I guess I wont be pissing her off too much, lol.

do any of yall belong to shooting clubs, or go to ranges very often? I wouldn't mind joining one...I need to look up that lifetime deal.

Post: Need help...who is responsible here

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

Based on what Mike said and your sick child, I'd say toot ur horn to the media. Someone in your area (either a contractor or an angel) would be able to lend a hand.

hang in there, and do any thing your can to dry the situation up.

Post: Uncle Ben might get the helicopter out yet?

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0
Originally posted by MikeOH:


Bernanke is a complete moron, in my opinion. Twenty percent of homeowners are upside down - SO WHAT? I didn't hear Bernanke or any of these homeowners complaining when housing prices were skyrocketing and homeowners were refinancing over and over to suck every single penny of equity (sometimes more) out of their houses.

Are we still a free country? Can people still take risks and LOSE or are we a country where everyone must win all the time and the taxpayer picks up the tab, or will pick up the tab as our economy collapses in the near future? This is absolutely ridiculous and makes me sick!

NO MORE BAILOUTS!

Mike

Im not too hyped up on bailouts either, but how do we work things out without them? I dont think its a situation of being a free country or not at this point, I think its more about damage control.

Even if the companies took the risk, and lost, someone would have to be on the come up enough to fill in their shoes. No one is going to fill the big three's shoes, no one is going to start a financial consulting group and then become a bank large enough to service the way they should.

Human compassion on a large level like this does not equal socialism. It may have not hit the streets directly, and we may be somewhere near the bottom, but I can guarantee that if we do hit the bottom the bounce back is going to be uglier than the fall.

Post: Goverment grant

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

has anyone here taken the chance to get granted money? I heard that if you rehab a house in a historical area then you can get it.

Post: Searching for good professionals

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

How do I know that the real estate agent that I am working with is better than the rest? What are some key things to look out for? The same for a lawyer, and/or tax guy.

I've set up an S corp, and I have no problem starting slow and doing things right.

I am currently looking for a house to flip to a friend.

On a side note: Is it common for a private money lender or hard money lender to lend to a new company? Will it make a difference if a have a guaranteed buyer (with good credit)?

Post: Too Young to Shoot the Gun?

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

I have an S Corp that is only a few months old, and I have terrible personal credit.

BUT. I have some one who is looking for a home (great personal credit) and some great building contacts.

Will it be possible for me to wing a deal with a young company thru HML or Private lending?

Post: Fed Cuts Rate by 1/2%

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

Does this mean that school loans that I got from the feds are at 1%?

Post: HML and new construction

Samuel KimaniPosted
  • Carpenter
  • Richmond, VA
  • Posts 33
  • Votes 0

will HML's only lend on rehabs, or will they also lend for vacant lots and new construction?