All Forum Posts by: JDee Moore

 How do we think this presentation would go to a seller  IE full disclosure.

HI mr. seller I am Jay.. I have no ability to close this deal on my own as I don't have enough money to buy it.  

However I do have buyers that will buy highly distressed assets.. but there needs to be enough margin in it for them and then enough for me to make a profit.. 

although I might tell you I may keep it or its subject to my partner ( who does not exist) approval.. the reality is I am just trying to make a middle man fee. 

So yes your house is worth 200k but for my buyer to buy it they need it for 160k and I need to make 10k profit.. so we can solve your problem for the purchase price of 150k.. or you can list it with a broker in this uber hot market for say 190k and expect multiple offers.

which would you prefer to do .  

now you do have some weirdos out there that are afraid of realtors for whatever reason.. and for sure you have hoarder houses. 

and so on and so forth.. but if the facts were laid out as to exactly how 99% of wholesalers work I would think most people would realize this is not in their best interest.. but some even with all the facts may do that.. 

for sure the rougher the house the more motivated..   and less likely to work with the RE community. 

Impact investing is a hot category right now in the investing world ("do well by doing good").

With low-minimum crowdfunding sites, I can toe-dip to get a feel for whether I want to add more money down the road. My strategic reason for doing so is to diversify my portfolio beyond global publicly-traded businesses.

For example, I have a small amount of money invested on CNote, which pays a 2.5% return from lending money to CDFIs (https://www.cdfifund.gov/), and Calvert Impact Capital, which pays me a 1% return on my investment.

I use a donor-advised fund to make anonymous donations to local 501(c)(3) charities because I live in the area and want to "invest" in the quality-of-life of my community. With a DAF, my financial return comes from the deduction for charitable donations on my tax return.

If you know already you want to keep your home for certain time period why not 7 year arm, which will give you lower interest rate and create more equity for you. 

@JDee Moore while this would be best answered by analyzing what rate and current loan you qualify based on your credit score, etc. I will say that rates have been slowing going up the past several months. If you think refinancing would benefit you then you should do it sooner than later. But I don't know if you currently pay PMI, if the rate you qualify for now would be 5% anyway, etc. Certainly speak with a mortgage loan officer who can show you how to analyze the numbers.

Thanks Andrew for the great info and I am looking forward to seeing a mortgage loan officer soon.