All Forum Posts by: Jay Hinrichs

marketplace and you need to have a paid subscription  ( I think)

@Aroldo Villarreal 

  you may want to get an extension from your seller to keep you in contract!

@Aroldo Villarreal 

so you are sweating your end buyers HML coming through is that the gist of your post?

Maybe the guy buying it will just wait until your out of contract and then go direct to the seller and cut you out all together.. This is not uncommon in this business.

@Moshay Laren 

  as a builder developer I would say there is no equity in the scenario you describe..

Unless your just looking to make a couple grand flipping but most builders will just wait you out and buy direct... its a different game than selling to rehabbers.  Builders by and large are more methodical and have a better eye on the market than you will have.

@Account Closed 

  Although I think partnering with a proficient and experienced flipper as a money partner Is not really that complicated.. But like anything one has to choose wisely.

Or heck just buy a Subway sandwich franchise and call it a day !!

@Account Closed 

  well I guess that is another way to put it.... Can't argue with any of your points.

@Terry N. 

PCF = Positive Cash Flow ... Land lording in my mind is not passive ... it requires attention to be successful.. Investing in the stock market is passive.

There are levels of ease of ownership  IE I bet your higher end home in NC is relatively easy

If you buy lower end rentals you will need to engage more often as the tenant base is more fragile by and large.

But if you take 50 to 100k and you actually net that from your sales after tax.. You could provide equity for a fix and flipper.. then get the debt from a HML and make probably many times more in actual in your pocket cash flow than owning these two homes.

@Terry N. 

  what would you do with your equity..?  Now if your going to cash out to buy a business that would bring you in monthly income.. That could be good... Or use the cash to partner with a good fix and flipper and make far more money that drip rental income.  Or you don't really need the cash and let the tenant pay the home down  nothing wrong with that especially since it is probably a easy manage property at that price point ( talking NC)

In my mind if your going into the rental business with its drip income approach IE 100 to 200 a month PCF... one should have a goal to ramp up and get as many as possible ..

@Scott Trench 

  For me it was realizing that I could meet people all over the country in one spot.. and there are some seriously knowledgeable folks on this site. So for me if I had a question about something in Texas I simply contacted one of the top Texas brains and got the answer in a few minutes as opposed to hunting for it old school style.

Also being able to reverse engineer who I want to work with,  follow post and find potential equity partners by back trolling...

Along with coming up with a new concept for a web site that I think will be very helpful to many on BP...

@Daniel Burbol 

  There is no cash flow in California  ( at least that is what many say )  Just kidding.

I like Vegas personally.. and I think there is some nice opp's there..