All Forum Posts by: Kelley B.

Evicting grandma... this can't end well.

i had one call me the other day. She said that she had been receiving several of these letters weekly and wanted to know what was going on in her neighborhood that was generating all of the interest. She thought that maybe a new big employer was moving in or something. Shoot, the sheer volume of letters may make them think their property is worth more than it is!

Doing great Antonio.  Thanks. Things settle down in a couple of weeks and I'm going to get back with you. Have a great weekend. 

Antonio is right. Your landing page is another piece of the puzzle. Lead Propeller has a very nice product. Danny knows what he's doing. Plug and Play but then you need to learn to drive traffic to your page and then keep them there for over 20 seconds. That's where Antonio's expertise comes into play.

It's a natural human tendency to vehemently support a poor financial decision, even after they later discover that they could have acquired the same  _ _ _ _ for much less somewhere else. 

I believe that is what we are witnessing with many of these folks that 'invested' in these types of programs.

Yes @Tuan Le  the delayed receipt of the condo questionnaire was what I was told caused the delay.

Agreed. Lessons were learned here. Detailed conversations were held about our goals. We were 'encouraged' in the condo direction and I'm still OK with that. Just expected more. Had I done this all myself, I would own it 100%. Bottom line is that I dropped my guard and didn't do the due diligence. No hard feelings. Just another small scar from the school of hard knocks!

@Jesse T. 

 Yep, he's gone. 81 of 86 units investor owned.  I thought that a professional realtor that 'works with investors' and owns many condo himself would know that. 

My presumption is that he was trying to sell this one in that complex to set a new comp level for his own properties. Of course that's just my skeptical opinion :)

Yes, we had an agent. He owns properties in the same complex. His wife is on the HOA board. Hence the questions. I had planned to use this agent for several more purchases this year but am now having second thoughts.

Financing is out there but hard to find and expensive. These properties will cash flow but higher rates cut deeply into that. The plan was to pay these down quickly but this really inhibits one key exit strategy. 

The lost money is one thing but I'm more disappointed in the entire 'deal' than anything else.