All Forum Posts by: Kevin S. Campbell

Dear Chris,

I would just put solar panels in the space.  Another idea is to build additional units there for greater income.

Happy hunting!

Hello Boston,

I can tell you that a quick and dirty analysis is to use Carlton Sheets suggestion for cash flow analysis.  He says that if a property clears $100 after monthly expenses, then it is worth buying and adding to your investment portfolio. 

Have a great year investing.

Dear Veronica,

I like that everyone tried to help you and you got some good comments.  I can add that I think there are two things that will help you.  First, just ask a construction company what the deal is with the permits and what it takes to get the thing worked out on paper.  Next, I work for a company called Legal Shield and can sell you a prepaid legal services membership that gives you 24/7 access to your personal law firm with an entire team of attorneys working for you.  Just sign up and ask a real estate law attorney what your options are.  The best part is that this plan comes with unlimited phone call consultations for free and you only pay for what you use, at a 25% discount per hour I might add.  This plan also comes with a last will and testament that updates annually in addition to two letters/phone calls per year on your behalf, and a memberperks buyers club that works like AARP and AAA with discounts on tons of things like Quicken Loans and new car buying programs.  I think having a lawyer that you can consult with would help you stay legal and only cost you money if you need it.  Our plans are month-to-month agreements that you can cancel at any time.  They are $17.95 per month for singles and $20 per month for families up to 10 people.  It really comes in handy.  Take a look at my link and have a great future in real estate investing: kevinscampbell.legalshieldassociate.com

The loans are tricky.  I think you should focus on OWC, that way they can set the note to fit the situation.  There is a great book called Street Wise Seller Financing by W. Eddie Speed on the Web that is a short read with just the right information.  The seller has control over the terms of the carry, so both parties can win.