All Forum Posts by: Larry Flanagan

Lets just say foreclosing would be the most favorable outcome.

175 payments of $700/mo, well secured by prime RE that you would love to foreclose on but will most likely have to just sit back and collect the monthly for the next 15 years.

I track/mail open estates for two years. After two years I delete them from the mailing list. But I notice a large number of estates are still open after two years. Isn't there a limit as to how long before the estate must typically be settled? How long do you mail to open estates?

Does anyone still advertise We Buy Houses in the newspaper? What do you pay? Is it worth the expense?

I am in the process of redesigning my website. Has anyone studied the best search keywords to use to help get motivated sellers to your site?

My town has lots of old rotten houses that need to be torn down. The problem is even if you get these houses for free, the lot value is significantly less than the demo cost. The City has a long waiting list of houses to demo; they budget to do a few a year and put liens on them which will never be paid back. I have thought about setting up a non-profit to collect donations to tear down some of these old eyesores. I wonder if there are any other, better solutions?...

You can not know what cap rates will be in 5 yrs. Standard procedure to figure a reversion cap is to add a 1/4 or 1/2 percent to today's rate to account for the uncertainty.

Say I buy/sell/rent homes on a regular basis and in any given year my strategy is to sell 5 to 10 of them with owner financing. What do I need to do to comply?

Milford, Nebraska...I hung out at a trailer park there for a few days about 15 years ago when I was in college. Maybe it was yours, haha. I was on my way to ski in Colorado over spring break with some friends from Nebraska, some friends of theirs were in community college in Milford if i remember correctly...

Where are these rules actually published??