All Forum Posts by: Account Closed

Why should someone who's paid their debt to society be forever stripped of their rights, to include the access to housing? If they're still a threat to the populace, they shouldn't be free. By perpetuating the social stigma of being a "felon"; denying access to employment, denying access to housing..you do nothing but encourage recidivism..and continue the vicious cycle..which is exactly what your government and for-profit prison industrial complex wants. 

- A productive member of society who was once a court date away from being a convicted felon. 

@Jennifer McElliott I personally believe that if you've served your time, you shouldn't have to carry the stigma of being a felon for the rest of your life. If you're a danger to others, you should still be in jail. If you've paid your debt to society, shouldn't you be allowed to become a productive member of it? To include being able to find housing? The absolutely disgusting for-profit prison system in this country coupled with the removal of rights and social stigmas placed on felons does nothing more than encourage recidivism. 

To answer your question, no it wont change my investment strategy. I don't do background checks. So long as you have a stable source of income you can live in one of my properties.

- A productive member of society..who was one court date away from being a convicted felon.

@Kate Johnson Whats wrong with debt..if someone else is paying it off?! Every time i do a cash out refi i take a vacation..and my tenants pay for it ;) 

@Chris Smith Im originally from Portland, but live just outside of Nashville now. Tear down lots for custom single/double builds here are the new hot item right now! Just like running comps on SFH, look at the comps for vacant lots/tear downs in the neighborhood and price the lot accordingly. As @Omid A. mention, its WAY easier than wholesaling a SFH 

@Paul Winka Easy. Stop marketing it before you own it. Close on the property and then show it to whomever you'd like. 

@Benjamin Barredo I feel your pain brother! I jumped straight from 12 years active duty, 6 years of those as a SF dude followed by 2 years deployed as a DoD contractor...RIGHT into investing full time. Talk about a culture shock!!  The transition from working with people whom i could entrust with my life, to dealing with people who frankly DGAF and only look out for themselves was a tough one. I was angry as #$%@ all the time; lashed out at everyone that i felt was under performing my expectations, contractors, agents, lenders, lawyers etc. Fortunately my moment of clarity came very quickly. I realized that it wasn't their fault and lashing out would only alienate me and negatively affect my reputation. I realized that they had been operating in this environment far longer than i had and the only variable that had change, was..me. I realized that if i didn't adapt to my new environment and overcome the obstacles it presented, i would fail. 

1. Trust no one. Unless they have my last name, or we've spilled blood in 3rd world sh@tholes together, we can work/do business together, but i don't trust you. 

2. Build your team by identify the people you need in your circle to be successful (lawyers, contractors, agents, etc) and then take the time to assess their capabilities and weaknesses. Don't just toss them aside because they pissed you off once. Understand what value they can add to your success, and utilize it. 

3. Build rapport. Take those people you've identified and decided to work with and get to know them and then decide how YOU can be useful to THEM. If you only focus on how they can be useful to you, the full value of your relationship with them will never materialize. Something as simple as referrals goes a long way, whenever someone asks me for a contractor, lawyer, realtor etc..i recommend those in my circle, and guess what comes back to me when they come across a run-down house? I get first crack at it.  

Just my 2 cents. Time to drink bourbon watch this dumpster fire of a debate. 

@John Langlois So much stuff.. But before we get to that, a few questions:

What's the seller's principle balance / PITI payment / current property value

Whats the buyers purchase price / rate / term 

Thats a very large down payment, is there a reason the end buyer doesn't get his own financing?
Is the buyer aware that they'll be purchasing the property with an existing mortgage in place? 

Are you prepared to deal with the legal ramifications of the original seller's mortgage being called due, and both the seller AND the end buyer suing you?

@Angel Rohena It sounds as though the seller is familiar with unlicensed brokers such as yourself attempting to profit by selling their property. Have you considered being honest with the seller about your intentions, rather than misrepresenting your ability to close the deal?

@Christopher Meis If you were a cash buyer, would give some random person/"wholesaler" $5,000+ BEFORE you actually closed on the property?  Don't buy off on the guru bullsh!t. 

@Joshua Martin You can download/pick a handwritten font, and use that font to print addresses on envelopes in your printer. Change your printer settings to print on the size envelope you're using. in MS Word, Import your mailing list via mail merge, and then for the envelopes: MS Word - Mailing - Envelopes. Took me a bottle of bourbon or two to get it all straightened out, but its worth it if you're wanting to save time (from handwritting) and money (from outsourcing).