All Forum Posts by: Matthew Utt

Except they ripped my personal permits I had up and will not give me a permit and will only give a permit to licensed contractor 

@Jacques Edouard Dessejour Lapierre it’s in Elyria Ohio

@Matthew Irish-Jones do you have any idea how to sell a property that now has the city on its radAR as the investors in my area has stated that it is tagged so they will be bearing down on them and they dont want the attention.

1. I did not pay for a mentor 41K i figured why pay that much for someone when i could use that to invest so i did

2 the mentor did take me under i did some work for him and he taught me what he could i figured heck he 1800 units so he must know something

4 now that im in this situation i feel like he is trying to force me to sell him a property that i fixed up and it is my only income producing unit.

5. my situation is a little more complicated i accidentally got caught doing unpermited work and the downstairs tenant called the city as she was not paying i think it was a way for them to get more time living for free due t a retaliation law in our state and city. now before i get lambasted i did not do the major stuff without incensed individuals like the electric and plumbing and HVAC. i got caught in a getting removed from a grandfather claus which is fire blocking because the house was built pre 1900 so it had balloon framing so i was like ok.  Well that opened up a bag of worms because now the city is stating that th permits that i did get are now null and void because i don't live in the house which i never said that i did.  now they want me to use a licensed bonded insured for every task such as putting a door in a closet or putting a new bathtub in and hanging drywall and i got the estimates for all the different trade and the cost will put me over 80000 more then i will ever get out of the property if i were to sell it.  and if i do keep it i will be under water for a very long time for that property but all the investors say that they can not touch because they don't want to have the city down there throats. so i really do not know what to do 

I have made a big mistake and i think my mentor is trying to take advantage of my situation. I am new very small with only 3 units and only one unit occupied and the and nother 1 occupied but has not paid since July and i was told i cant evict them till March when the weather gets warmer by the Judge. I was remdeling the upstairs of the one unit and i didnt j=know that my sity has a building code that all investment properties remodels have to have licensed contractors to do all work even the simple stuff like hanging drywall and insulation and other stuff. I did not know im new an ive seen other landlords do this stuff no problem. but i cant get enough funds to fix it because contractors that are licensed and bonded are 300% more then then a handy man. now i think i have to sell but all the investors wont touch it because they said that it is tagged and will be to much for them to work with the city and it seems like will be stuck with a duplex with one tenant not paying and the upstairs not livable because the wals are out. I need some hope.

I paid 42000 for property it’s a duplex rents are 600 per unit I would be happy to get what I paid so far which is around 50000after the repairs I have performed but I keep getting told the loan amount is to low 

I’m told by several that to loan amounts are not high enough

I started out with $100000 and was able to purchase three properties and renovate one of them but i am now unable to find a bank that will lend me my cash back to reinvest it to purchase more what are some ideas on what i can do ton kick my business in to overdrive.

i almost got tripped up with the Success path by tarek and christina el moussa from hdtv flip and flop, which is ran by premier financial education or something like that out of Utah. Which brings me to question why these Guru's seem to all be out of Utah.  Is the law in there favor in that state or something.

Thank you everyone I am so excited about the opportunity on here.