All Forum Posts by: Debra Leeson

Any where you go ... always, always, always keep your eyes open and be alert to vacant houses.

yellow letters

follow up

here are a number of very skilled investors who beg @Rick Harmon to be in his presence for...blah, blah, blah,

I CERTAINTY will Not be one of them.  good luck

I agree with Bob Bowling.  Tow the truck. That was my first thought.

Also, I would put in writing to the tenant that any future fines would be her responsibility. Include that you are willing to release from her the current with her giving a written 45 day notice.

& hey BP...can he give her a 60 day notice that as the new owner, she needs to find other housing and she MUST vacate to premises on or before the 60 day deadline.?

Rick Harmon, you may enjoy quipping out criticisms, buy you lack of helpful information shouts loudly. sell your stuff some other place.  That's two cent.

Love what you said:

"I look for guys who are what Dave Ramsey would call Teachers at Heart. If they take their time going through a home teaching me their trade then I know they are proud of their work."

Great advise for my future. Thanks for the advise and good luck with your deal.

where is your 200K coming from? Checking, savings, SDIRA.

I would only do this through an SDIRA to build tax free interest. Your SDIRA should be through an REI friendly company like iPlan, Quest, etc. Do it legally through SDIRA comapny and exchange money for note and mortgage. Your SDIRA will handle the details.

Don't have SDIRA? Get one.

abc

old wiring is a problem

If you already have 9 CC between you & wife, I do not think closing them would be advisable.  Closing CC cards can lower you score unless they are extremely new cards. It's. important to maintain lengthy accounts.

Just my two cents worth.  I'm not expert. Just my opinion from a couple of decades of learning.

How and where do we go to use these funds for our fix n flips? I think you are looking for private money, people with SDIRA that are willing to fund a deal for you through a loan or partnership.  Only one way. Personal relationship.  

network, network, network. Do NOT even mention money until you talked to the person at least three times and one month after meeting.