All Forum Posts by: Robert Fornwalt

you should start with all the free infomaition on this site. like 

The Financial Independence Blueprint videos. those are a great start

not every wall mount fits every tv. if they put a wall mount up I'd say when they leave they must return it back to original condition. I wouldn't let them try and run the cabling in the wall.

if you can find their new address I would forward all photos and information to their new landlord.

just wondering if you went through with biding on any properties on Hubzu.com.

good/bad?

I give a discount.

 example rent is $950 due on the first. if paid on the 1st I discount $50 to $900

if paid after the 1st its $950. no late fees or grace period.

why because if rent is due on the first and you have a 5 day grace period then rent is really due on the 6th. and that's when they will pay.

my 2 cents

why 25% down instead of 20%?  and taxes seem very low where is this at?

can you contact the owner of the other 3/4 of the quad? i'd start there.

@Kenneth Garrett yes I would in the second position.  thanks for the advice.

how should I structure this deal?

a fellow Reia fix and flipper has almost completed a rehab.  but ran out of cash to finish. the project needs a new roof and some windows need to be replaced. all in all about $8000 to $10000 should cover it. he is looking for a short term loan maybe 2 to 4 months.

so how should I structure this?

-do I charge interest? and how much? it could take more than 4 months to sell. but it looks like it will go quick. not overpriced. 

-do I just charge a flat fee? 

- just take a percentage like I'm a partner in the deal?

if I did it like a short term loan say 10k @ 12% and it only goes 2 months not sure it would be worth it?

any help would be appreciated 

I had to read this twice. first, I thought you said you had a 5 plex @ $160000 fully occupied. and needing only 4 units updated.

after I reread it I see its an 8 plex that needed 7 units renovated. 

sounds like an even better deal what are the rents and what class property is it?