All Forum Posts by: Ryan R.

Ryan Outon remember who you are marketing these deals to. You are marketing these homes to savvy real estate investors who know a lot more than you. Why wouldn't they just wait until the house forecloses and then offer the bank less than what you are asking?

I think you will find that these types of deals are far more complicated than you think. Not to mention the legality aspects and licensing that you are overlooking.

Ryan Outon, I like your idea on paper, but I don't foresee it working out quite so well in practice. Here is what would probably happen in your scenario...

Kelsey needs to sell her home ASAP cause she is moving out of the country. She calls one of the big name Realtors that she see's seen on the billboard by her house and from TV commercials. She tells them she needs to sell ASAP and is willing to take less than market value for her home.

The Realtor calls a few investors who he knows personally. These investors have deep pockets. One of the investors offers her $220,000 and can close in 1 week. She accepts the deal and moves to Scotland...

Now, how do you make her a better deal? How do you make her call you?

Ryan Outon, do you already have such a deal as this? I think you will find it difficult to find sellers are who willing to lose $100,000 in equity. At least often enough to build a business off of such.

Hello Rolanda Eldridge. I guess it depends what your purpose for the website would be. What are your goals? How would this website help you achieve them?

Would you market your properties from this website? Are you getting into property management?

Good points Harry M. You're right about people being more mobile than ever. In times past, a family's home was the hub of their lives. Now, peoples careers are their hub. They go wherever the job takes them.

If all this is true, there will be a greater need for people to find rentals than there is today. Perhaps someone should create a type of MLS just for rentals. It doesn't seem like what is available today is very comprehensive.

So you're just going to paint it and then sell it? Sounds too easy. Why didn't the previous investor just paint and sell it for a big profit? Sounds like there are hidden factors here.

Ben Carpenter, if you decide to scrape the ceiling yourself, use plenty of water. If its tough to get off, spray more water on it. When you get it wet enough, it will peel off quite easily and the water will keep the dust down. Be sure to let the ceiling dry out before you prime or paint the ceiling though.

You can also skim coat the ceiling if you don't want to scrape it. Just get a lot of drywall mud and float it out smooth. Sand any imperfections (lots of dust).

Rob K, I'm not passing judgement on the next generation, I'm talking about my own generation. Slackers is a great term to describe them.

As I map out my investment strategies for the next 5, 10 and 20 years, I can't help but surmise that RE investing will become easier. I could be wrong, but here is why I think I'm right.

My generation, (I'm almost 30) by and large, has no definition for the term Wealth Building or Sacrifice. They seem all too eager to play video games, live with their parents, buy cars and trucks they can't afford and purchase clothes that are marked up 300% . They appear to be very successful at first glance, but their savings accounts reveal their inability to survive even one month without their paycheck.

Most don't even know how to take care of a house. If the toilet quits working, they immediately call their dad or a plumber. They don't know how to start a lawnmower and wouldn't know what to do with it if they could. Their idea of maintenance is to let things deteriorate until they completely stop working. All their free-time is spent on an iPhone, the internet or TV, absorbing garbage.

They don't know how to think for themselves, and they don't want to. If a company doesn't provide a paycheck for them, they would starve before they figured out another way to make money. They cannot solve problems with critical thinking. If a job doesn't involve "clocking in" its "TOO MUCH WORK FOR THEM"!

They have been groomed into a society that never pays anything off. They have literally become slaves to the lender; And they're okay with it. I don't like to refer to them as helpless, but it does effectively encapsulate their condition.

They only know of 4 ways to become wealthy. Become a musician/actor, professional athlete, get lucky in the stock market or win the lottery. Outside of these means, they then look to the government to provide for them.

As such, when troubles come, they cannot endure the storm. They have no savings, they have no back-up plan. I think we will see instances of foreclosures increase and more opportunity for disciplined investors. The one caveat to this is property management will change. It will be called property babysitting and it will be in high demand.

What do You think?

Arnold Komitzky, the additional insured is reserved for any other parties who hold an interest in the property being insured.

For example, when you finance a home through a lender, the lender will request to be put on your homeowners insurance as "additional insured". In the event that the insurance expires/lapses or for any other reason is not renewed, the additional insured will receive notification.

You must protect your asset by insuring that the buyer has and maintains adequate insurance on the property.