All Forum Posts by: Sean Cassidy
Sean Cassidy has started 5 posts and replied 83 times.
Post: Help with Extreme Seller Situation
- Investor
- Brownville, ME
- Posts 83
- Votes 35
Are the ex inlaws on the loan or just the deed?
Post: Income verification, how do you spot the fake pay stubs ?
- Investor
- Brownville, ME
- Posts 83
- Votes 35
You guys get bank statements from renters? Where I am I'd get laughed at for such a request.
Post: You know you're a real estate geek when...
- Investor
- Brownville, ME
- Posts 83
- Votes 35
When you drive through a new area and your SO instinctively starts pricing every house for sale... Then pulls up Realtor.com and is always within 10k of asking.
Post: Any one have experience with Third Axis Investments out of KCMO
- Investor
- Brownville, ME
- Posts 83
- Votes 35
Not my cup of tea, but an interesting business model all the same.
Post: I'm new. Is this too much to bite off immediately?
- Investor
- Brownville, ME
- Posts 83
- Votes 35
@David Dachtera I would guess the same way many sellers do. They need 896k so that's what they want for the building. LOL
Post: Beginning with 10K, options in investing
- Investor
- Brownville, ME
- Posts 83
- Votes 35
You'll be flipping in Dallas? What is the price range you're looking at? You may be able to use hard money provided that 10k is a reasonable portion of the purchase price of the homes you're working with.
How about equity in the house you own? Could get you something more to play with.
Post: Offer Submitted on 32 Unit Portfolio
- Investor
- Brownville, ME
- Posts 83
- Votes 35
Yep, it's like D&D for grownups. I will go over deals that I don't even like with my spreadsheets just to see if there's another creative way to make them work. When I'm bored that is.
Post: Quickbooks online or desktop?
- Investor
- Brownville, ME
- Posts 83
- Votes 35
The only cloud service I'll ever use is Google. I'd give my opinion of QB online but it might get me banned.
Post: Beginning with 10K, options in investing
- Investor
- Brownville, ME
- Posts 83
- Votes 35
Depends on your end goals. Do you want to flip or hold em?
If you're looking for holds and have solid credit that's enough to start house hacking with if you use a first time home buyer program. (You still qualify as a 1st time home buyer even if you've owned a house, I think it's gotta be 3 years since though.)
Post: Invest or focus on Student Loans
- Investor
- Brownville, ME
- Posts 83
- Votes 35
I used to be a debt collector calling on student loans. You know who I called most often? The people that I called most often came in this order.
1. Dropouts or useless degrees. Only went to school for the 'free'money.
2. People that busted their humps in school and tried to payoff the loans, and life threw them one bad turn that wiped them out.
3. Insane people.
Don't be number 2 if you can help it. I say, if the interest is low on those loans then it's almost free money. Pay it, but build equity and income outside the W2 system. It's my opinion that it's better to have added income and equity than nothing but be debt free.