All Forum Posts by: Walker Seid
Walker Seid has started 18 posts and replied 159 times.
Post: Contractor threatening mechanics lien unless his extortion is paid

- Investor
- Boise, ID
- Posts 174
- Votes 51
You should have fired him a couple months ago. I say pay him the money and then sue him in small claims court for loss of income due to not completing the work on time. Maybe you can make something off of him
Post: Would you invest in 401k instead of invest in real estate?

- Investor
- Boise, ID
- Posts 174
- Votes 51
I say cash it out and buy properties. I cashed out 100k and bought 3 houses. My CPA told me that I was a train wreck. I did it in November and already have 100k in equity and am cash flowing $700/month. I wasn't making that kind of money in my 401k. You need to create your retirement and not let the wall street play games with your money. I would be making more money but i'm living in one of the houses. Good Luck! If you invest through a self directed IRA you won't get all of the tax benefits either. Create your own destiny!
Post: Need Advice! Would you ever Invest in a property that was once used as a care home?

- Investor
- Boise, ID
- Posts 174
- Votes 51
Make it a better care home. You will probably make great money. Look at the large population that needs that type of housing. You might even get government subsidies.
Post: Any Advices on buying a house and a land from my aunt

- Investor
- Boise, ID
- Posts 174
- Votes 51
Buy it and figure the details out later. Take action. You know the house will cashflow great. Put a manufactured home on the land or live in a 5th wheel while you build.
Post: Subject to

- Investor
- Boise, ID
- Posts 174
- Votes 51
I am interested in doing subject to deals. Is it legal to do them in Idaho?
Post: Subject to

- Investor
- Boise, ID
- Posts 174
- Votes 51
I am interested in doing subject to deals. Is it legal to do them in Idaho?
Post: Phil Grove

- Investor
- Boise, ID
- Posts 174
- Votes 51
I'm listening to a webinar from Phil Grove with a houston meetup that I couldn't attend tonight. Has anyone heard of him and what do you think? I am thinking he is a GURU.
I'm listening to a webinar from Phil Grove with a houston meetup that I couldn't attend tonight. Has anyone heard of him and what do you think? I am thinking he is a GURU.
Post: What if you make a lot of monies with day job?

- Investor
- Boise, ID
- Posts 174
- Votes 51
I own property in Idaho and currently live in Texas. I do that because I make great money at my day job but want to someday move back to Idaho. I self manage and it seems to work well so far. My mom is a real estate agent and does the showings for me. I think if you screen your tenants well and set up clear parameters at the start it can be done easily. I do have someone to small maintenance work and when I go back a couple times a year I do inspections. I also think if you buy quality houses you will have less problems. I attract families instead of young people looking for their first house. Less wear and tear and less drama.