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All Forum Posts by: Troy Durrette

Troy Durrette has started 16 posts and replied 176 times.

Post: Need cash out of a FREE and CLEAR property

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

Thanks all, but I liked to shed a little more light on the situation. They had a GREAT job, for 12 years, then got downsized. The home got forclosed on, took out the 401k and bought a house cash, lived off what was left til today. They have a good job now and looking forward. Back to an affordable pmt. point. 

Post: Need cash out of a FREE and CLEAR property

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26
Originally posted by @Troy Durrette:

I have a friend (Potential Private Money Investor) who owns a house free and clear with BAD credit. How can we get cash out of the situation. I was thinking less money than more, however, if it can be done, and its a lot to it, they are willing to pull out more vs less. Does the amount matter? I have some thoughts but not sure. 

 By the way, it's OWNER OCCUPIED. 

Post: Need cash out of a FREE and CLEAR property

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

I have a friend (Potential Private Money Investor) who owns a house free and clear with BAD credit. How can we get cash out of the situation. I was thinking less money than more, however, if it can be done, and its a lot to it, they are willing to pull out more vs less. Does the amount matter? I have some thoughts but not sure. 

Post: new member from new york

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

@David Bethel

Welcome to BP., Its not a plunge, but taking ACTION on your future, taking FLIGHT for sky is the limit. Congrats. One step at a time.

Post: New member from Missouri

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

@Matt Barker

I  know like your need MORE reading, LOL, however, Welcome to BiggerPockets. You've joined a site with a wealth of information and help. I'm still rather new to the site, but so far it's been great. Here’s some places to start with. I copied them, used them and want to share them. Good Luck

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Votes

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books

https://www.biggerpockets.com/real-estate-investing

Post: Newbie

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

Post: Newbie

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

Post: BRRR method -what about purchasing land and building on it?

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

Let us know the outcome, I'm offering on vacant land tomorrow.

Post: Vacant Land to Sell or Build on

Troy DurrettePosted
  • Flipper/Rehabber
  • Conyers, GA
  • Posts 182
  • Votes 26

I'm putting 2 parcels of vacant land under contract and was told it's in an old subdivision,    (homes built in 1970's) No sewer or water ran to lot, but sits next to several other homes, not sure were to start. What suggestions does anyone have. Home values are in the $160,000 and mostly 4 side brick. It backs up to a walking trail.