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All Forum Posts by: Vicki Gleitz

Vicki Gleitz has started 46 posts and replied 221 times.

Post: Anyone out there specializing in under 30k properties?

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

What totally frustrated me in the "Harry Potter" series was the admission process to get into "Hogwarts." Though Dumbledore and most of the staff were most excited about the wizards who would grow up and use their powers to make the world a better place, those who followed the teachings of "He Who Shall Not Be Named" were also welcomed to be taught, no matter how greedy their intentions might be. 

Post: First Deal in the books-73 days

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

Be-yoo-ti-ful!  Good on you!

You want a copy of a young mans' suicide note?  OMG OMG OMG Do you not see how wrong that is of you? 

Post: Sub$30k - Property pictures

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

OMG!  These are all so beautiful.  I remember living in rentals 35, 40 years ago, and they were all so nasty.  They all had to be perfectly clean and totally clutter free [not even a coffee pot on the counter] to look anything less than totally filthy. 

I have noticed that many of you are millenials. By what I can see, if you are even remotely typical ofyour age group, you are representative of a generation that is ambitious while still believing that even people with little money should live in a nice home. You all should be so proud of yourselves.

Post: Anyone out there specializing in under 30k properties?

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122
Originally posted by @Lisa Phillips:

@Angelique F.

@Richelle T.

@Edward Briley

@Pyrrha Rivers 
@Edward Briley

Wow!!! Oh my goodness! I sorta teared up at the truth you guys started speaking. Yes, Yes, YES! We DO make a difference if we are responsible, AND our eyes are wide open. With this insight and knowledge, its a very win/win for every single person, as long as we treat the people in that neighborhood, our tenants, and are assets with utmost respect!

I love it!!! You're words add to the platform that I now advocate (I see a vision where my "middle class army" of regular people learn not only how to build wealth, how to transform their businesses and the communities they do business in! To see you all making it happen, and experiencing that feeling of success, validates so many of the hours I put into trying to make people see, not with naivete, but with a savvy business sense and a feeling of responsibility. Im going to keep reading this thread, but your words speak truth to power, and we can really make a difference in this world. A SERIOUS, heartfelt difference. Much success to every single one of you!

 Lisa, You are such an incredible young woman! I love your integrity and compassion! Many people should possibly stand next to you without saying a word in hopes that your KARMA rubs off on them [except it does not work that way]

My 20 year old son closes on his house next Monday. Because of extraordinarily painful neurological problems, he will be renting the home out and staying with us for a few years until the home becomes a part of an Autistic community a group of us are working on starting [ my sons' neurological pain is not connected to him being Autistic] 

He had already decided that he has a responsibility to improve the neighborhood and we had already thought of differrent ways to do so [ mentioned earlier in thread]

Just yesterday we were at the property taking measurements for rehab projects on the home and met a couple of the neighbors.[ they let us taste green chili they were cooking, best in the world EVER] We told them of my sons' plans for helping to spruce up the neighborhood. We were super upset when they made us aware that not all, but MOST of the neglected looking homes in the neighborhood are rentals owned by landlords who don't care. We were/are devastated and angry. 

Being 'creatively" wired, I have always thought outside the box [ I have never been in the box.  For years I looked for the darn thing.  Recently, when I became aware that there were probably NOT  chocolate mint girl scout cookies in there, or anything else of real value, I stopped] and talked with the neighbors about possible solutions. We will be discussing this with them more after the closing, but we are thinking about some sort of "rate your landlord" type project that is accessible for everyone in the area. Even homeowners living next to landlord owned homes could give their input. And I think that could twist the arms of greedy landlords to take care of their properties and treat their tenants right.

There is a huge amount of burglary and vandalism in this area. My understanding is that many long-time residents feel that much of the vandalism is a direct result of animosity towards unfair landlords. I can understand this.  We want to be positives in this area, and I think that the mentioned project might be one way to do so.

Post: Buy and hold without a credit score?

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

My 20 year old son only filled out one credit card application because we knew it would be a "done deal."  He has a secured credit card which he pays off every month.  He also has a "passbook" savings loan.  He went to the bank, borrowed $4,000 of his own money.  He immediately paid $3,000 back so that his debt ratio would be attractive.  At this point [2 months later] he still has zero credit because these companies only start reporting [good] credit 6 months after the loans are established. He is paying cash for his first house [closing on 15th] but will need good credit for the rest.

Post: Anyone out there specializing in under 30k properties?

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

The house my son is purchasing will be in good condition in a couple of months and have great curb appeal.  We do want to help the community thrive.  OTHER than fixing up the house he will be renting, what can he/we do?  

The things we are considering; My son needs to live in his home for 4 months before renting it out [Nationwide insurance requirement] so he is planning on meeting his neighbors during that time, having coffee, lemonade, and cookies on the front porch and welcoming all to help themselves a couple hours a day, joining neighborhood watch, and he and my grandsons are already planning to ask a few of the elderly homeowners if it would be alright to paint or fix their fences or whatever [small stuff] Would these be good things?  And what else? Is there such a thing as a landlord support group, where landlords in low-income neighborhoods work together to improve things or will we have to start one? 

Post: Anyone out there specializing in under 30k properties?

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122
Originally posted by @Edward Briley:

Wow, I cannot even believe this post.  How to find sub-$30,000 properties?  They are all over.   Listen in my opinion, if you can pick up dirt (dirt being a lot) with a home on it that is usable for a very reasonable price is a no brainer.   I have even been thinking of Detroit, because of sub $1000 homes.   People listen, until investors get involved cleaning up communities - property values will decline.  Nothing is wrong about buying a property in a bad community, fixing it up, flipping it or renting it out.  Now with this being said, I make sure that if something would happen to the property, that I would be able to rebuild.  Some older properties you may not be able to do it, because of new laws.   In the past when a young couple was looking for a home, the only thing they could afford was a so-called, dilapidated dwelling.  Now a young couple expects to move into a completely rehabbed home is their first property, and people wonder why housing values are not increasing?  Listen Investors, it is up to you and I to rebuild these neighborhoods, that is our job.  The housing market has never been better for someone that has saved their own money to buy a house for cash.  Most people that have saved their money also have decent credit to flip these homes.  Everyday I get up and scan all of the housing sites find homes for less than $30,000.  I look at the property and figure out what it will cost to get it livable, or resell-able.    Many properties I have to refuse or low-ball because it will just take too much money to rehab them, but if I can get it a a reasonable enough price I will buy it.  Many slumlords will buy them, and rent them.  I am not a slumlord, and for this reason realtor's don't like dealing with me, when I am the kind of investor that makes them money in the long run.  Very few have ever made money by buying the best home in a community and letting it dilapidate.   If you are that kind of investor, you are not an investor you are just greedy. 

Post: House Insurance Question

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

We found insurance.  LJ will have to actually reside in the house for 4 months before they can switch to an insurance where the owner does not live there [ renter].  That's okay. LJ will be able to learn to do most of his work on the computer in Pueblo. Either I, or another family member will be staying with him, and he will have the opportunity to get to know the house [and how to take care of house issues] and the town during this time. 

He has also invited some other Autistic and disabled activists to stay for a few days during this period so that they can determine if they would eventually like to be part of the intentional Autistic and disabled community within an already existing community that we are planning.

Post: Business Plan Life Plan

Vicki GleitzPosted
  • bennett, CO
  • Posts 225
  • Votes 122

My 20 year old son is closing on his first house on the 15th. Last night he presentedto me what he called his "Business Life Plan,"  LJ is disabled and for his entire life we have been told that he "could never do that," [referring to things that he has since done] and that he would someday need to be institutionalized. He/we has spent his entire life proving the "experts" wrong. 

LJ is on disability. He showed me his business plan where, through real estate investing [and other avenues] that he will be off of disability within 5 years. The plan is well thought out, practical, and amazing.

I am so glad that, like the Lewis Carrol character, I choose to believe 6 impossible things  every day, before breakfast.