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All Forum Posts by: Vicki Gleitz

Vicki Gleitz has started 46 posts and replied 221 times.

Post: If someone handed you 100k

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

First, I would give out a huge hug and say Thank You! about six thousand times.  Then, after about five hours of non-stop stimming and happy flapping, I would sell my home in Bennet, combine that with was given me, purchase housing in Pueblo and start the non-profit I am planning a little earlier. 

Post: Renting for less than fair market

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

The problem is solved. Today, while planning our Autistic retreat in March [the first retreat of its' kind EVER, and not because it is being held at a nudist resort] I met a woman from the Pueblo area who is more than eager to be of assistance.

Our plan has been to put together an intentional Autistic community within an already existing community.  My son purchased the first home, but it will be a few years before the other homes are purchased.  In the meantime, he was planning to rent it out as a regular rental, but at a price that would be affordable to the hard-working poor.

The woman I met today  has contacts with a group that mentors other people with invisible disabilities [ including autism] who, because of lack of acceptance by the non-autistic culture, are relegated to minimum wage "fast food" jobs. [ while the piece of paper documenting the completion of their doctorate is yellowing with age on the bathroom wall it has been taped to]

Someone posted a somewhat "snarky" comment about homeless people.  It is estimated that one out of 3 homeless are Autistic. Autistics are 28 TIMES more likely to attempt suicide than the non-Autistic person.  That is the leading cause of death for my people [ the "Bill Gates" of the world will most likely die by other methods.  Autistic and bi-polar Robin Williams did not]

Our hope, by renting to people with less financial means than many, is not to invite fiscal failure, but to encourage the next Susan Boyle, Dan Akroyd, Einstein, or Mark Z. [Facebook co-creator] Or maybe to help a single mother who has children with dreams as big as anyone elses.  

Of course we feed the homeless and such as well. As Autistics, though, we tend to LIVE what we believe,just one of the many "weird" things about us.

Post: First Wholesale Deal Closed!

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

I am SOOOOOOOOOO happy for you! [[Big Hug!]]

Post: Diary of my latest flip

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

I LOVE what you are doing!  Thank you so much!

What you posted made perfect sense to me.  I have also had "AHA" moments that were so profound that I both "lost my words" and needed confirmation of the sanity of the nearly insane enthusiasm produced by the revelation experienced.

Post: My Dad

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

My dad was a succesful realtor many years go. If he can see what my son is doing, I am sure that he is proud.  I also feel that if he were alive and active today,he would be an incredibly succesful investor.

My dad was one of the pioneers, over 50 years ago, who made real estate a respected full-time profession.  As far as I know, and I have been told, he was the originator of the "neighborhood newsletter" way back then. [remember, there was no internet 50 years ago] 

I have been reading ideas  on BP on finding possible leads. One of them is to check to see who has died.  My dad did that too.  BUT, what my dad did was check the obits because he would halt newsletters to the address for several months.  Why? Because he knew that it is generally unwise for a widow or widower to make major decisions in the first year after the death of a spouse. He would not take advantage of others vulnerabilities.

When there is NOT a bereaved spouse left behind, though, I believe that a compassionate, scrupulous investor can actually be of assistance in the grieving family by being there for them and making the process of asset liquidation easier. 

So, the question is, how to know for sure, in the case of a death, whether you are taking advantage of a spouses vulnerability, or are in fact making it easier for a family going through a difficult time.

my dad passed years ago, so I cannot ask him.

Post: Renting for less than fair market

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

there is no mortgage[he started saving at 9 years old] Insurance, property taxes, security system, and trash pick-up come to about $182 a month I think.

Post: Renting for less than fair market

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

We were thinking of someone working for $10 an hour who could not otherwise find a clean, safe, and pretty place for their kids to live in. Why wouldn't they stay?

Post: Renting for less than fair market

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

In February, my son will be renting out the 3/1 house he bought in September. Ultimately,in a few years, this house will be one of many of homes in an Autistic intentional community within an already existing community, but in the meantime it will be a regular rental.

He would like to rent the house for less than fair market value.  He is thinking renting it for about $500 a month with the tenants paying for all utilities except for the security system and trash pick-up. [ which are not actually utilities] These, along with insurance and taxes, will cost my son about $182 a month. 

The home has been renovated [actually, we are still working on it]and the roof, plumbing, electrical etc. are all in good condition.

Do you think he can rent it out at this price and not lose money?

Post: Renting for less than fair market

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

In February, my son will be renting out the 3/1 house he bought in September. Ultimately,in a few years, this house will be one of many of homes in an Autistic intentional community within an already existing community, but in the meantime it will be a regular rental.

He would like to rent the house for less than fair market value.  He is thinking renting it for about $500 a month with the tenants paying for all utilities except for the security system and trash pick-up. [ which are not actually utilities] These, along with insurance and taxes, will cost my son about $182 a month. 

The home has been renovated [actually, we are still working on it]and the roof, plumbing, electrical etc. are all in good condition.

Do you think he can rent it out at this price and not lose money?