All Forum Posts by: Mark Freeman
Mark Freeman has started 2 posts and replied 186 times.
Post: Closed: 16 Unit Buy-and-[probably]-Hold
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
I thought about posting a question, but I DON'T have the patients to wait 3 months for a response :) Nice buy, congrats.
Post: Southeast Michigan tenant 2 months past due (advice please)
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
This tenant will NEVER catch up at this point! Get them out ASAP!! (There isn't any other good option).
Post: Brand new 4-plex.
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
No chance they'll accept it. I doubt they will even counter. (Having said that, I too enjoy throwing out low offers). They would probably lose money selling anywhere under $600k. (Just a wild guess, but you're talking about 4400 sq. ft. of new construction here along with the land, permits, fees, and everything else that goes along with it). If you are willing to get in the neighborhood, $750k, that the other one sold for you might have a shot. Good luck.
Post: Urgent pre-foreclosure purchase opportunity
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
Offer the sellers $6,000 cash for keys if they are out by Friday, otherwise you're not interested. Then make the money back in increased rents in the first year. (Not to mention all of the additional rents in subsequent years and leaving the headache behind).
Post: Should I Walk?
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
Post: ~500k liquid to invest, recommendations?
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
@Gregory Van Heest I recommend that you be careful about telling the world that you have $500k liquid to invest. There are a lot of scammers out there!! Having said that, $1/2 MIL is the minimum amount to get into my sindication. PM me if interested, JK!
Post: Home inspection while property still listed?
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
@Donald M. I think it is very reasonable to wait until you have a signed agreement to spend money on the property. Who wants to spend money on a property that they don't have rights to, or may not end up with?
Post: Drywall Annoyance
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
@Benjamin Mueller You have 516 houses and you are doing your own drywall patches? Time to get some help my friend!
Post: One of your properties neighborhoods starts to go downhill, what do you do?
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
@Jarred Sleeth Tax exchange while values are still good into a better neighborhood. That liquor store will continue to bring nothing but trouble!
Post: My first flip at 26, a woman, ZERO construction skills.
- Real Estate Investor
- Clovis, CA
- Posts 195
- Votes 194
Originally posted by @Linda Weygant:
I don't know that I have a chip on my shoulder, but I absolutely believe that when people are being racist or sexist - even if it was not intentional - that it needs to be called out. Pointing it out is the first step to making it go away, in my opinion.
Going around calling everyone racist or sexist is more about you than them. If these things are constantly on your mind, you are the one who has a problem with it. I believe that most people have good intentions and don't think I have ever called anyone racist or sexist and congratulate the OP for taking the high road, in this thread, on these issues as well.