Added reply in a thread Financial question 9/15/2016 10:11 AM

Well you are wrong. Hedge funds are coming in droves to get in on these. It's pretty simple. I buy the property at the tax sale if the people pay the taxes I earn 10% on my money. If they don't I get the property. The only problem I have had so far is ... more »

Added reply in a thread Financial question 9/14/2016 5:27 AM

You haven't been following the thread. A property can be a great investment. Living in a home for 30 years and paying interest, maintenance, remodeling costs, taxes, HOA fees, etc is where people lose money. In some markets like California and according ... more »

Added reply in a thread Financial question 9/13/2016 1:47 PM

I need about 200 more acres then maybe.

Added reply in a thread Financial question 9/13/2016 1:46 PM

I have a 5th wheel with 2 slide outs now and it's worth about 6,000.00 more than what I paid for it. I love the thing once we get it parked but I don't enjoy pulling it. For some reason it makes me a nervous wreck. We have had flats twice and maybe that ... more »

Added reply in a thread Financial question 9/13/2016 11:13 AM

Not I get what you are saying and as everyone had said there are certain inherent costs associated with living. My house is paid for. I bought it at a tax sale gutted it and sunk a healthy chunk in it to get it how I wanted. If I had sold then I would ... more »

Added reply in a thread Financial question 9/13/2016 7:09 AM

Because rent rises but so do taxes and and other expenses so it basically offsets. Also most people rent far more than what they need. America is against living modestly for the most part. The argument that you have to live somewhere is nothing more ... more »

Added reply in a thread Financial question 9/13/2016 7:01 AM

Building is usually a can't miss investment. It sounds like you are in an excellent market and will do well with this next venture. As for me reaching I am not. I am a contractor by trade and labor is what most people get wrong. I hear all the time that ... more »

Added reply in a thread Financial question 9/13/2016 6:13 AM

It's hard to quantify all that labor but how many hours did you and your kids put in? What do you make an hour? I would assume you are salary but they base that on a 40 hour week right? In most cases a second job or overtime at ones job will net far ... more »

Added reply in a thread Financial question 9/13/2016 5:19 AM

In my cousins case he not only lost money he didn't need so much house. He bought bigger than he needed as an "investment" he could have rented something more suitable for far less. In his mind rent is "just throwing your money away". Yes I know he sounds ... more »

Added reply in a thread Financial question 9/13/2016 5:08 AM

This guy gets it! I invest in real estate and I only buy properties I see as sure things. That doesn't mean they always are but that's at least the way I see them. I'm going today to give a price to a couple who bought a property to flip. They overspent ... more »

Added reply in a thread Financial question 9/13/2016 5:06 AM

if you read the thread we all agree there is a difference. Buying a home as an investment is different than living in a home as an investment.

Added reply in a thread Financial question 9/12/2016 6:43 PM

I invest in homes all the time. Some I make money on and some I don'. There are many variables some unforeseen and some beyond my control. We bought a property not long ago that was on a septic system. The city came along and said we had to upgrade and ... more »

Added reply in a thread Financial question 9/12/2016 6:37 PM

Because I wanted to talk specifically to Iwreckalot who is interested in flipping a house.

Added reply in a thread Financial question 9/12/2016 2:54 PM

I don't believe a home is a good investment and some here disagree. I proved by using numbers and basic math that a home is actually a pretty poor investment. They argued that it's a good investment. They have no valid reason for believing this other ... more »

Added reply in a thread Financial question 9/9/2016 2:51 PM

Most properties are dated and I end up demoing what's there any way. The more mold I see the more GOLD I see!

Added reply in a thread Financial question 9/9/2016 2:34 PM

Yesterdays Moldy basement! I made an offer of $25,000 for this one. Besides the pet smell they had 2ft of water in the basement all summer. The walls are alive with fuzzy mold!

Added reply in a thread Financial question 9/9/2016 2:31 PM

Found this in a garage yesterday. Still hooked to the trickle charger and has not been licensed since 2014.

Added reply in a thread Financial question 9/9/2016 2:27 PM

There are great bargains out there. I buy properties under 10k all the time. I don't always make much and occasionally the "clean" title isn't so clean, but the deals are still there. We did a cash for keys about a month ago on a rental situation. Two ... more »

Added reply in a thread Financial question 9/9/2016 2:22 PM

HUD, Fannie Mae, Freddie Mac, and the VA have put Safeguards in place (usually a 15 day hold) to keep investors like myself from being able to buy the property before it hits the market. The premise of the program is to allow first time home buyers and ... more »

Added reply in a thread Financial question 9/9/2016 1:26 PM

The guy's name is Dave Clarke and his wife is Kimberley Clarke. She is a realtor. I have no idea how he does the things he does? I'm sure he runs it all through LLC's and shell companies. That's how it is done. He has lost multiple properties to tax ... more »