Can I get a referral fee for this nugget

It’s a double edge Sword if building stopped in Texas like the rest of the country you would have had massive construction layoffs like these other markets…. It’s a conundrum for sure

Figure of speech,

Rehabbers wrer my Clint’s up until the GFC

DIY have very difficult time profiting. From my experiences

99% of offshore investors will not know of or check with. Bbb

I do Nat agree with Mohavei ,s assessment of the Bbb they do and will follow up on complaints

Bbb is geared more for consumer retail purchases and services. Not real estate and lending

Ruth

You are my client,,, I have lent to hundreds of rehabbers in 25 states,

Fix and flop is a reality,,,, good luck

I will send you a link to our wholesale hardware company this will save you 500 to 2000 per projects

No sales tax delivered to your door step or project

ruth,so your buying homes and doing a retail rehabs…. and looking for investors to help you fund these deals.. This takes a keen understanding of both the market and what you need to do to compete… Ton's of competition from local contractor investors.In the good ole days we could just paint carpet and basically clean a starter house up and…[Read more]

Freckle wrote:
I think this particular problem is symptomatic of the whole housing/property market in the US but not the real problem at the moment. What I see happening is an oversupply of hot money distorting the market. (International vultures picking over the carcass of the US RE market) National and global economic fundamentals do not…[Read more]

Well thankfully you did not start in Detroit working on the units yourself would have been hugely risky as we know

Chinese love to gamble so I can certainly see their interest in Vegas

As well as a lot of ca. Calif and west coast folks like me

Emma,

The key difference with the current market in Vegas and Pheniox is that it is not being dominated by OZ thinking investors. The new investors that are moving in are not thinking they need to make 12% or better otherwise its a poor investment.

they are happy with brake even to 8%… some probably heaven forbid would be happy to be slightly…[Read more]

How bout drinks with my buddies…. I am a jeans and boots kind of guy

This was one of the big moral discussions I would have at cocktail parties,,, OH your buying foreclosures from these poor folks losing their home.

I would point out… And this is when foreclosures were processed much quicker than today

1. Average person who loses a home has not made a payment in 18 months.

2. The owner has gotten call after…[Read more]

Emma,,

thanks for straightening me up….

Its a real problem…. you have people living in houses not paying the mortgage for years and years… but being thrifty americans I am sure they are putting all those mortgage paymnents they should be making into the bank to bolster their personally savings accounts… LOL

The law that was passed:The jist of it is that if a bank cannot produce the wet copy of the original Promissory Note,, that the bank is not allowed to pursue a foreclosure through the power of sale in the Deed of Trust… Said sales being held by trustee's that are for profit business's Mainly attorney owned.In a Mortgage state or non Trust Deed…[Read more]

Socialist and communist is what your land use authority are.

Can you clarify?1. who is the beneficary of the debt ?From most lenders point of view in the US and this is why there is virtually no financiing for offshore clients.Your completely untouchable. Just walk away and lick you wounds. just like thousands of Ozze investor are going to do over the next 5 years when they realize they bought ghetto trash…[Read more]

One thing folks should look at is the    RIP OFF report,,, most of your scammers are listed there.I think Back on Mr. Patchin's posts on this forum and he seemed like a great guy, on face most people would have invested with him.JLH

speedy

let me know when you sell a house for a profit in Texas..

Not including a wholesale purchase sold to a long term investor…or another words ist gen wholesaler selling to your average OZ investor for long term hold,,, we all know there is profit in those transactions to the wholesaler and marketing companies.

I mean the long term buy and…[Read more]

Ariljoel,

The major gap I see here,,, is all this verbal confirmations.. I think we have seen were that has led a good many OZZies investing with guys because they talk a good game promise the moon,,, Some are OK others are just not ready for prime time and are practicing with the investors money.

here are some basics info every investor should…[Read more]

word of caution with Apartments in Texas.2 companies I worked with lost their apartments and you will see numerous one's forsale in distress.REASON:Little to no building codes… You have a nice complex perking along then low and behold right down the street a new one pops up.. they run rent specials and half your tenants move to the latest and…[Read more]

but then you have to live there UGH……No comparison to living in the SF bay areaOf course in Texas you can buy a mansion for 500k… In SF and then penninsula you cant buy a shack for 500k…Houses are 1 to 50 million. Reason:The SF bay area has some of the worlds best climates.  No humidity,, no thunderstorms or tornados… ( occasional…[Read more]

Crikey,Not a nice craigs list post at all.It does amaze me how people will do business with folks without checking them out in detail.Just as an FYIOne of my main source's of business is from one of the larger SElf Directed IRA companies in the US… super funds to OZZIES.This gentlemen got tired of his clients calling about so and so turn key guy…[Read more]