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I'm waiting to see if the rehab was done correctly for the amount of money, he is far from out of the woods.
I know the Title company and am keeping my eye on the process.
Way ahead of ya Jay, took pictures the other day.
As you see, Detroit is on the 7th place, before cities like Atlanta, K.C., Vegas, Phoenix and some other ones.
Lol, come on man. A yahoo article. It's like a little kid saying my area is better than your area.
The ball is in motion, it will be near impossible for John to do anything when we get done with him. My associates and I don't take kindly to people making our city look bad.
that link is a direct link from the chat. don't know how else i could do it. sent the paperwork you sent me to my lawyer, just waiting to hear back from him. Need to check the taxes also so you don't lose it in the tax sale this august.
doubt i will get a response
https://twitter.com/GreaterKCHomes/statuses/210451287274307584
Looks like he is still busy at it.
If it's New York the easiest way is to contact an attorney. He will walk you through the process.
So is money owned to somebody on the properties. If so, the easiest way is to list it with an agent and then the bank or note holder must approve the short sale. Relieve you from the bad debt at least
Looked at the property i wanna say back in 2008, it had flood issues that bothered me but was a good buy for the price. I need more information but i can help. At least tell you if it's tenanted and what shape it is in, can see who's name is registered on the property at the city. My email is [email protected]
KC same if your buying in 25% gross yield areas your buying in the low blue collar rental areas of that I am positive. So this market will be there for years to come.. as the landlords fail investors pick up the houses and cycle returns.
25% percent is common for A and B. Your not doing something right if C is that low.
Section 8, another reason our country is in the trouble we are. I hate government housing! Our taxes for the people that can't pull there own weight.
Lol, then why did your friend move here to get 100 doors. To make that money!
I don't really want my 10K sitting in escrow for ten years. This is a long term passive income for me Jay, I plan on renting my A, B, and C till i am ready to retire.
Why can't you sell it to the investor if you are up front and they can still make good money. If everybody is up front it can be a successful business. I'm making money, my clients make money, i don't even let them buy any C class till i have lined them up with some A and B class properties. It's a cash machine, I wouldn't sell something to somebody i wouldn't buy myself.
I can offer homes for 25,000 with 600 rents a month, ROI 30 to 35 percent.
I could do better in St. Louis, but i put it on the same level as Detroit, Memphis, Cleveland, Baltimore, and we can't forget Flint, MI.
that's why it pays to fight fire with fire, lets just say i don't ask and my property manager doesn't say.