620 FICO gets you no out of pocket and 25K at close

[ksjg046]

Would you like to buy a new home or maybe an invest in property with nothing out of your pocket and cash a check for 25k at closing! All you need is a FICO of at least 620. We have a list of gorgeous homes that you can choose from and its possible to close and receive your check in as little as two weeks. Lets get the deal done!

Josh
210-663-2710 - Please leave contact info if I dont answer
tamuk54@yahoo.com

[Randy (SELA)]

And where can I get a copy of this list?

[ksjg046]

Well I can have access to the list if you are willing to do business with us. We can sell you a home with no upfront cost plus give you 25k at close. We use our own mortgage and title company. Please let me know if you are interested. 210-663-2710 Josh

[Debbie]

Well I can have access to the list if you are willing to do business with us. We can sell you a home with no upfront cost plus give you 25k at close. We use our own mortgage and title company. Please let me know if you are interested. 210-663-2710 Josh

Um, that almost sounds like you're not willing to provide the list unless someone guarantee business with you first?
Please say that ain't so! :whip:

Debbie

[LEE - LJ]

We need a little more info than that Josh.

Where is your Company located? What is the name of the Company you represent? (So we can do some research)

Are the properties located all over the US or in a specific region/state??

The more info you can provide in your post, means the least amount of time wasted. (For everyone)

Thanks

[ksjg046]

I work with a group of investors In San Antonio Texas. We have a network which includes title company, mortgage company, realtor, etc. The properties are located in San Antonio but we can do homes just about anywhere in San Antonio. Price ranges that we deal in are from 200's and 300's, which gives you alot of house in Texas! The list is not the issue..they are just homes that fit into our criteria. Its not like the homes are a secret..lol. All we do is buy homes for below market and sell them for market value....we take the cash out and split it with the buyer as an incentive. My network can get these deals done with people with 620 scores and a descent income. By no means is this a scam of any sort. This is a win win for all parties involved. Contact me for more info!

[Dan Auito]

I'll second what Lee above has said. You wouldn't be Joshin us now would you?

[Dan Auito]

Show me a house in Citrus County Florida. I'll dance to check this proposition out!

[Teen2233]

Dan, as far as I know Citrus County Florida isnt in San Antonio, TX.

[Dan Auito]

Yep. I was posting up at the same time as Josh. So I guess Florida is out.

[Teen2233]

Unless you can figure out a way to fit Florida into Texas...Texas is kinda big so it might work:)

[ksjg046]

You guys have to understrand that its not about the house....In essecence we could do any house that has equity. The important thing is the deal...We have devised a way to buy homes and make money doing it. Very few people in the entire country can or even know how to do what we do. It works and we have the people in place to get it done.

[SPIVALAW]

One question is the entire deal and all funds on the HUD?

************************************


I know how to do it.
But I am only looking for world peace. :>)
Good luck
Howard

[Jim Johnson]

We have a network which includes title company, mortgage company, Realtor, etc. Really... the network of players does not matter... right? But... which of these people are you?The properties are located in San Antonio but we can do homes just about anywhere in San Antonio. Why does this just have to happen there?Price ranges that we deal in are from 200's and 300's, which gives you a lot of house in Texas! 25,000 on a 300,000 home is less than 10% of the value... what ever value is...The list is not the issue..they are just homes that fit into our criteria. OK... new we are getting somewhere... Its not like the homes are a secret..lol. All we do is buy homes for below market and sell them for market value....we take the cash out and split it with the buyer as an incentive. ahhhhh... your just buying and flipping...My network can get these deals done with people with 620 scores and a descent income. we are back at the network thing again... hmmmmBy no means is this a scam of any sort. This is a win win for all parties involved. Contact me for more info!
So... let me take a crack at this... I am just a simple person here and need a simple situation... you buy (or option) a home that your appraiser says will appraise for... say $50,000 more than your contract price. The key is it is your lender, your appraiser and your Realtor... Off the bat if only your players can make this deal work I would need to look long and hard at the situation. See there is no trick to appraising a property for a contract price... the key is will it sell to the average person for that appraised amount.

I guess the question is... who determines these values... and if a 'buyer' had to sell the day after the closing... what would the property sell for?

for me... I can buy properties all day long at 80% of the appraised value... but that might only be a 10% discount from 'market value'. So... what is the real market value of these homes... and if your going to post a response... attach the MLS data that supports your program...

[Dan Auito]

There was a real problem with something to this effect here in Florida a while back where the appraiser, mortgage broker and buyers were all in cahoots, they get the property appraised artificially high, have a buyer on the line and the eventual lender and their backer, fannie mae, Hud, freddie mac, etc... Get stuck with the property after the cashout deal is done and gone.

[SPIVALAW]

If the apprasial is on the up and up, all that matters is
is it all on the HUD statement?

[Jim Johnson]

If the apprasial is on the up and up, all that matters is
is it all on the HUD statement?

Well... If I am a mortgage banker, selling these notes at closing to a portfolio underwriter, the HUD means nothing. For me things showing up on the HUD only matter if your selling a conventional financed deal. I guess another question here is concerning the loans. Are they at a PAR interest rate of are there huge yield spreads being paid. Anyway... this deal can not happen in the Fannie/Freddie programs because of seasoning issues with the deed.

That said... if your selling an option, or assigning a contract for a fee... that might be different. The bottom line is they are not giving you cash for nothing... your taking out a loan and getting some of the cash kicked back to you.

Maybe the way to buy one of these deals is to reduce the purchase price by $25,000 and them buy the home. At least your not loaning yourself the money, your LTV is better and you just might be able to sell it if something goes wrong during the first few years...

and... there are several ways to appraise a property... only one tells you what it will sell for in the current market conditions... the value of a home to a end user is what it will sell for to another end user within a reasonable time... any other value is speculation... like 'replacement cost' or 'highest and best use'.

[ksjg046]

These properties are located in Texas, mainly San Antonio. They are houses are pre-exisiting in the 200K and up range. In TX, you can get alot of home for this price. In
a nutshell, what we do is purchase homes from sellers at that may be having trouble selling their home for whatever reason. Obviously we buy the homes below market value. This could be the owner or maybe even a builder in some cases. After the the homes are purchased, they are placed in a trust. In truth, at this point there has really been no money exchanged other than the down payment. At that point, you the buyer will come in and purchase the trust (home), because the fact that we are offering you 25k to buy it is quite attractive. This can be done w/ no money down, because our investors have already fronted the down payment when the property was purchased and placed in the trust. After the trust has been purchased by a buyer at the TRUE market value, then the equity is split up amongst our investors and the buyer will receive a standard 25K for purchasing the property. This is the process in a nutshell. I know you may be thinking...This seems illegal, but I assure you that it is not, we have done this deals time and time again. The thing is this, our guy who sets uo the trust says that he is one of only maybe 3 people in the entire country that can do this and he taught one of them how its done. Honestly, I dont know how true this statement is, but I have yet to see anyone else doing this.



Again, my # is

663-2710

Josh

[ksjg046]

Go to this site here is an example of some of our homes that are available and some that have been sold.

http://www.trustbuilder.net/

[SPIVALAW]

I beleive I understand every word each of you have said.

It seems simple. buy a house below value and finance out cash.
Why do I need a mortgage company to partner on the deal?

In any event, for me, anything that is not on the HUD or disclosed for all the world to see could be challenged as a fraud.
Some body gets the short end. Maybe its just the seller.

I could be wrong.
Opinions vary
Howard

[ksjg046]

Well the mortgage is there to finance you the buyer if necessary.

[SPIVALAW]

I didnt mean to insult or criticize, I just meant not clear to me and why need someone to faciltate a low price deal?
Maybe I am missing something.
Teach us.
Thanks
Howard

[Jim Johnson]

1) After the the homes are purchased, they are placed in a trust.
2) In truth, at this point there has really been no money exchanged other than the down payment. At that point, you the buyer will come in and purchase the trust (home), because the fact that we are offering you 25k to buy it is quite attractive. attractive for the person that just loaned themselves $25,000? This can be done w/ no money down, because our investors Key Word have already fronted the down payment when the property was purchased and placed in the trust. After the trust has been purchased by a buyer at the market value What is market value? , then the equity is split up amongst our investors and the buyer will receive a standard 25K for purchasing the property `Equity share, I can do these.... This is the process in a nutshell. I know you may be thinking...This seems illegal, but I assure you that it is not, ?- have you been tested in court... of have you not been tested so it must be legal? we have done this deals time and time again. The thing is this, our guy who sets up the trust says that he is one of only maybe 3 people in the entire country that can do this and he taught one of them how its done. B.S. - sorry Honestly, I don't know how true this statement is, but I have yet to see anyone else doing this. more like he is one of the 3 people he knows that can do this...



Again, my # is

663-2710

Josh

Josh... this could well be legal, without knowing how the 'investors' are pulled together, or how the entities that place these into the trusts... well... who knows... The bottom line is... your giving a kickback. Its like buying a car and getting a rebate...

Let me put it like this...

Ahhhh... lets use a Viper for this example... because... I know then Dan will have to jump in...

I have a Viper to sell you... here is the deal... You can buy it for.. $45,000! Once we close I will pay you $10,000 back in CASH. So you go and get a loan for $45,000, you give me the money... I give you back $10,000.

Did you just buy a $45,000 car... or did you just pay $45,000 for a $35,000 car? If you had to resell that Viper... will you sell it for $45,000 or $35,000. you better hope it is the $45,000 because your LOAN is for $45,000.

If it looks like a Duck, and walks like a Duck, and quacks like a Duck...

I hope I am wrong... but I bet I am not...

[Debbie]

There was a real problem with something to this effect here in Florida a while back where the appraiser, mortgage broker and buyers were all in cahoots, they get the property appraised artificially high, have a buyer on the line and the eventual lender and their backer, fannie mae, Hud, freddie mac, etc... Get stuck with the property after the cashout deal is done and gone.

Same similiar situation by the same small group in Springfield and Decatur, Illinois. Still media's news....

[ksjg046]

Well the concept is very much like getting a cash rebate except buying property is not like buying cars because cars depriciate instantly. Real estate does just the opposite. We dont sell properties for more than what they are worth. This would be absurd because a lender wont lend for more than what a property is truly worth, well at least the last I heard By the way Jim..yes it is attractive for buyers to purchase a home and get a check for 25K. That could be used in several differnt ways, like paying the first years mortgage....Their not giving themselves a loan because they are truly buying a home for what its worth and getting money on top of that. Its a simple concept. Theres no need to try to break this thing down, because theres no scam at all. It is full proof and we do it! Im not here to try to scam or even try to make people believe what Im offering is true. It is what it is! If you are interested in buying real estate, this is the way to go. Especially for those looking to move in, rent, or lease the home.

[Jim Johnson]

1) Well the concept is very much like getting a cash rebate except buying property is not like buying cars because cars depreciate instantly. Real estate does just the opposite. Hmmmmmmm

2) We don't sell properties for more than what they are worth. (this could be true)

3) This would be absurd because a lender wont lend for more than what a property is truly worth, well at least the last I heard.

4) By the way Jim..yes it is attractive for buyers to purchase a home and get a check for 25K. (in some cases- very few actually)


5) Their not giving themselves a loan because they are truly buying a home for what its worth and getting money on top of that. (you said it... they are buying it for what it is worth... then getting money on top of that...)

Its a simple concept. There's no need to try to break this thing down, because there's no scam at all. trust me... It is full proof ?? and we do it! I'm not here to try to scam or even try to make people believe what I'm offering is true. I believe you are not trying to scam anyone It is what it is! If you are interested in buying real estate, this is the way to go. hmmmmm Especially for those looking to move in, rent, or lease the home. double Hmmmmmm

I guess we all will have to evaluate this program on its merits... These are the points I have a problem with... I will of course support my belief's if anyone would like me too... I guess with this one I am a sceptic...

So... if I were to buy one of these homes... and if I were to need to sell it right away... how much more could I sell it for than the purchase price of the trust? And one more thing... this one point...

1) Well the concept is very much like getting a cash rebate except buying property is not like buying cars because cars depreciate instantly. Real estate does just the opposite.

If I do one of these... I will give you $25,000 for buying this house thing... can I have this in writing... maybe a buyout guarantee? Or... probably not...

[ksjg046]

Well Jim, as for what you can turn around and sell the property for, I cant truly say. What I can say is that you will be able to sell it for what you bought it for, because as I have explained, you are buying the home at market value. We are not in the business of over pricing homes, we are in the business of allowing you to buy a home with no out of pocket and get 25k at the close, oh and yes this can be guaranteed in writing. You must understand this, what you do after you buy the property is your business, you can move in, sell, rent, or lease it. It is up to you. You have to make an educated decision on what you want to purchase and what your plans are after the purchase. I will say this, as you may know San Antonio is the hottest real estate market in the country and homes are not only selling like hot cakes, but real estate is appreciating quite quickly as well. Oh yea, depending on your situation, it may even be possible to purchase multiple properties and receive 25k for each purchase with no money down! Guys this is legit it works. If you are truly interested in purchasing property this is the way to go. We may be able to find properties elsewhere, but of course this will take time and leg work. Two days ago we closed on a deal that only took two weeks and cut the guy a check. That evening he had three more people that wanted to do it as well when he showed them the check. We are hoping to close on a property today, but it has not been quite as smooth because of minor paperwork issues. Were getting it done guys!

[ksjg046]

After re-reading some of your posts, it seems to me that you guys are trying to figure out where the 25k is coming from. Let me try to explain.


These are fictional figures, values are usually greater.

- Seller has home worth 175k

- Seller cant or hasnt sold home for whatever reason

- Our network comes in and negotiates with seller to buy home for 100k (giving us 75k in equity)

- Network places home in trust

- Network attracts buyer/investor (you) with the no out of pocket and 25K incentive.

- Buyer has 620 FICO descent income and is approved by our lender

- Lender lends buyer 175k to aquire trust from network

- 75k in equity is divided up amongst network and buyer.

- Buyer gets a standard 25k and property.

Remember these figures are low we usually work with homes that more expensive. An example might be a home that is appraised at 360k and we get it for 280k. We deal with nicer homes because thats where the money and equity is. If you are not aware of what a 300k home looks like in San Antonio, or TX for that matter go to yahoo real estate or something like that and take a look.

For a few of our properties, go to
www.trustbuilder.net

[Carlos]

Greetings Josh and MG Family,

I am new to this web site and find it to be an awesome source of information and a great bunch to people whom have gathered here on forum.

I am a new land lord and always looking for a great realestate deal, that being said, Josh I too live in San Antonio, can you tell me more about this posting you have? I am very intereted and will gladly share the information with the MB family?

C:smiley5:

Carlos

[Carlos]

My apologizeessss!,

Just read throught all the threads, I will speak with Josh and let you all
know how it goes?

Carlos

[ksjg046]

Carlos, please leave me your contact info so that we can talk over some particulars. I need to know what exactly you might be looking for. Are you looking to buy for yourself? Invest? Multiple properties? etc. If you are interested we can go to work asap.

You can call me at 210-663-2710
Josh

[Carlos]

Hello Josh,

I love all the scruntinizing you are getting, no offense, but I really admire the way the MB Family protects the all american way of life, if only half the people we live around where as honorable that would be a hoot!

Anyway, thanks for the quick reply I shall call you tomorrow I am headed to bed. I am interested in properites for investment and to keep for the long haul. I have been a land lord for almost 1 year now and don't mind it all, I just need to keep logging on reading more often, I also look forward to meeting some of these great people who share all there experiences and talent.

MB family your awesome!

Carlos

210/831-9805

[Dan Auito]

Carlos, glad to have you with us. If you go forward with Josh on a deal regarding his system we certainly want to know how it goes when the dust has settled. DO post up the details and progress along with the end results HERE! That would be very much appreciated by the family.

[Ron DeMuro]

After reading all four pages of this thread I definately understand what he is doing. Quite simply I can do the same thing for anybody here in florida to. As long as the appraisal supports the price. I don't know how he does it but here in Fla we call it a private payoff and you need to be on the in 's with a GC to get it done. I won't go into detail but it definately borders in the gray area. Alot of people have been doing it around here lately so they can have some cash back at closing for operating costs, furnishings, etc... If you have any questions, just give me a call.

[SPIVALAW]

I may be wrong.
I have been before.

If I am reading correctly, the fact is, if anything is hidden and not disclosed to EVERYONE, its way in the gray area and could be consider as fraud.

There is Not enough money for me to give up my freedom.
Howard

[Carlos]

Greetings MB Family,

This is a follow up to the request for investors that have a 620 score which would equate to a standard 25K profit, with zero down..

Granted San Antonio is currently a hot market, I have met with all the key players that put these deals together and the main thing that stood are these:

1) There is no house list, They find a home upon inding investor. (or sometimes they have one available)

2) 25K is not the standard ROI more like 5% of selling price?

3) Appraisals are extremly high

4) They are cashing in on potential investor equity 5-10 years out. (Hope the market doen't take a turn for the worst or you get into to trouble, if this is the case you will be stuck with a home appraised way above today price. (I believe it's call negative equity)

5) I would not recommend this investment unless you are one hell of a gambler.

6) The story about they being the only 3 people in the country that does these kinds of deals is way off as I educated some of the key players doing this thing, I also mentioned to him that if the appraisor who is performs these appraisals continue proving these types of appraisals he or she may be subject to prosecution. I would say the DA calls it loan fraud, knowingly appraising a house 20-30% above what the market will bare. I also informed the RE performing these deals how unconfrotable I was with all of this, ESPECIALLY the inflated appraisals.

Just my two cents, newbies and oldies beware, Think before you excute,

Thanks for all the MB Family who provided input, I hope this encourages at least one person to educate thmesleves before they trip hard.


Thanks

Carlos

Newbie at large,

[Jim Johnson]

Greetings MB Family,

This is a follow up to the request for investors that have a 620 score which would equate to a standard 25K profit, with zero down..

Granted San Antonio is currently a hot market, I have met with all the key players that put these deals together and the main thing that stood are these:

1) There is no house list, They find a home upon inding investor. (or sometimes they have one available)

2) 25K is not the standard ROI more like 5% of selling price?

3) Appraisals are extremly high

4) They are cashing in on potential investor equity 5-10 years out. (Hope the market doen't take a turn for the worst or you get into to trouble, if this is the case you will be stuck with a home appraised way above today price. (I believe it's call negative equity)

5) I would not recommend this investment unless you are one hell of a gambler.

6) The story about they being the only 3 people in the country that does these kinds of deals is way off as I educated some of the key players doing this thing, I also mentioned to him that if the appraisor who is performs these appraisals continue proving these types of appraisals he or she may be subject to prosecution. I would say the DA calls it loan fraud, knowingly appraising a house 20-30% above what the market will bare. I also informed the RE performing these deals how unconfrotable I was with all of this, ESPECIALLY the inflated appraisals.

Just my two cents, newbies and oldies beware, Think before you excute,

Thanks for all the MB Family who provided input, I hope this encourages at least one person to educate thmesleves before they trip hard.


Thanks

Carlos

Newbie at large,


Well... All I can say is Great Work! I smelled a rat in this post... and I believe your post confirms it...

[Debbie]

Thank you for protecting us Carlos!!!!!

You've confirmed my female intuitions that something ain't right....

Again, thank you!

Debbie

[Jim Johnson]

Thank you for protecting us Carlos!!!!!

You've confirmed my female intuitions that something ain't right....

Again, thank you!

Debbie

Debbie pulls the special 'female' power out of the bag! The rest of us guys here just have to tough it out...

Just kidding with ya Deb... I live in a house with 3 female intuitions happening 24/7. Me and my poor son just get beat on with that magical power yall have... we tend to think with our stomachs... and other body parts I guess...

[Debbie]

Debbie pulls the special 'female' power out of the bag! The rest of us guys here just have to tough it out...

Just kidding with ya Deb... I live in a house with 3 female intuitions happening 24/7. Me and my poor son just get beat on with that magical power yall have... we tend to think with our stomachs... and other body parts I guess...
:xxrotflma

[Carlos]

Hello Jim and Debbie,

No problem, I really enjot this web site. Thanks too all you that make it happen. I look forward to interacting more in the near future, for now just hunting for some great RE deals.

Carlos

[info junkie]

Josh,
Why would you want to split the profit on this great deal with a complete stranger when you can pocket the whole thing yourselves?
Geri

[Jim Johnson]

Josh,
Why would you want to split the profit on this great deal with a complete stranger when you can pocket the whole thing yourselves?
Geri

Lets see...
How about this. Because you would then be stuck with ownership of a liability (loan) on a property that is worth no where near what you now 'owe' on it. They are taking their cash and running for the hills... laughing all the way to the bank... until someone really gets mad and sues them... then they will be posting from a 10x10 with the address of "pod 3, cell block D, Cell 134, white collar crime row"

[Carlos]

Hello MB Family,

I finally took the plunge and have joined a local SA Investment Club, Thus far they seem to be a great group of knowledgable people. My first real meeting is not till next month. I am sure to learn lot's of new investors like my self just looking for those great deals. Also will be attending my first Cash Flow Genrator Workshop in June, I shall keep you informed with the progress.

In the mean time if I find some great fixer upper deals (Found then) do you have some leads to push towards? I have also asked some folks at the investment Club, Don't get me wrong I would love to fix an flip just alot short on funds, I purchased two rental this year via conventional methods. I should have waited but they are both performing rather nicely in cash flow department (1-4 plex, 1- SFH). land lords rule:SM108: I think Aldo said that, or was it Debbie or maybe Jim no Dan, oh well someone did,

Adios from San Anton,

Carlos

[Aldo]

Congrats on your decision to join the Investment club. I truly believe joining such an organization is the single most important thing an investor can do to be successful. I believe it to the point of belonging to four investment clubs. I'm the founder and president of one and a board member of two others.

To get the most out of your membership, consider becoming active and, after a time, apply for a position on the board of directors. It's a very satisfying position and you get to rub elbows with a lot of influential people who can surely help you along the way in your investment career.

[Carlos]

Aldo,

Four Clubs? Where do you find the time? Great advice and since the RE Bug has bitten me hard I will charge ahead and going with the program. I already have seen some activity I will volunteer for and who knows as you stated rub elbows with great investors that are willing to share their thoughts and ideas.

Thanks again,


Carlos

[Aldo]

You'll find a lot of investors willing to share. It's sort of an unwritten code in the industry.

If your organization offers activities such as picnics, tail-gate parties, golf outings, etc., those are the best opportunites for networking because people are more relaxed in those informal settings.

If your organization doesn't offer such activities, you have the opportunity of a lifetime to increase the value of your group while earning some brownie points. Plus, if done right, those events can make money for the organization which makes it an easier sell. After you're there a while and are comfortable with forging ahead, gather a few supporters and begin planning an event. If you want or need some help with doing that, I'll help as I can. I'm about as hard to find as cheese in Wisconsin.

[tinae01]

Hi Carlos,

My sister-in-law might be interested in your houses. She and her husband were buying houses at the courthouse in Portland before and moved to San Antonio a year ago. Silly girl was flying to Portland to continue investing the way she knew how for quite awhile! But I think she is getting more comfortable with her surroundings now and has found her feet. If you find something I can ask her to call you.

One last thing - if the deal is REALLY good - think about hard cash. Fix the house, refinance with a lender that doesn't require seasoning to get ALL you money out once fixed house (you must have bought the house at a great price to do that), then rent it or do a lease/option.

Thanks and good luck!

Tina

[Carlos]

All always the family comes thru:

Aldo those are all great suggestions and the ansewr is yes they offer all you have mentioned and I have volunteered to help with the picinic cordination. Sounds like I may have found a good Club, no worries though I will be coming here as long as it exist.

Tina,

Your sis is here great!, I have actually found some senoir folks with lot's of home's to deal with I also ran across this great flip home. But once again the cash is limited especially, since acquiring those properties earlier this year. But they have both turned into mega cash flow puppies for me, I fortunately have people demanding more house for rent, So i am indeed moving forward with another two as we speak with that elderly person she will do owner finance for me (anybody who wants them), not my best solution but as it stand today with no cash I can't beat the terms, (her's) I know I can rent theses bad boys because as I mentioned earlier people are asking frequently I need a home to rent. They aren't the top of food chain but they are decent rentals. I read on this web page that if they wouldn't live in it then they won't buy it, I say good that gives me an opportunity to buy and rent and keep the cash flow coming my way. As for that flip job, If your sister is really interested she needs to act now, because it ain't gonna last, tell her it's very near the Monte Vista area. I beleive that with around 10-15k of fixing up she can make a hefty profit. I can assist her with some contractors they do good work extremely fast. One of those properties I purchased earlier this year caught fire about 30 days after closing, I immediately hit my panic buttom and put my renters in a hotel near by with some spending cash, and got my guys in there in less than two weeks they had gutted and rewired they entire house, I offered my current tenants to drive around and help them find a new home, but they refused and agreed to move back in while they finished the home because they just didn't want to lose the home and were/are quite happy to rent from me. Two months past by when they tenant called me up and wanted to know if he could pay next month rent in cash, i went to his/my home that Saturday and he paid me cash for the entire years worth of rent (10 months worth actually two months had past). $$$ No they aren't drug dealers, (I think) They are a great couple with two nice kids. I work three blocks from the home so I pass by it every day of the week and nothing seems out of the norm, Yes, cash cleared no problem it wasn't counterfiet:SM145:

Again If you think your sis has the cash to flip let's rock and roll, I plan to flip soon but for now the multi unit cash flow really have my attention.

She can call me anytime,

Carlos
210/831-9805



:smiley5: Sis let's make some money!

[Judd]

Edited

[tinae01]

Thanks Carlos,

I just forwarded your post in an email to my brother-in-law and he may give you a call!

Tina

[Carlos]

Judd,

Thanks for tuning in, as for the cash for flips, yes I could but I will save a notch for the inevitable? The remainder I will use to aquire two more properties I can rent by tomorrow (immediate cash, and long term appreciation). One thing I have learned through this web site is that wealth is built through appreciation and once in a while you get lucky and flip a good one.

I am opposed too locking me cash up on that flip job I will leverage it buy two properties from the ole gal before someone snathces the ones I want. Those two I can rent today or I can buy flip my cash, no money coming in for maybe three or four month depending on what we actual see once you start demo. So till I get a larger residue cash stash i will have to pass. Now on the other had if some wants to buys and i will/can assist with getting er done then I don't mind that my time it free, till the house sells:D

I have asked the couple if the would alloy a lease with a purchase opiton, I even asked for to them to allow me to remodel then sell and I would walk away with some profit and my actual cost. Needless to say they just want to be done with it,

Hope that answer your question,

Tina, Thanks I look forward to speaking with your sis and bro in law, adios,:smiley5:

Carlos

[Mackey]

All always the family comes thru:

Aldo those are all great suggestions and the ansewr is yes they offer all you have mentioned and I have volunteered to help with the picinic cordination. Sounds like I may have found a good Club, no worries though I will be coming here as long as it exist.

Tina,

Your sis is here great!, I have actually found some senoir folks with lot's of home's to deal with I also ran across this great flip home. But once again the cash is limited especially, since acquiring those properties earlier this year. But they have both turned into mega cash flow puppies for me, I fortunately have people demanding more house for rent, So i am indeed moving forward with another two as we speak with that elderly person she will do owner finance for me (anybody who wants them), not my best solution but as it stand today with no cash I can't beat the terms, (her's) I know I can rent theses bad boys because as I mentioned earlier people are asking frequently I need a home to rent. They aren't the top of food chain but they are decent rentals. I read on this web page that if they wouldn't live in it then they won't buy it, I say good that gives me an opportunity to buy and rent and keep the cash flow coming my way. As for that flip job, If your sister is really interested she needs to act now, because it ain't gonna last, tell her it's very near the Monte Vista area. I beleive that with around 10-15k of fixing up she can make a hefty profit. I can assist her with some contractors they do good work extremely fast. One of those properties I purchased earlier this year caught fire about 30 days after closing, I immediately hit my panic buttom and put my renters in a hotel near by with some spending cash, and got my guys in there in less than two weeks they had gutted and rewired they entire house, I offered my current tenants to drive around and help them find a new home, but they refused and agreed to move back in while they finished the home because they just didn't want to lose the home and were/are quite happy to rent from me. Two months past by when they tenant called me up and wanted to know if he could pay next month rent in cash, i went to his/my home that Saturday and he paid me cash for the entire years worth of rent (10 months worth actually two months had past). $$$ No they aren't drug dealers, (I think) They are a great couple with two nice kids. I work three blocks from the home so I pass by it every day of the week and nothing seems out of the norm, Yes, cash cleared no problem it wasn't counterfiet:SM145:

Again If you think your sis has the cash to flip let's rock and roll, I plan to flip soon but for now the multi unit cash flow really have my attention.

She can call me anytime,

Carlos
210/831-9805



:smiley5: Sis let's make some money!

Carlos,
I am in San Antonio as well. I am just getting started and would like to join a REI club. Which one did you join? Do they have a website or can you pass along the info for the club.
Thanks,
Brad

[Carlos]

Howdy Brad,

As for requesting which club to join, That's gotta be your choice dude, I joined SAREIA they have monthly meetings and lots of opportunities to network. They just opended a business front off of 410 exit Starcrest, better yet visit there web site for proper direction,

http://www.sareia.com/email.htm

There are alot of good guys there including the Prez Orlando, great man of knowledge, I have used it as a means to network with lendors, contractors, deals, a little of everything. Just do your homewrok before you trust anyone too much.

Hope this helps,

They of course don't come close to the MB family, these folks here are awesome!!

Carlos,

P.s. I too am new at this, part time thing,