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08-07-2017, 08:00 AM | #1 |
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I was completely wrong about becoming a slum lord
This guy Grand Cardone is awesome. I don't want to be a slum lord. Any of you wise guys have any tips on finding the cash / credit to buy mf income properties? My credit is bad and I am pretty fucked but I want to be doing this anyway
This may not be easy at first, that's for sure But that guy really is amazing as hell He completely changed my mind |
08-07-2017, 08:29 AM | #2 |
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You have no income, no money, and shitty credit and you want to buy income property. Put this ad on craigslist:
Hello...I have no income, no money, and shitty credit. Please sell me your positive income generating properties. I promise I will pay you back. |
08-07-2017, 08:35 AM | #3 |
visit hardlinks.org
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Find a property owner who is having problems selling the property and has equity in the property.
Offer full appraised value for the property providing that they will carry a second mortgage equal to the amount you are required to put down by the lender. That is one way of acquiring property with no money down. Ray Hardlinks.org |
08-07-2017, 01:23 PM | #4 | |
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Quote:
If you're successful and taking the time to write a post like this one that's even WORSE so go get a gut check or wake up call or what ever you need to pull your head out of your butt and do something about what ever all is wrong with you I'ma make it not just in spite of mental cases like you but BECAUSE of mental cases like you You're welcome for the advice |
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08-07-2017, 01:24 PM | #5 | |
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Quote:
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08-07-2017, 01:32 PM | #6 |
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You should try being a "bum lord" ...
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08-07-2017, 02:01 PM | #7 |
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08-07-2017, 02:32 PM | #8 |
It's 42
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Find a meth-head or a crack-head that is a veteran and hasn't used his/her eligibility. Offer to buy their dope for 3 months if they buy the property on a VA loan and after they deed it to you -- you can assume the loan.
Shady but should work. |
08-07-2017, 02:56 PM | #9 | |
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I can access a VA loan soon I can buy apartment buildings with that?! |
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08-07-2017, 06:23 PM | #10 |
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08-07-2017, 06:37 PM | #11 |
It's 42
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duplex, triplex or fourplex -- yes
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08-07-2017, 07:04 PM | #12 |
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Lol...!! what clown show did you escape from...???
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08-07-2017, 07:17 PM | #13 |
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08-07-2017, 07:19 PM | #14 |
Too lazy to set a custom title
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08-07-2017, 07:22 PM | #15 |
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Jesus walking on the fucking moon
Alexis Cepeda6 months ago so she said up to fourplex today i went to speak with a navy federal mortage officer and i was told that i could only do duplex is it diffrent by state ?? Reply 1 Hide replies SmarterSanDiego SmarterSanDiego6 months ago Alexis, I think the rules changed. It looks like it was right after we did this segment too. What a shame! Reply C Thomas C Thomas6 months ago Did the rules change nation wide? Where can I find this information to make sure? Reply Alexis Cepeda Alexis Cepeda6 months ago C Thomas i personaly spoke with a NAVY FEDERAL CREDIT UNION loan officer and told me that i can only buy duplex with the va loan ,she made it seem like she red the instructions i want to speak personaly with veteran affairs to see if this is true if not then its the bank... Reply SmarterSanDiego SmarterSanDiego6 months ago If you have questions about a VA Loan, call Sean Cahan at 619.519.3780! Reply 1 Leo Ix Leo Ix1 month ago as far as I can tell you should speak to more people besides NFCU - I have spoken to 4 different groups now and they generally say different things. I bet it varies by state too. Reply |
08-08-2017, 11:13 AM | #16 |
FUBAR the ORIGINATOR
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a bump for slum
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08-08-2017, 04:26 PM | #17 |
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Wow
I like the surrounded by naked women avatar |
08-08-2017, 04:56 PM | #18 |
Colonizer
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How much does the average 4plex cost where you are?
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“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. ― Calvin Coolidge |
08-08-2017, 10:05 PM | #19 |
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OneHungLo
This message is hidden because OneHungLo is on your ignore list. |
08-08-2017, 11:48 PM | #20 |
Too old to care
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Find old people who own the own house, offer to buy at the price they would get for a property with a sitting tenant. Buy it and wait for them to die.
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08-09-2017, 10:32 AM | #21 | |
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I invented reverse mortgages when I was in real estate classes and they taught me about a life estate First thing I thought of |
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08-09-2017, 01:50 PM | #22 |
Colonizer
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Ok, I was thinking about investing in some properties and need a partner. You lose.
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“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. ― Calvin Coolidge |
08-09-2017, 05:16 PM | #23 |
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Well this fucking sucks
I want this building and it's extremely not for sale apparently It is only a couple of years away from being freeable from the fuckng S42 bullshit too which would raise the NOI over 124k Fucking FFS FUCK |
08-09-2017, 05:21 PM | #24 |
It's 42
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VA loans have to be made on owner-occupied properties.
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08-09-2017, 05:24 PM | #25 |
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08-09-2017, 07:22 PM | #26 |
See signature :)
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08-09-2017, 07:37 PM | #27 |
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Detroit is where you need to buy
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08-09-2017, 07:43 PM | #28 |
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