Posted by Murf on January 19, 2001 at 06:12:50:
I AGREE. THE “ALL CAPS” CAN BE TOLERATED. Your rudeness cannot!
STARTING A CORP.TO FLIP PROPERTIES - Posted by LARRY ALDAG
Posted by LARRY ALDAG on January 18, 2001 at 11:18:31:
A LITTLE NERVIOUS,LOOKING FOR A LITTLE SUPPORT
I HAVE TWO HOME EQUITY LINES TOTAL 170K,GETTING INTO
BUYING PRE-FORECLOSURES HERE IN LOS ANGELES,CA.
NEED ALL THE CREATIVE IDEAS ON HOW TO PURCHASE THEM.
DO I PAY THEIR BACK PAYMENTS?IF I DO WHAT KIND OF CONTRACT
SHOULD I HOLD,AND WHAT TERMS?
SHOULD I PAY ALL CASH AND PAY THEIR LOAN OFF OR JUST
THE BACK PAYMENTS SO I COULD DO MORE DEALS?
IF I CAN’T SELL IT RIGHT AWAY,SAY THERE IS 20% EQUITY
ALREADY BUILT IN HOW CAN I RE-FI AND GET MY 80%OUT?
NEED ALL THE IDEAS AND BEST STRATEGY.
THANKS LARRY
STOP TYPING IN CAPS !!! - Posted by STOP
Posted by STOP on January 18, 2001 at 12:06:29:
It’s quite annoying.
Re: Slow down - Posted by Stacy (AZ)
Posted by Stacy (AZ) on January 18, 2001 at 11:40:31:
Larry, I can see you are motivated to succeed. That’s great. But you need to slow down and learn about what you’re doing before you jump in. Definately buy some courses and study, first. Your questions are so broad, it seems obvious you need to do some homework.
I suggest Bill Bronchick’s course to start, which contains basic information and legal forms. Then a more advanced course or two. Two that come to mind are Ron LeGrand’s and Joe Kaiser’s foreclosure course. Bronchick’s Cash Cow is great, too. Also, I suggest reading some good RE investing books.
In no time, you’ll be able to answer your own questions and have a huge head start. I would suggest you hold-off on forming a corp.
Good luck!
Stacy