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ScottNC

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About ScottNC

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  1. Sorry for the double post - The Mouse must be ssssstttttuuuuuccccckkkkk!!!!! Scott
  2. Ellison In NC(Which used to be the mobile home capital of the world) those homes are looked at as follows: Single or double-wide are titled as a motor-vehicle(car) and depreciate - rather fast. Modular Homes are permantly attached and DEEDED to the existing land/lot on a tru foundation. There is no title. Modular tends to keep or increase in value(There are some nice ones) but that tends to depend on local relationship with bank and Appraiser. There are tons of them in my neck(red) of the woods, so if someone knows a way to make $$$ - please share with the rest of us! Scott
  3. Ellison In NC(Which used to be the mobile home capital of the world) those homes are looked at as follows: Single or double-wide are titled as a motor-vehicle(car) and depreciate - rather fast. Modular Homes are permantly attached and DEEDED to the existing land/lot on a tru foundation. There is no title. Modular tends to keep or increase in value(There are some nice ones) but that tends to depend on local relationship with bank and Appraiser. There are tons of them in my neck(red) of the woods, so if someone knows a way to make $$$ - please share with the rest of us! Scott
  4. ScottNC

    Therapy

    Tony and Gene Appreciate the support! SE(Southeasten) @ TYCO/ADT - Commercial Security. Accounts like Belks, Hamricks, Springs Industries, Pillowtex. The depth and width of TYCO reminds you of big brother - scary. Most of my contacts got tired of the 70 hr. weeks, increased quotas, decreased pay so they eventually abandoned ship. My son's R/C has bitten the dust too and my closest contact is Radio Shack. Oh-Yeah - get some sleep! Except Batman & you should be protecting the city so the rest of us can sleep peacefully! Unless, maybe that's the Batmobile battery that's Dead? Better send Robin to Sears! Scott
  5. ScottNC

    Therapy

    Hi Guys!, It's me again(a newbie).WOW!!! - If the last 24 hrs. are any indication of things to come - I can't wait! Being @ the right place @ the right time is, as we all know, Very Important. That must be why I'm here to see this when I am(I think?). As an innocent bystander there is an opportunity here that has to be obvious (at least to me) and is possibly "WORTHY" of the following Proposal: A tremendous Win/Win for all of us - As a newbie(only done 3 complete nice rebabs in the last 9 months) walked away with 45k cash-out, still own the homes with 20% equity, and have total 700/mo cash flow after refi. I have figured out what I've done so far completely on my own - pretty smart - ya think, but have learned to Hate Banks(Jack...)/Red Tape(the more you make, the less they think you should have), Toilets & Tenants(that reminds me its time to change my office phone#), and just plain old gettin my hands dirty... Conclusion: There Has to be a Better Way!!! LO & BeHold up pops this Michael(Cool) site with all these smiley faces winking @ Me!!! PLAIN & SIMPLE : My qualifications are --Great Management skills - Former SE Nat.Acct. Mngr for TYCO before their stock plumeted $64to$13 immediately following Enron. I can get, keep, grow, wine, dine, hire, fire, and the other things that look good on a resume. My bro. n law is largest RE Broker(10-15agents) in our small town. He's a good contact. I paid for my wife's Broker License & software so SHE can sit at MY desk and pull daily MLS Hotsheets, Listings, Tax Base, Comps, etc... I have my own home office complete w/fax, computers, printers, ergonomic desk, shelves, file cabs, etc... SO: If we could work something w/Program 2, I'll have the 1st deal signed by middle of next week, or as soon as paperwork and instructions are downloaded, shipped, or faxed? I'm doing this full time which will provide plenty of time to do daily posts, activity monitoring and be micro-managed per your previous offer to RB. THEN::: MY Feet will be held over the fire, we'll all make $$, learn a lot, have Fun, and make more $$$. RainBaby - Even though your posts are brief, you appear to have valuable/shareable experience in this arena. While this would be a small sacrifice to you, I'm sure you'll appreciate seeing a newbie(me) benefit tremendously!!! All In Favor.........? All Opposed.........? Let Me Know! Scott
  6. Tony, .....I have accounts to get rehab work done with 60-90 day pay, can refi. @ 80-90% of new appraisal and rent 2 own(L/O, L/P, or something per your recomend) or sell outright. My immediate need is to avoid purchasing through bank channels and it's probably as simple as paper-work(which I don't have) and need to buy, download, etc. Thanks! God Bless ScottNC
  7. I'm a newbie that's just been recomended to your web-site and I must say that it looks pretty cool. You have my attention and can you evaluate the following Deal: Customer owes 20k I can get it for 22k 14-15k would completely Rehab Will Appraise Rehabbed @ 62-67k(I already have good comps) I have never done sub2 or lease purchase but looks like it might be easier than traditional ways(specifically designed to profit Anti-Depressant drug Co's.) Just ask the banks, tenants, sub contractors, and ME! - I've done a few Rehabs and made $$ but hate headaches and tenants. Is this something new? The owner would do some type of L/O, L/P, or sub2, but like myself, doesn't really know how to do this... Could this be made to work with your course(Is it every thing I need/all inclusive) and if so - delivery time? How does your course compare with other sub2's, etc.?(Those other 4 guys) What's my next step? Am I even in the right place??? God Bless ScottNC
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