dbhenderson

@Kena wrote:

Well I downloaded that order sheet from somewhere on this web site and that was the price listed. Anyhow I was prepared to buy into this whole thing, and then…..I did more research and found that I can set up the same type of trust with other companies for 3-4 hundred bucks. Prey tell what is the $8K (non-member fee) really buying…

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I’ve done 14 deals in the last 2 1/2 years. I am averaging one signed NEO for about every 15 offers (NEOs) I make.

I understand Homesavers frustration. When you talk to them (over the phone or in a meeting) they are excited about our system, they understand the full price offer with no loss of equity, no commissions, no closing costs, but when…[Read more]

Or a commission!

I’ll teach you a lot neater system in 2 days for ONLY $4,000!

Neat little calculator, but over $35K there is no benefit.

I guess my thinking is different. I would like to have the biggest tax problem in Utah. Most people have an income problem. I’d like to have a BIG tax problem. Then I could help other people by donating my money to causes I pick and believe is corruption free not what the government…[Read more]

Two comments:

Have you ever read the listing agreement that real estate agents have you sign when they list a property? Have you ever read the REPC (real estate purchase contract) they have you sign when you make an offer? Ours is a piece of cake compared to that.

A few months ago I seriously considered forgetting even doing an NEO, after all…[Read more]

@NeftaliPazo wrote:

(David, where are you?)

I’m not sure I’m the David you are referring to? I don’t know the first thing about the Homestead Tax Exemption, so I’m enjoying this discussion. If you want my advice I would listen to Bill and not do it. There are so many benefits to the RB that I believe that I would keep it as simple as…[Read more]

Don, Alvin, Jerry,

I understand your paradox. I started out having the RB go out and look for a house that was in the neighborhood they like and the price range they can afford, and I experienced just what you are saying. They either tried to talk to the seller themselves without knowing anything or they ran into listed properties that put them…[Read more]

@Red12 wrote:

So, I’d better not spend ANY of the profits from the 3-5% and I’d better “squirrel away” the profits from the spread so that I can buy some more time, so-to-speak, with their money instead of mine.

In a case like that, I’ve spent 3 years and have NOTHING to show for it. Sounds like fun….

Why not spend any of the profits…[Read more]

Alvin,

It’s guys like this that cause call reluctance with most salespeople.

You have to learn to just ignore these “jerks”. They won’t last long with that attitude anyway. They are one of the nuisances of the sales game. Treat them like a nuisance (you know, like a mosquito). Just hang up on them. I hang up as soon as they start. It’s…[Read more]

@NeftaliPazo wrote:

Getsmart I will appreciate that in the future that you do not post any replies or comments on any postings that I INITIATE as I’m personally not interested in your input.

DITTO! I too would appreciate that you do not respond to my posts. I am NOT interested in your imput or opinion either.

DavidB

GARY, THANKS FOR YOUR KNOWLEDGABLE SUPPORT! GET SMART IS A LOST CAUSE, LET’S QUIT GIVING HIM ANYMORE CREDABILITY OF FLOGGING A DEAD HORSE!

GetSmart, You need to change your name until you do!

DavidB

GetSmart,

Here’s my rookie answers:

1. Can you pass through the homeowner tax deductions?

If I am a beneficiary in the trust that holds the property and signed on a triple net lease I can take the tax benefits clearly stated by the IRS (IRC 163(h)4(D) without causing a sale. No sale! You can’t do that with a LO!

Even the IRS does not…[Read more]

GetSmart,

I might be a rookie, but boy, do you have a lot to learn.

Keep it simple. Ask these kinds of questions:

1. Can you pass through the homeowner tax deductions?

2. Can you share up to 100% of any appreciation during the time of the lease?

3. Can you evict instead of foreclose in case of a default?

4. Does your Lease Option program repair his credit while he leases?

5. What is your…[Read more]

This is your own stuff. I changed it a little, but this is my checklist. I got it from you:

1) You will need to write a cashier’s check to show me your commitment. This will be given back to you if I cannot put a property under contract.

2) You will then drive around in the local neighborhoods you can afford and would like to live in…[Read more]

Stu,

Show us your list of buyer side pitfalls, like Scott has done.

If I was doing it, I’d have the RB lease for $2,500 (I’d even consider $2,700 so I could pick up some PCF). I’d have the seller pay the $750 negative cash flow and agree to let him recapture it as equity (stipulated expense) on the back end. If he wasn’t willing to do that, then let him pay $3,250 until he can’t pay anymore and goes into…[Read more]

Sorry Gary, but your picture of Algore made me throw up all over my computer. I’ll be sending you my clean up bill.

What we need is hydro-packs.

Instead of driving into a gas station and paying $100 for a tank of gas,
Pull in and exchange your hyro-pak for a new recharged one for $100 (as easy as standing there pumping in a full tank of gas). …[Read more]

Keep it simple: $335K house by 8% = $26,800 divided by 12 = $2,233 a month.

$24,000 interest tax write-off. $24,000 divided by 3,000 (back of form W-4 it tells you to use 2,500, I use 3,000 to be on the conservative side. You liberals can use 2,500) = 8. Change your W-4, add 8 more allowances and see an extra $800 in your paycheck. That…[Read more]