Why not Retail?? with so many wholesalers...

*****************************************
HI,

Just saw your add on craigslist and am very curious about it. Do you have
any houses for rent in the “”””””” area, particularly in the “”””””””””””District? We plan on Moving in a year or so depending on
the market here and want a house in this area.

How does the lease/option to buy work? There are a couple of houses I have
seen that are for sale that I might be interested in. I don't mind leasing
until we sell this house because I don't think/know if we could qualify for
two mortgages while we sell our house here. I really just don't know how
that all works. I am a RN, BSN and my husband is retired Air Force who
brings in a good retirement so credit is not an issue, just figuring out how
to make it work. We live in “”””””””” now but being near my family in “”””””””””””is the permanent plan.

Any info appreciated.
“”””””””
***************************************************

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

HiI am looking for a 3 to 4 bedroom country home with in 25 miles of """"""""""". I need at least a 2 stall garage for working on my toys.. N would like a decent yard for my kids and dogs.. Me n my girlfreind are looking to sell our house in """"""" and move to """""""" in the country.. We are very motivated and will accept a contract for deed on our house.. If u can help please call me at """-"""-""""

Thank you,
""""

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

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

Interested to hear more about your program. Please give me a call .

Thanks,
""""
****************************************************

There were several more that were serious that I'm looking for. Now I don't want to fail anyone! LOL

Rina

P.S. You should see the REALLY interesting responses I got to my "tired landlord" ad. I looked at a bunch of those this last week and have more coming up. Most of them are just wanting out for what they owe, but unfortunately most owe more than what they're worth at this time. BUT possible sub-lease opportunities. I don't know how short sales work on investment properties, especially if they're not behind on payments. I really have to look into the subject-to more so I know what I can offer in that area.

I am working on the one with the 2MIL in props. Will keep you updated. That one could take awhile.

I've got to be careful not to overwhelm myself, so I haven't repeated either ad yet. I've got enough to do right now. Plus the other offers I put in this week. AND I'm looking at a package of rental properties here in town on Thursday. Will take me and Gail all day probably. I'm excited but nervous (a little).
(and my daughter's due to have a baby anyday)

Thanks for posting those responses.

Wow! I am so impressed that you are not overwhelmed already! You really have a full plate right now! Plus a new baby coming to your family!
You are starting off 2009 on fast forward! I cannot wait to see what you accomplish by December!

Angela

"Most of them are just wanting out for what they owe, but unfortunately most owe more than what they're worth at this time. BUT possible sub-lease opportunities."

This is absolutely the problem of the day. Figure this one out and you are set for life.

Angela,

Here is another response I got tonight, and my repsonse to her:

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

My house is in foreclosure (I was on an adjustable arm and paying close to $1500/mos and just couldn’t swing it anymore). Would like to find a 2+ bedroom house in """""" near """ – can you help?

"""""""

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

Hi """""".

I'm so sorry to hear of your situation. I know of a few places I can check into by """. Can you tell me where you're located now and how much you would be comfortable with for monthly rent/house payments? I might also be able to help you with the foreclosure situation if you would like to give me a little info. Only if you're comfortable with that.

Talk soon,

Rina Krisak

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

If I can connect just a few of these it would be really nice. These are all just from one time posting the ad. If I get the into the swing of things, just think what running it once a week would do.

I am sending you a PM this time. Your "good heart" is taking you to new possibilities I feel

Hi Rina –
Thanks for getting back to me so quickly – I currently live at ~~~~ ~ ~~~~~~. My mortgage payments had ballooned to almost $1500/mos. I would like to keep my rent around $700 + utilities (I can probably afford $1000 or less total). As for my foreclosure I don’t mind talking about it – I am getting a raw deal at best but my Dad has recommended that I let the house go since Citi-residential is not willing to work with me. My contact #’s are below and my home # is ***-***-**** (I’m usually home by 5:30p, I would feel more comfortable talking about personal finances if I’m not in my cube at work). Thanks again – I look forward to hearing from you! I have to say your email was like a little ray of hope in my somewhat hopeless housing situation.

--------

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

For discussion's sake, all my fellow students:
What would the next step be?

Find out mortgage amount, talk about a short sale on her property? Match up a house I find for her to buy/lease option? Find a place "for rent", help out another landlord by sub-letting, get her in fast?

Open to all suggestions.

Rina

P.S. When I call her, I'll play it by ear. But it's good to think of all the options.

I would probably work the short sale. We dont have all the numbers but my guess is that it only works as a SS. Citi could certainly use the money though I am not sure they are smart enough to take cash on the barrel.

Rina you inspire me!

Victoria, thank you!

Rina

Man, there's a lot of hurting people out there. I won't post any more of this converstaion, just fill you in when it's done but, here's a couple more segments.

****************************************************************
Hi~~~~~~~~,

Sorry I couldn't get back to you last night. I'll try tonight.
I may have found something for you. Would you be opposed to a side-by-side duplex for now, close to the University? It's nice, on an excellent block, with a good yard and off-street parking. I'm negotiating with the owner on price.
Or, there are a couple of houses that I'll be looking at.

Also, to possibly help with foreclosure (if the bank is NOT willing to work with you), we could try a short sale to at least spare your credit. Let me know if you want to know more about this. And if you are interested, you could leave a little bit of info, such as amount owed and maybe how much behind. You can think about it until we talk on the phone if you want. If you want to put it here, I could do a little research before I call.

Thank you,

Rina

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

Rina –

I am not apposed to a duplex at all – I look forward to seeing what you can find. As for the short sale I would be willing to do that however I’m more than 6 month behind on payments. They were looking at my financials for at least 4 of those months in an attempt to restructure my loan before they started foreclosure proceedings. The monthly payment was right around $1400.00 for those 6+ months. The foreclosure ruling was for $114,000.00 approximately but my mortgage balance was only around $100,000.00. I’m not sure where the add’l $14,000.00 came from, probably back payments. Let me know if you need any more info. Thanks so much!

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

The cool thing is I looked through the Craigslist ads for places for rent and one stuck out. Reduced, ALL utilities included, price in her category, EXACTLY where she wanted to be. I called. The story this elderly landlord told was another heartwrencher. I offered to buy (I'll tell you the story later) and all we need to do is come up with a win/win. However we do it will be a win for both of it because of the circumstances. I am at a bit of a dilemma now because I asked him what he needs and he didn't know, he hadn't thought about it. This place was the first one he started a RE empire with (at one point he had 680 units nationwide). It's the last one he has left. He designed and built it right out of college. So proud of it. That was a lifetime ago. This is now...
I spent over an hour with him. I'll go back tomorrow. I'll pray that I make a wise, yet compassionate decision. Anyone with advice, I don't mind hearing.
THEN it's on to the short sale if one is possible. This could end up a triple or quadruple-play.
I'm really learning to compartmentalize.
After I look at the two "tired landlord's" I have lined up for Saturday (oh, and the 9-house package tomorrow. Yikes!) I'm giving it a rest until the dust has settled.

Rina

You have really kicked up your business...what is driving?

I need a little..I'm all into vacation and decorating mode (and still working on getting those pictures but at the rate you are going, you'll be buying your own vacation mansion!!)

You are inspiring! (except now I am feeling lazy and guilty.)

YOU GO GIRL!

You lazy? Please. I'll bet if a person followed you around for a day, they'd be asleep before their head hit the pillow. You're a go-getter.

I might be calling you to line up a week of vacation at your new place. Even if I come and help you paint or something, give my brain a rest.

I am so looking forward to just listening to Dean and the coaches and everyone at the E.D.G.E. Just close my eyes and take in all the awesome REI wisdom. And it will be fun for all of us to share what we're learning.

Rina

I am very productive on the sunny days which is why I had to find a way to get the heck away from these gray skies in Ohio winters but I still have 14 more days til break so I am not yet physically in vacation mode, just mentally.

I don't want to hijack this thread but I just posted a question about the conference in it's original thread that perhaps you can answer. (I'm a little torn even though I know I should not be.) K

Sorry. I don't really know any details yet, either. But if I don't have my wires crossed, I think the answer to #2 is about 8 miles (15-20 min?).

I'm sure they'll be posting more info.

Rina

Im not sure where the event is taking place. But the airport is in central Phoenix.

I wonder how long before Craiglist ads expire. Apparently people look through them WAY back. I got 2 more responses this week. One made me laugh. I recognized the name right away (of course she didn't know the ad was mine, it didn't have my name). It was one of our newer renters (VERY good family) that have been EXCELLENT tenants since they moved in last summer. She e-mailed that her family was hoping to buy something in about a year and was interested in our "program". I e-mailed back saying, you're gonna be surprised, but this is Rina. Well, we laughed and then got on the phone to start discussing a lease/option for them. It feels really good to be in the position to help people out while making money for ourselves.
I've been encouraging of one of our other renters to get in to the bank to get qualified and pre-approved so he can get into his own place. He's been so consistent over several years, and I know he REALLY WANTS to own (not to mention it would save him money), he's just so scared to be a first-time homebuyer, and he's one of those that is stuck in "an object at rest" mode. You should see his eyes light up when I tell him about different places I'm putting offers on, but then it's back to the same limited belief in himself as soon as he's back with his pals. Oh, well, you can't force someone to make their dream come true.