Crackhead had a gun out for us today

Rehabbing, Fix and Flip, Rental Properties
21

Great idea about the dog! Thank you. I am contacting a friend that has a big dog to see if I can borrow him for about a week to get this job done. That is exactly the type of info I wanted from this post.

As for the people talking about my black guy and Mexican comments, get a grip. Just describing the scene a little better. Both races are hard to understand to me and I can only imagine how hard it is to accurately communicate between the two, specially when one is on drugs. I don’t discriminate when it comes to renting units, I have both races as tenants right now and I don’t feel the need to defend myself any further from the PC Californians on this board. Wait can I say that??? Who cares.

22

“Both races are hard to understand to me and I can only imagine how hard it is to accurately communicate between the two, specially when one is on drugs.” :banghead

I’m done - moving on.

23

then why’d you have to make a comment? just leave it alone if you don’t like it…it doesn’t help any if you “show your disapproval”.

:rolleyes

24

Property manager… and anyone else even THINKING of getting or carrying a handgun…

I hope the day NEVER comes when you have to USE that weapon.

My father was a Ex Vietnam Marine and a retired Police Officer. He taught my brother and I how to use, and respect weapons from when we were 5 years old. He worked nights in a very bad part of the City and he gave my brother and I the same advice I’m going to give you…word for word…

“If anyone ever breaks into this house while I’m at work, shoot them…BUT…Make absolutley sure… YOU KILL THEM.”

My father saw NUMEROUS homeowners defend their property and their lives by wounding an intruder THEY STILL GOT SUED. IN some cases the intruders ACTUALLY WON!!!

NEVER underestimate the power of a SCUM BAG LAWYER. One case my father followed involved a intruder who was paralized by the gun shot. The scum bags lawyer convinced a jury that the home owner had acted too quickly :shocked

BE VERY CAREFUL.

There is not a property on this PLANET worth dieing for. If you need to carry a gun inorder to run a real estate business?? You’ve missed something in the literature.

One last thing…

I had a friend who owned a VERY successful used car dealership (sold 100 cars/month) in a combat zone. He got tried of the nit wits stealing stereos, air bags, wheels, ect from his cars. Mind you…he had a 10 foot high chain link fence surrounding the property with coiled barbed wire on top. DIDN’T EVEN SLOW THEM DOWN.

So he decides to put 4 Doberman’s in the lot at night.

ALL OF THEM GONE WITHIN 2 WEEKS!!!

TRUE STORY.

Ask yourselves ONE QUESTION…

If an ENTIRE POLICE DEPT. can not drive these morons out of neighborhoods…HOW WILL YOU ???

Answer…

YOUR CAN’T, SO WHY BOTHER GETTING INVOLVED IN THE FIRST PLACE!!!

Want to rent EASY residential homes…Buy stuff in COLLEGE TOWNS!!
Yea, the kids are going to trash them, but you get BIG security deposits from MOMMY and DADDY and LET THEM WRECK 'EM. Their GONE in 9 months anyway???

FORGET THAT SLUM LORD GARBAGE.

25
I hope the day NEVER comes when you have to USE that weapon.

I agree 100%. However, it is much better to have a gun and not need it than to need a gun and not have it. With the current state of our country, some scumbag druggie loser can kill you and not think twice about it.

I don’t have any properties in war zones. Unfortunately, the days of drugs being limited to war zones are long gone. Drugs are on almost every street and drug addicts can be VERY unpredictable. In addition, people involved in the drug trade are frequently packing. Even if you screen your tenants and don’t rent to druggies, you WILL still be involved with druggies if you run a significant rental business. Applicants are frequently criminals and tenants allow druggies to move in with them. It’s a dangerous world.

Mike

26

Investing in high crime areas is absolutley absurd. Needing to carry a hand gun to visit your rental property is a loud and clear sign that something is seriously wrong with your investment strategy. If you can’t find “deals” in good, safe neighborhoods, I would suggest looking for other ways to earn a living. Is your life really worth the $100/ mo cash flow?? Cmon!!!

27

It may be absurd to you, but tolerable for some. There is money to be made in these areas, and often times the returns are much greater than a “good, safe neighborhood”.

28

Hey what did I do!?!

I’ve been on this board for 10 minutes so far today and have read two cracks against Californians. Stop with the generalizations please, its a big freakin’ state!

I don’t even think the people who complained were from CA, were they?

29

My houses will be paid for in four years they way they are financed. It is in an area that is really rough right now, but the city owns around 70% of the houses on this street and about 30% in the subdivision. They just bought everything on the MLS about two weeks ago in this area. I heard through my sources city acquisitions just obtained a large sum of money for more of the slum homes in the area, They have already demolished about 5 houses on my street, with plans to knock down everything except the newer homes (mine).

Do you think my property value will soar eventually while getting great cashflow (which I put into my mortgage)

Do you think I could do this in a “GREAT NEIGHBORHOOD”?? If so sign me up. I would love to rent to college kids, I was one just a few years ago. But in my area, my only benefit would learning first hand the north Carolina bankruptcy and foreclosure laws.

30

[quote author=smashmouth link=topic=34196.msg162111#msg162111 date=1201692790]

I’ll stick by my original post. What good is the “greater return” when you are six feet under. It may not matter to you , but for me, my life and safety are worth far more than any return.
A quality property in a good neighborhood is priceless.

31

[/quote]
I’ll stick by my original post. What good is the “greater return” when you are six feet under. It may not matter to you , but for me, my life and safety are worth far more than any return.
A quality property in a good neighborhood is priceless.
[/quote]
and that is fine…you do not feel comfortable investing that way. I, on the other hand, feel very comfortable carrying a gun and participating in hand-to-hand combat if need be. I feel my chances of getting killed by a druggie is the same as you getting run over by a car crossing your nice street.

My point is that you’re chastising people for investing in bad neighborhoods. You do your thing, and that is fine. But don’t throw insults such as “something is seriously wrong with your investment strategy” because you don’t agree with it. That is absurd. A simple “I would never invest in a bad area because the risk out-weighs the rewards” would do just fine.

32

I can agree with that. Me being from Detroit, I get this stuff all the time.

Yes I do feel my chances of a hand to hand combat might be a tad higher, but I got the skills to pay the bills in that department.

The day I ever get into a fight? not likely.

Only time I’ve been in a fight in Detroit was in Middle school.

Besides is Honorable for a man to invest in downturn areas and help bring some good comps, and pride of ownership tot he area.

I salute you sir. >Fires hand gun into he air< LOL!

33

Well we just finished up this house. I figured out a way to scare off the crackheads. Last night (saturday) they were all in the streets roaming around. I took out the dishwasher that I wasn’t going to maintain, plywood over the hole, took it out in the street and beat the hell out of it with a 2 by 4 screaming at the top of my lungs. And just to drive the point home that I am crazy don’t screw with me, I called my wife to bring our sombrero over, put it on and tore it up some more. I got looks sorta like this, :shocked

34
I took out the dishwasher that I wasn't going to maintain, plywood over the hole, took it out in the street and beat the hell out of it with a 2 by 4 screaming at the top of my lungs. And just to drive the point home that I am crazy don't screw with me, I called my wife to bring our sombrero over, put it on and tore it up some more. I got looks sorta like this

Very interesting approach - I LIKE IT!

Mike

35

My wife took video on our digital camera. It’s sorta bad but if anyone is interested in seeing it I’ll try to figure out how to get it uploaded on here.

36

Ah Yes…

The old “Beat the dishwasher to pieces in the middle of the street shouting at the top of your lungs wearing a sombrero” technique…I haven’t seen this being taught in seminars, but you may be on to something…lol

Videotape please…I can’t speak for everyone but personally I would enjoy watching this…

37

I love it!
You can also invest into a nice Pitbull or Rottweiler! Personally, I would choose the Rotty over the Pitbull. I have a Pitbull, and he wouldn’t harm a flea.

38

I would LOVE to see a video of this!!

39

put it on YouTube and post a link here

no matter how much crack, weed, etc, the human brain seem to have a built instinct to stay away from people who appear to out of their mind…

40

Your ways of describing people by their race and/or skin color is going to get you in more trouble than anything else. You could have told the story without bringing up anyone’s skin color or race and nothing would have been lost. Crackheads come in all colors as do those wielding guns.

I am from New Jersey (although I have lived the last almost 8 years in CA, I have no reason to lie). Living in CA doesn’t make you an idiot (although Paris Hilton could make a HUGE case for that being untrue). The bottom line is if the people involved were white you would NOT have mentioned it.