All Forum Posts by: Allan Rosso

@Kenneth Sesley why don't you try calling the foreclosure attorney and see if he/she will work with you? I would have some sort of business plan together, that way you have answers ready before the attorney asks the questions. I'm not sure how the whole process would work step by step, but I feel that might be a good starting point.

 @Manuel Angeles, the only course I have ever purchased is a wholesaling program by Clever Investor @Cody Sperber. I haven't gone all the way through it, as I'm concentrating on the marketing videos at the moment, but I feel like its really good information so far. 

Just to add to my post, I have done the research, but still don't understand them fully, or as clearly as I would like. Does anyone know of a book on these types of deals that they would recommend?

I have been interested in Subject To deals for a while, and have done quite a bit of research. 

I am in the military, and feel that finding other military members to conduct these types of deals with would be a good opportunity. Reasons I believe this:

- Most of them used a VA loan to begin with, and in theory, wouldn't have much/if any of their own money tied up with the property. (This could help me get into such a deal with zero money out of pocket, and just a promissory note if it came down to it.)

- Need to sell fast: orders to switch bases can come at any moment, so some may not have much time to go through the selling process: find an agent to put the property up for sale, not to mention finding someone that will want to buy the property before they move away so that they can close on it. (They can always have a power of attorney so that either the agent or anyone else can close for them, but who wants to have the worry of something going wrong in the back of their minds, while they're trying to move to another part of the country, or even overseas?). Also, they may have no interest in becoming landlords themselves.

I'm looking for fellow investors with experience in Subject To deals, that are willing to share their stories and advice. Thank you ahead of time.

Allan

I appreciate that. I know it's going to be a tough road, but I'll get there! I'm actually looking to move to Jacksonville here in the next few months, as I transition out of the military. I was there a few weeks ago, and met with an agent I met here on BP. I reread your original post, and interpreted that you wrote it because you feel like you've lost your way as far as achieving your short/long term goals: Short term: successfully complete the deals you're currently working on Long term: Reach $500K in passive income And then you mention there's so many different avenues, you can't decide on one. Let me ask you this, as far as real estate investing, what have you been most successful doing? And what do you enjoy the most?

Javier D'Espaux first of all, it sounds like you've been very successful up until this point. I'm just getting started, and I hope to one day be where you are right now. When you drove up to Jacksonville, did you have a contact there? We're you looking into something specific, or were you just kind of looking around? I feel that if I was in your position now, I would be looking to execute a 1031 exchange

@Mary Quinones that's pretty good. Let me know how it goes!

Youre welcome @Megan Elmendorf

@Megan Elmendorfthere's a book that has been recommended to me a few times here on BP, it's called "The Book on Tax Strategies for the Savvy Real Estate Investor" by Amanda Han. As soon as I'm finished reading "Rich Dad Poor Dad", I plan on reading that one. 

You're very welcome @Mary Quinones. If you plan to rent it, then $80k probably wouldn't be too bad, just prepare for a counter offer.

Do you have any idea what it might be worth after repairs?