All Forum Posts by: Amber Stevens
Amber Stevens has started 13 posts and replied 34 times.
Post: Handyman in Marietta, GA
- Newman, CA
- Posts 42
- Votes 5
Hi there! I am on the hunt for a good handyman in or around Marietta, GA for my rental. Lmk if you have someone great. Thanks!!
Post: Anyone out there specializing in under 30k properties?
- Newman, CA
- Posts 42
- Votes 5
Anybody know a realtor in Peoria, IL to recommend. My house is a 3 bed and would be in the 30k range. Every realtor seems to want to do only deals over 50k...
Post: Wholesale Probate Lead - Reverse Mortgage
- Newman, CA
- Posts 42
- Votes 5
Unfortunately, I was in this same spot. Reverse mortgage, negative equity. Bank didn't want to cooperate. Went to auction and now it's back to bank...just a waiting game...
I attended an auction for a property I had analyzed and wanted to bid on. Bid had been previously unpublished, but when I got there, found out it was way too high...esp for the condition that it was in. No one bid. So now, I guess it's back to the bank? How can I find out who the agent is assigned to it? There was a locksmith out there last week. He told a family member of mine that was nearby that he was "hired by an agent". I have property radar, but I can only see that it's now bank owned....
thanks in advance!
Post: Trustee Sale Confusion
- Newman, CA
- Posts 42
- Votes 5
Originally posted by @Jennifer Beadles:
You want to be very careful with the trustee sales and you'll want to do the title search yourself or pay someone to do it for you. I've bought a lot of properties at the trustee sale, and I had one that was supposed to be a first but ended up being in second position and I had to pay off the first.
Like @Ellis San Jose mentioned you are only buying the deed position and will have to get possession to the property based on the California law.
I suggest going to the auction and making connections with other investors and hard money lenders there. You may have to pay a commission or points to them, but they should have resources for title research.
How does anyone purchase at trustee sales if there's no real way to search for a clear title? I've done a title search, but from what my agent said, there still could be things that aren't showing and only a preliminary search would show that..but the prelim can't be done since it's not an active listing...
Post: Trustee Sale Confusion
- Newman, CA
- Posts 42
- Votes 5
I'm planning to go to an auction soon for a Trustee Sale. I'm confused by what I'm bidding on though. The Public Notice says " You will be bidding on a lien, not on the property itself". I've run a title search and it shows one mortgage of $75k, but the public notice and zillow say $260k. It's not worth that much, though! My agent says the only way is to do a preliminary title report, but that can't be done bc it's not an active listing... I'm confused at what to do! How does anyone purchase a home at a Trustee Sale if you really don't know what you're getting into?!
Post: Suggestions for California Real Estate License Courses?
- Newman, CA
- Posts 42
- Votes 5
Originally posted by @Kiersten Vance:
Hello Paul.
As a salesperson, your license must be "hung" with a broker. Some brokers don't charge monthly but they won't be happy if you aren't closing any deals ever. I have a question, why do you want your license if you aren't planning on practicing as an agent, don't need access to MLS, and are primarily interested in off market properties? If you just need access to owners title lists, you can find paid programs online that will give you that access for a lot less than paying all your dues. You almost need to sell one house a year just to pay dues (that's based on So Cal prices where one house is at least 350,000-400,000).
Cheers,
Kiersten
Do you have a link to the paid programs online that give access to title lists, Kiersten? Thank you in advance.
Post: Approaching Preforeclosures to Purchase
- Newman, CA
- Posts 42
- Votes 5
I have identified a few preforeclosures in my area and would love to make a cash offer to the owners. What is the best way to do this? Walk up and knock on the door (might be tenants and not homeowners?). Send a letter in the mail (easy to ignore)...or have an agent contact the owner..
Just wondering what everyone's experiences are. Thanks!
I didn't know there was an app! Interesting.
Post: Buying a Home with a Reverse Mortgage
- Newman, CA
- Posts 42
- Votes 5
My parent's neighbor recently passed away. I'm interested in purchasing his home. I spoke to the neighbor's son that told me that his dad had a reverse mortgage. Any tips on how I can purchase a home with a reverse mortgage? Thanks!