All Forum Posts by: Heath Clendenning

Hi Rick, 

I have been on a quest this month to discover exactly that - a piece of software that gives me the best phone numbers and options. Have you had any luck or additional information since this post?

No one has addressed: 

1. How to obtain a list of prospects for cold calling (or warm leads)

2. How to obtain their phone numbers

Thanks so much. I love Aspen by the way - miss living in beautiful Colorado. 

 That is good information to share. Accurate data is so important. 

Hi @Ashley Hernandez, I am also looking for this type of accurate (and updated) data. On another thread someone mentioned going directly to the first tier source - the counties. Any knowledge you have on connecting with your local county for this information?

@Jeff Kehl thanks for the link, I will read up. 

@Brenda B. Absolutely agree. I think I assumed that data is difficult to obtain and parse through. I will commit more time to asking about my local area. Where do you go for the information? The tax assessors office?

While I have found some basic information, I am curious who has the best most recent data for pre-foreclosure and foreclosure information. Down to the county would be ideal. 

I feel like I have heard the government maintains an Excel file, freely available somewhere. 

Any tips?

I concur @Charlie Price

Hello folks, 

Really need some sage advice here. 

A man who owns multiple properties is having a very difficult time due to 3 main lenders (all hard money) requesting pff of his balloon loan. In short he used HML's to finance rentals. His cap rate was so good, the 12% interest payments didnt matter. The total amount he owes left on his properties is about $1.3 million.

Now he is trying to pay off the loans before they go to auction. 

He owns two properties in Hollywood. I've looked at the value and it's over $3 Million combined. He wants a loan of $500,000 and will --- "..sign the deed over until I can pay back the loan. In the meantime you can collect the rents" which are currently $18,500 a month. 

First problem: He has a cloud on the title because the properties are held in a Trust. He is named as the trustee but there is a case being filled by a former member of the trust to not allow him to sell or something. He says he has the deed. 

1. What are my next steps?
2. How can I protect myself? 
3. Is anyone willing to help me on this odd transaction for a split of the rent?
4. There is no more information I can provide at this time. 

Thank you all so much!

 Good idea Percy.