All Forum Posts by: Nathan Paisley

Quick update... Just left the house and agreed on a price of 50% below market value! Haha I freakin couldn't believe it. So he's taking my contract to his attorney and I should have confirmation ASAP. He was getting offers for 20-30k more a few months ago but he's sick of dealing with so finally agreed at my price! So if a few rehabbers knew of the murders and weren't worried before I'm sure they won't be worried today. :)

I'll keep ya posted.

Hey Chris,

I feel like I would have to say something. It's like that big pink elephant in the room or ghost haha! Yeah it's known as THAT house but its in amazing area and nobody has lived there for 3 years. I actually looked it up and found the news article ( with video ) and it turns out the killers lawyer was a girl I went to school with!

I have no problem wholesaling it cuz I think I can do very well with it, as well as whoever buys it. It's the fugly house on the block. Well I'll keep ya posted.

Now that I have your attention... I have a house I want to get under contract to wholesale but... 2 people were shot and killed in the house 3 yrs ago. My question is, how does this affect an investors mentality when thinking about rehab/sell? I think it limits potential retail buyers but if the numbers work... What do you think?

I would do some digging and call seller/bird dog for as much info as possible. If nothing shows up and your still interested get a title search. They would be able to steer you in the right direction.

Keep us posted.

I'm closing on a va house in a few weeks. I pray you don't have my same experience!! Haha can almost guarantee you won't because it was supposedly transferred into a persons name 5 yrs AFTER she died. This happened in 2001 and because my brother and I never gave up ( was contacted by the seller 9 months ago! ) we're about to close our first deal! Go figure... Anyway call the VA find out what u can. Also run a title search, ya never know lol!!

Good luck

DO NOT MARKET THE PROPERTY UNTIL UNDER CONTRACT. Get a assignable contract signed by the seller for 90 days. Get a title search make sure there are no other liens or problems with title. Once clear find a buyer get a 10% deposit and when the divorce is settled go into escrow. That's a perfect scenario.

Good luck.

I agree with Henry... Smarter not harder. My advice, don't try to re-invent the wheel. IMO you need to send out minimum 1000 letters/postcards a month for any type descent response.

Don't worry about not finding a buyer JUST GET THE HOUSE SO CHEAP NOBODY CAN RESIST! There are thousands of people that will laugh or hang up on your offers. Don't worry the more offers the better the chance to contract.

Good luck

Start calling and asking every title co in your area until one says they do.

Impo get a good buyers list, meaning drill the serious buyers for what numbers work for that individual. Then market like crazy for that inparticular buyer. Why? Because the second you DO get one under contract you know it's sold. At the same time, if you brought a deal 30-60% below market value to an investor it's pretty much sold...

Concentrate on out of state owners with 80% equity send them postcards over and over.