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All Forum Posts by: Brian Freddyson

Brian Freddyson has started 5 posts and replied 23 times.

Post: Creative Financing

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

here is the skype website if you would like to help me out by a verbal converstation, just click download then PM me for my skype name/ ID.

http://www.skype.com/download/skype/windows/

Post: Creative Financing

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

Oh and by the way Bill, for some reason this site wont let me PM you either.
Now here are my questions for you:
What kinds of deals have you found to work the best for you, and the ones you like to do the most, or just do the most often? Also what kinds of creative financing techniques would you use and how would you go about them, for no money down, or at least none of your own money, if you were in my shoes? And whose money would you use (not being your own) and how would you go about getting that money? If that is not asking too much. I guess what I am asking is if you could please take me through all the steps assuming that you were me. And if you could maybe even take me through them more in depth with a phone call (I can call you) or a Skype conversation (internet phone, free to download and use) or some other method you can think of. PM me if you would like to do that with me otherwise just a reply would be greatly appreciated. Even if you want to have a verbal conversation with me to ask me questions, say hi...etc, I would love to talk with you.

Post: Creative Financing

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

FOR BILL GULLEY, but not restricted to his reply.

By your profile you seem like the right person to ask for help (Bill Gulley).

Now here is a little about myself so that you could have an idea of who you are talking to.

I have been looking to tackle some kind of real estate deal since i was 18 (maybe even before, at least i had a fairly large knowledge for my age even before that), but never was I so motivated as now to buy in my very city. It has always just been so expensive in Edmonton, Alberta Canada, where i live. Because of the large Edmonton prices, and possibly my jobs (from dishwasher (a few years ago) to house framer (now)), whatever the reason I have seeked elsewhere. I tried out tax sales, with no success, only to become broke in traveling expenses to California (May 09-July 09). It wasnt a total waste, dont get me wrong , i did learn a lot from my ventures. I have also researched several other markets in the states (i am a dual citizen) such as Memphis TN, FL, OH, AR. The worst thing about those markets are that they are so far from where i live (Edmonton, Alberta Canada). So I have recently been looking to buy some property in Edmonton, so i thought i might check out my old friend Biggerpockets for some answers which brought me to you. And so i would like to just ask you a few questions, which will bring me to my next message.
.....................>>> CONTINUED........

Post: Creative Financing

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

Hi I just thought this was an interesting article and would like to ask a few questions.

For example what is an ST deal? I would like to know what that is and how to do those or any other types of deals. Would you have on hand any of your previous contracts for purchasing with 0 money down. What is it that you do to motivate the seller to do those types of deals and what kinds of sellers do you approach or even how do you find those specific sellers. Thank you very much.

I am hoping to buy my first house by the end of the month. I am a 22 year old living in Edmonton Alberta Canada. Any help would be deeply appreciated.

PS: I tried to PM you, but in every attempt i received a message on the top saying could not send your message.

how would I go about building a buyers list. That is my biggest problem right now. Or go about coming up with the money. The least houses go for in horrible condition around here is $140 000. I would love to wholesale, I just wouldnt know where to start. I recently got a job so that I could at least get a mortgage, and I am working out something with my siblings so that we could all go in on one, then the next and so on. How did you start wholesaling?

I am a real estate investor who is very knowledgable in the field, however I am stuck for financing at the moment. I would like to hunt out several properties to buy. My plan is to make serveral lowball offers, advertise (such as "I buy houses"), and look for deals. I would like to renovate them too, but would rather just get them flipped as long as there is money to be made. I would be the "birddog" as you might call it. All I need is for someone to guarantee that I would get funding if I can get a deal. The type of deal can be negotiated with the potential investor who would be the actual buyer. I would just get the contract, and negotiate the selling price, ...etc. If anyone would like to talk further please send me a message.

How can this benefit you:

If it is too hard for you to find deals on properties themselves, I could do it for you. As long as I have a guarantee that I would be able to get the funding, I will make the offer, and get the below market house under a contract.

Post: Hey, I would like some help please

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

Two months ago I left home finally in search of a real estate deal in San Bernardino, California. I attempted to buy a property in the tax foreclosure sale. I came with only about 30k to purchase something and as I later found out everything went to high for my budget. After about a month and a half of just checking out the sites while I was there I left for Fresno, California to meet with an investor who had some properties that he bird dogged out for a charge if I were to buy anything he found. I later met up with a realtor who found me a pile of REO's for me to see, so I saw them and now I would like to purchase one of them. They are all under 100 grand, so I could come up with about 30k myself, but I don't think ill be able to get any financing because my job is in Canada in which I haven't been working at for a while. I would like to be able to lowball a few offers to buy so that I can repair something as far as paint and possibly flooring , maybe a few other small repairs. If I could get a good enough deal I would like to purchase something if I could get the financing. If I were to buy anything in this market that I have my eye on under $100k and repair it for 15-20k in 1 months time, and sell it in about 2 more months I should be able to make around 50k on something. I wont get anything If I can't make at least 50k on it in 3 months. And that is putting the place out for a lower price than everything else.

Would anyone have a clue how I could put together one of these deals? If someone could get in on one of these deals with me, I will do all the work on the place and give the lucky investor ~50% of the profit off the place once sold. Please message me back or make reply comments for me if you have any suggestions, comments…

Thank you,
Brian Yakiwchuk

PS if I placed his in the wrong place, Im sorry, please inform me and i will try and repost it where I think it most fits

Post: Tax sales: liens on title

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

Does anyone know the answer to this question? I'm still a little unclear on the answer to it. How do you look to see if there are any leins on a property? Do you have to go to the title company to do a title search or can I just retrieve all the information that I need from the county clerk/recorders office?
Any help will be greatly appreciated, thanks.

Post: any comments on this type of acontract for a preforeclosure?

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

each month for 5 months i get $4000 +/- negotiable (i will recieve this at the closing sale. i make the payments that you are

behind on for you. this will give you time to sell your home. if after 5 months you dont sell your home, i will get the house for

whatever you owe on it minus $10000 and you wont owe the 5 months worth of payments of $4000+/-. you will get to save

your credit rating and have money to boot whether or not you sell your house after the 5 months. If however you manage to

pay off all the debt on your house plus whatever i paid onyour debt before the 5 months are up you will get to keep your

house, but you will still owe me the $4000 a month on top of that. this way you get the chance to save your credit, possibly

keep the house, and get a chance to sell your house for what t is worth allowing you to keep most of the equity.

-------

how does this contract look? if anyone had a pre foreclosure and were desperate to save your credit, would they want to agree to this contract?
Any possible problems or issues with this contract i should concern myself with. any comments are appreciated.

Post: anyone know of a contract for an unsecured line of credit?

Brian FreddysonPosted
  • Investor
  • Edmonton, Alberta
  • Posts 29
  • Votes 0

My da has offered me an unsecured line of credit for buying real estate. we share profits 50/50 on anything that I buy with it. All he wants me to do before I get it is to get a contract written up. Can anyone help me please?? Anyone have any sample contracts that i could use? Any help will be greatly appreciated.