All Forum Posts by: Coley Mitchell

@Account Closed is organizing.

@Account Closed Makes sense - I will cruise by after work today.  Looks like you are killing it - checked out some posts on some of your previous projects as well.  Congrats on your success.

Wow - looks great.  Is that in the Chantilly/ Plaza Midwood area?  I think I may have seen those before.

I'm in.

Where would one find a schedule for these events?

Thanks guys.  Good advice.

Thanks @Jon Holdman .  I phrased my question poorly, but I think you got the gist of it - trying to figure out which bank owns property so that I can contact them prior to it being listed.

On Realtytrac it shows a price for the property already - am I correct that the price shown now will most likely be lower (and perhaps significantly lower) than the price it will eventually be listed for?

Doesn't offering a cut of the rehab budget incentivize your partner to blow up the budget? 

I am also considering best ways to go about this, and am working on a structure similar to what @Brian Ortins mentioned above, with the slight adjustment that I also want to incentivize a contractor/ partner to get the work done ahead of schedule and under budget as well.

For example... you get 10% of rehab budget if project is completed within 5% of $10,000 budget within 6 weeks of start date.  For every week past the 6 week mark that project is not completed, a 2% reduction in fee will made.  For every week under the 6 week mark that project is completed, a 2% increase in fee will be rewarded. For every $1000 dollars over budget, a 2% reduction in fee will be made.  For every $1000 under budget, a 2% increase in fee will be rewarded.  The maximum earned cut is 15%.  If cut slips to below 5%, you will be removed from project, 5% fee for finished, satisfactory work completed will be paid.  

Just my .02...

I found a property on RealtyTrac but unfortunately am no longer a member there so I cant see any of the important details.

If I have an address, how can I found out which bank holds the note and get the details on the property?

Thanks,

Coley

Welcome @Jason Alsup !

Greenville is a great place.  I actually went to school at Furman so am very familiar with the area, although Greenville now is a far cry from what it was when I graduated (2005).  I probably wouldnt have graduated if downtown was like it is now. 

I am in Charlotte but hope to own property in Greenville someday as well...