All Forum Posts by: Christina R.

@Richard C. 

@Brittnie Stewart 

Welcome to BP!  I just went through a wholesale with this situation - the current "owner" was the son of the deceased parents - the house was up in a tax sale and he and the brother had never probated the estate.  4 months later, we got the deal done literally less than a week before the foreclosure judgment.  There are a lot of pieces in play and you will need a title company well-versed in tax foreclosure sales.    PM me if you want more information.

I tell sellers right up front I'm working with a partner, I handle the marketing and the partner hands the purchase details and the rehab.  Because I most likely won't be in on the rehab part of this,  my partner is probably going to buy out my interest in this property but doesn't change the amount you(seller) and I just agreed to.  I haven't done many deals but the sellers didn't care after I said this.  They are focused on what they are going to get.

 I think it's all in how you disclose it.

@Account Closed has good advice - start going to some Meetups and networking, and trade off some of your other time commitments (watching tv, for example) and set up keywords here on BP . . and start reading it religiously as well as listening to the podcasts.  Between the two you will learn a LOT.

http://www.meetup.com/bwimeetup

http://www.meetup.com/Real-Estate-Investing-The-Real-Deal/

Congratulations on your first investment property!

@Nicole Generette 

 - go to the luncheon on Mondays at Spirits West on Wilkens Ave in 21223.  @Ned Carey 

 attends as do investors who own Section 8 rentals .  All it costs you is your lunch and the information is invaluable.  You will get some great experience- based opinions on Section 8 "vs" market rent and referrals.  It's worth taking time to go to.

Welcome to BP

@Ryan Dossey 

birddogged one and wholesaled 2.  Have some warm leads right now as well from the original campaign.

@Ryan Dossey 

 congratulations!  I use Jerry's services as well and I'm very pleased.  I am getting ready to start my 2nd 6-month campaign with him this week.  I've been getting a few calls here and there from the last campaign, which ended at the beginning of August . . . based on my experience, I would say you need to keep hitting this list.  I was - and to be honest, still am to a degree- skeptical about the residual results of mail campaigns (hitting the list over, and over, etc) but I'm going to give it a go for another 6 months.  Adding something else into the mix with it as well so we'll see what happens.

I would say that your experience is typically not the norm (getting a deal right out of the gate).  You will need to keep hustling - this is a numbers game.  I've read threads here on BP where people hit the jackpot right away and then there is a dry spell.  It may not happen to you and that would be great if it didn't; statistically, you need to play the odds.  Keep hitting the list . If you can't afford 1000 a month, scale back to 500 a month.  You need to consistently touch that list for a least 6 months, if not more.

@Nicole A. 

 - wow, you are getting slammed right now but my feeling is once this burst of bad luck is over, you'll have a settled period.  Sound like you have great tenants and your contractors are good people. As frustrating as it is, it could be that much worse.    Here - to lift your spirits - at least you didn't go look at a house today where there were gaping holes in the ceiling and a non-existent kitchen area but somehow this is worth 50K more - in the seller's mind - than what I offered.  I.E., rejection . . . and in the absence of reason as well - stinks!! lol!! 

Keep your chin up!