All Forum Posts by: Dennis Dougherty

Good Afternoon all,

This morning , I was watchin a webinar about "Subject to "  and Lease options.  In other words, Taking over someone's existing mortgage and your name is now on the deed but not the bank note.

Are these legal processes. ?

Can you be penalized by law in any of these situations? 

Also there is a " Due on Sale" Clause ,  If I am reading this correctly, the bank can call the note if they chose, when the deed has a different name on it than originally signed........   Does this actually happen ?

Where can I look to find Contracts and forms for these purposes, that are legal in the state of Arizona

Please Advise,

Dennis

Thank you Phillip

Jay,

Thank you also for the information.  Nothing better than learning from people who are in it already. 

BTW...  What method do you use to come up with a reasonable comp price after getting data from the sources that are used ?  Would the average of comps work ? 

Dennis

Isaac, My email is [email protected]

Good Morning Sina,

I am guessing by the age of this post , that it has been sold.  Is this Correct ??

Thanks,

Dennis

Good Morning Isaac,

Just saw your add about the condo on 12th and Thomas.  Do you have time to show it this this morning around 11 am ?.  I am also interested in seeing the 10423 S 47th.  I am in Avondale  

Please contact me at 603-672-2981

Dennis

Kuba,

Thank you very much.  I had thought that something was a little off by doing searches on my own property.   By the way...  is automated valuation # the same as Zillow's "zestimate" ?

Thanks again,

Dennis

Good Morning,

Can anyone suggest a fast, accurate, complete and affordable way to comp a property ?  Right now I may spend 1-2 hours, comparing Zillow to trulia and so forth.

I am also looking for pointers on how to navigate through and what to look for in the deed search to find liens and such.

Any suggestions are welcome

Thank you,

Dennis

Thank you Bryan,

As stated, I am just learning right now. I am willing to bet that my terminology is incorrect.  Sorry if there is any misunderstanding.  So here are my thoughts on this. 

1) Find a way to get started in Real Estate. From what I have heard and read,  Wholesaling is a fairly simple and low cost way to get started . 

Is that correct ?

Are there any other low cost / part time/ controlled risk ways to do this ?

2) I will need to be able to do this work part time until I replace my current income and pay off most of my current loans etc.

3) Build and learn other facets of this business to make a lasting / passive income

4) The end goal is to be doing this business fulltime in 2-5 years and structure is so that when time off is needed, I can take it....   No questions asked and still maintain a decent income.

I hope this clears up my intentions.

Is this an achievable goal ?

Please advise,

Dennis

Good Morning and Happy Holidays,

I have one last set of  questions before I take a break for a couple of days.

1) When doing comps for a given house,  what is the best way to do this ?

I have heard of taking the average of a couple sites like Zillow and redfin, but I have also heard that these sites can be high or low by 5-10%. 

2) Is it safe to take the average  and should we average more than two sites info ?

3) Are there other sites that can be used for comps if you don't have access to the mls or have an RE license ?

Thanks,

Dennis