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All Forum Posts by: Dwayne Poster

Dwayne Poster has started 1 posts and replied 453 times.

Post: Find An Agent or Lender First?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

You need to know what your financial capacity is, and it doesn't take a Realtor referral to walk in and talk to your local bank. I've engage in Realtor referred professionals, but my bank is a key partner in my financial matters. 

Post: Deed in his dead dads name???

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226
Quote from @Ben Boru:
Quote from @Marty Boardman:

I've done several Arizona probate deals and they are difficult to close. Here's what I had to do:

1. Get a death certificate

2. Get a probate attorney for the estate (plus pay the legal fees because the family members were all broke) and follow the legal steps required

3. Get all heirs to sign the petition

4. Get all heirs to sign the deed to you

It takes about 3-4 weeks IF everyone cooperates. That's the trickiest part of it. Good luck!

1. He has a death cert

2. The sibling that I'm dealing with says he is the legal executor of the estate (is that what it's called?) Does this help? He says this is why it is still in his dads name he didn't do anything about it. 

3 & 4. He says this is possible




 If he is the legal Executor, the property has been probated. Ask to see the grant, or search and pull court dockets to confirm. Pull the foreclosure documents to see if redemption still exists, and if so, write him an offer for clear title. He may need help with an attorney, and you should use one for specific language. If redemption has expired, your offer then goes for judicial review, along with any other offers.

Post: Should Tenants Use Security Deposit Toward Rent

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226
Quote from @Alexander F Pollock:

The tenant would like to use their security deposit towards May rent because May's late fees will cause them to be late for June & July. They would have to refill the security deposit, which would just cause them to still be late and probably incur more fees. Their lease is up in September. They do have a cosigner because of bad credit.  Should the cosigner pay and work it out between themselves? Thoughts on allowing them to use the security deposit?

Thanks in advance.

 absolutely not. As you say, one leads to another, so in effect you would be investing in your demise. I would notify the cosigner, reminding them of what the penalties are. They cosigned specifically to smooth over thier dependents shortcomings.  I also suspect that you might be breaking the law if you don't hold the deposit, as a deposit. In my area we have to hold the deposit in a trust account, and cannot use it for any other reason.

Post: Who's watching while you show a home?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

One of my home inspectors warned me a few years ago that you should always consider yourself under surveillance.

Post: In need of some advice

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

one thing I learned along the way, was that it is easier to go somewhere, rather than leave somewhere. As you focus and prepare for your new career, the pains of today tend to dissipate. You have a good paying job today, milk it for what its worth. 

Post: 3D Printing Technology

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

Far too early in my opinion. I had looked at a couple of systems but went with a precast wall system. That was a few years back, and since then, the plant has expanded into structural beams. Very happy with their performance. 

buy windows follow sales windows. It is time to shed your poor performers. Really good deals are on the horizon and a flush account puts one in a very good position. 

Post: Becoming a licensed contractor for permits only

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

I have an electrical masters designation, which is required in my area to pull electrical permits. This is above the national electrician trade qualifications. Although I can pull permits, I can’t actually do any work without being licensed as a contractor, with insurance coverage. I can pull a homeowners permit, but only if I reside in the property. The same holds true for plumbing and gas work, although there is no owner s permit for gas.

Unless you are a resident home owner, you will not have a path to permits without substantial investment, or sub contract.

Post: How to hire correctly as real estate agent?

Dwayne PosterPosted
  • Investor
  • Van Isle
  • Posts 455
  • Votes 226

Any good photographer will have a portfolio. Send out a request on Facebook, ask for fee structure and a link to their images, and of course, references.

Quote from @Lisa Caracciolo:

I was hoping to get some advice. I just feel like I'm not looking at this from all angles and I want to make sure I'm coming to the table with a win-win scenario. My brother in law is selling his rental; it needs work (probably about $50k) and he wants to net at least $300k when all is said and done (he owes $215). He was going to sell it as-is on the MLS as-is, but he was thinking he could list it at $500k, but I told him that investors would probably offer closer to $430k (as I believe ARV is around $550). Then he was going to see if I wanted to buy it from him and flip it myself, but I don't think that I could make any money on it if I bought it from him as I would have closing costs, holding costs, etc. that would just push the profit margin too slim. He brought up an interesting idea of just flipping it together: aka....I'm boots on the ground here and would run the flip completely and put up the money for rehab and he would just be almost like a silent partner (he is out of state and doesn't really have time to deal with it anyways). I'm wondering if it's even worth it or if I should just advise him to sell it on the MLS as-is....I know I'm missing something as this seems like a great opportunity, but I can't seem to make the numbers work.

It's on 7th St and Greenway 3/2 1550 sq ft with a pool on 15,000 sq ft lot.


As a Realtor, you want listings. As a seller, he wants best price. MLS list it and start looking for your next listing.