All Forum Posts by: Jeremy Galloway

@Gray Cato I'm working the Shelby co area primarily. (Pelham/alabaster/Helena) 

@Gray Cato Do you have an area in Birmingham metro in mind?

@Darnelle Howell http://www.alareia.com/event/joe-mccall/ 

@Wayne Brooks That's a great question!!! She is trying to sell it via a realtor for the last 6 months with no luck. I'm not sure what is the incentive is for the 'owner' if she doesn't have any interest in it any longer. It's quite a weird one and my title attorney doesn't understand either. I know, as an investor, we have to become creative to help people out of their properties but I don't feel these are properties she owns. 

Hi all!

I've got a seller here in the Birmingham area that has two properties she is trying to sell quickly. There is a quitclaim deed on each to both of these properties where a 'foreclosure investor' gave the seller $30K to keep from the properties being foreclosed on and she did a quitclaim deed to the investor. There is also a divorce that started this whole foreclosure process as well. 

Property #1 ARV is about $320-330K, and needs about $10-15K of work (per contractor that she had out to the property). She owes about $250K mortgage on this property.

Property #2 ARV is about $280K but it's a lake house so the comps are harder to nail down. She owes $180K on that property, and about the same amount of work in it $10-15K.

I'm sure she wants to sell both and get out of the house with her ex but want to make sure a deal is there to flip/whole-flip. I'm not sure if private money that we have in place would go for this large of an investment ~$500K 

@Jamie O'Brien let me know if I'm missing something on the narrative. 

@Fred Stevenson I have a GC, heating & air, and handyman that I could have look at it. Some of them are pretty extensive/costly like putting in a new furnace. Does this list have to be completed before you have the buyer purchase it? 

@Rob Drum Thanks for sharing!

Hi everyone,

I wanted to put my information out there about boots on the ground in Birmingham area. I've been doing in for the past few months for a group but would like to offer it to others here on BP. If anyone is an out-of-state investor that is looking to purchase a property in Birmingham area (Jefferson/Shelby county) let me know. I can do exterior/interior assessment with photos/video, and I'm attaching a blog post of a 2-minute video as an example.

DM me if you are interested. I prefer to go to properties that are vacant or where the owner knows I'm coming ;)

Thanks, Jeremy

http://shelbycountyhomebuyers.com/blog/boots-groun...

Birmingham Home Inspector- Mark Branson http://www.bhaminspectionpro.com/

Birmingham Home Inspectors- Mark Branson