All Forum Posts by: Gilbert Gomez

Hello BP I have a question a family member is willing to pass on a duplex in Los Angeles worth $450,000 he has $200,000 in equity which he wants to extract and I just keep making the monthly payments of $1300 and pay off the rest. Now how can we go about doing this he is retired and still has a mortgage and I have absolutely no credit will this effect him extracting his equity. And should I do a sub2 or owner finance ? What exactly would you guys do??? Thanks 

 Thanks appreciate it. Are u a cash buyer ? 

 Double closing as in end buyer will not know my wholesale fee. Buyer will know I am selling a contract with rights to purchase the property and seller knows I can assign it to another investor or partner if I choose. Will they do this at optima escrow?

i am looking for a escrow company that does double closings in the Los Angeles area. does anyone know of any? 

I saw a home that is under water $100k but would love to fix and move on but it is a listed short sale and I don't have the $750k to fork out can I do lease options?? Or what options do I have if any? They are looking for an all cash offer but it's been on the marker for 100+ days And the home I currently live in is being put up on the market in a few weeks 

I just got a lead of a duplex property is worth $912,472 loan balance is $623,039, equity is $289,433 but it is filed for chapter 11 bankruptcy 2 years ago and has back taxes of $51,247. question is what can i do with this? can i wholesale it? or walk away? any Advice welcome

I got a lead of a duplex property is worth $912,472 loan balance is $623,039, equity is $289,433 but it is filed for chapter 11 bankruptcy 2 years ago and has back taxes of $51,247. question is what can i do with this? can i wholesale it? or walk away?

 What would u say the typical response rate is for these?

Has anyone used the Big Cardboard Urgent envelopes from Yellowletters.com or another site? if so how well do they work and what was your response rate?

 was just pointing out the loan balance. and yes the loan balance does have an effect. what if loan balance is -35k then i have very few options on what i can do with it.