All Forum Posts by: Indya E. Allen

I have heard about this and plan to read up on it a bit. Because of this, do you think it would be a better choice to rent M2M? 

Hello BP!

My name is Indya Allen. I am 19 years old, a college student and new to the real estate game. I am looking to purchase my first property soon, using a Subject 2 offer. As mentioned in previous posts, the property is not currently for sale but after doing a little digging, the owner is headed towards a foreclosure unless someone intervenes. I am trying to put together an offer letter but am unsure as what to include. Is there anyone in the Illinois area that has done a Subject 2 deal? If so, what are the steps you take when deciding on a potential property using Subject 2? Also any advice concerning the format of the letter would be great. Thank you all!

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@Jerry Ayala Hello! Thank you for your response and I will definitely contact you soon.

@Louis Jeffries The woman that owns the property has lived in it for around 30 years if not more. She has taken out multiple loans but data does not show if she is behind on payments. I was able to find that she is behind on HOA payments which is a little over one thousand dollars. The HOA filed a case against her but due to her lack of showing up she has been served publicly. I don't know if that means I can make a move or not. Also she has under $100,000 left on the mortgage but much more equity in the property.

Hello all,

I am 19 years old researching subject 2's as a way to buy my first property. I have already found a property but it is off-market. I did a little digging and the owner is being sued by the HOA and is headed towards foreclosure if not eviction. Because homeowners cannot be evicted right now, the case has been paused but remains open. For those of you who have done an owner-financed subject 2, is there anything I should know ahead of time? Everything I am researching says that I can take over the payments without a down payment, is this true? I am based out of Illinois by the way.

 Hi JD,

Thank you for your response! I will definitely make my goals attainable. I seem to overestimate myself regarding personal goals so I can see where I messed up. 

Thank you again,

Indya E. Allen

Hi Luka,

Unfortunately I could not find any of these books within my surrounding libraries. But I am sure amazon has them. Meanwhile I picked up a book call Bad Habits, Good Habits. 

Thank you,

Indya E. Allen

 Hello Damaso,

Thank you for your response, I will incorporate these ideas into my routine!

Thank you,

Indya E. Allen

Hi Andy,

I apologize for the late response. It seems that mid-terms have snuck up on me! Thank you for your insight, I will definitely incorporate your ideas, especially the one regarding making every day the same. When I looked at previous schedules I had saturday and sunday starting a few hours later than my weekdays. I see that I need to change that! 

Thank you again!

Indya E. Allen

Hello all,

I am nineteen years old and am looking to invest in real estate full-time. Right now I am reading as much as I can, saving as much as I can, as well as looking for properties. My overall goal is to be able to retire before the age of 30 and only have to work for myself. I am also pursuing a MBA degree as a resource for real estate investing. Are there any groups I could join or mentors I could shadow? I am not only trying to build on professional knowledge but also personal growth/habits. I believe that if I am around like-minded individuals I have a better chance of achieving my goals.

Thank you for any help you can provide!