All Forum Posts by: Brett Goldsmith

You should be asking your broker about this or calling an attorney. Here in California we can call California Association of Realtors legal hotline for free for an opinion. 

@Quan Zou When you become a realtor, you pay a fee to your local association and you get access to the MLS that covers your area. MLS = Multiple Listing Service. Many MLS's feed populate into redfin or zillow, but not all areas. If you are looking at 5 units + then loopnet would be more appropriate, but they may be on the MLS too. 5 units + = commercial. MLS is primarily for SFR homes and 1-4 units, but you can list commercial there too.

Selling homes in foreclosure can be great. 90% of my investing and sales involve distressed homeowners who may or may not be in foreclosure. Just like any subset of real estate, it presents it's own challenges at times. Read up on foreclosure laws in your state and you will already know more than 99% of real estate agents in your area.

https://www.nolo.com/legal-enc...

Review MLS deals and learn to analyze them. Then market through cold calling or mail to MF owners. One typical strategy for many would be to market to MF owners who live out of state but who own real estate in the city you are selling in. The goal of any marketing campaign is to catch someone at the right time who has a challenge or want that is solved by the solution you are offering.

Actively and passively. At this point in my life, I am happy investing in any fashion that will provide large returns ( this generally comes from buying below FMV. You typically make your money when you buy. Forced appreciation through value add is a plus too.) I enjoy the deal more too if I do not have to come  heavy out of pocket or obtain financing in my name.

I haven't had it be an issue for me, but it is reasonable to think that it will turn some people off. I have two full sleeves. I just wear a dress shirt at my first meeting ( this doesn't fully cover them ). After that, I am less conscious about trying to conceal them. LA is more liberal though than other areas, so that's just my experience.

Likely an uptick in foreclosures when the moratorium ends. Not going to be as large as many assume in my opinion, but it will increase. Some will be standard sales and others will be short sales. The market for short sales has existed and will exist for years to come, but I do anticipate an uptick over the next 1-2 years. 

If you buy a first position at a FCL auction, it should wipe out subordinate liens.

https://www.nolo.com/legal-enc...

propstream is pretty good nationwide. 

Once they have proof of executorship then they can sell. If you  have questions, you should speak to your title rep about what they need to be able to close out the transaction. Does this home have equity or is it upside down? As other's mentioned, look at the NOD, NOTS, to get an idea of what is owed on the foreclosing lien holder. Pull title to see if there are additional liens to add into your estimate.