All Forum Posts by: Jacob Michaels

Awesome, thanks @Dan Shoemaker

Thanks @Dan Shoemaker Can you tell me how much the costs are with them?

Can anyone recommend any good loan servicing companies they have used, especially for subject-to deals in the Dallas/ DFW area?

Can anyone comment on what we need to know about wholesaling a subject-to house to a retail buyer (owner-occupant). I've got a house under contract where there's not enough equity for the owner to want to invest to fix it up and sell it retail, so I offered the subject-to route to him. My investor buyers are reluctant because the loan (8.5%) is too steep.

I know Phill Groves had been teaching his AMPS system where investor/wholesalers serve as transaction engineers and link up the seller and the retail buyers for a fee. Is this still possible with the new Dodd-Frank regulations?

How would we make this work?

Great opportunity for investors with limited capital and want solid returns.

3/2 house in family neighborhood great for renting. ~1600 sq ft.

Located near Costco and Vandergriff Park, near intersection of E Mayfield Rd and S Collins St in Arlington

$8,500 down payment, $98,750 total purchase price. Similar homes on market for up to $135k

Needs normal repairs after renter moved out.

Must have full $8,500 down payment in cash, plus closing costs. Buyer to pay all closing costs.

EMAIL ONLY: [email protected].

**I will give you the address and send pictures only after I receive your Proof of Funds ($8,500 + ~$2k closing costs)

Keywords: Motivated, need to sell, asap, must sell fast, wholesale, handyman special

@Derrick Samuels Yes, both of these strategies are used frequently in Texas. I did a sub-to with a partner last year, and we were looking to sell through owner financing on a wrap, before we ended up changing strategy.

One thing to be mindful of is the new Dodd-Frank regulations affecting owner financing strategies starting this year. You can read up on it in many forums here on BP.

@Gautam Venkatesan I haven't had to use a GC in my investing yet, and I'm curious. How much do you generally pay a GC?

I'm looking to get connected with any of the big/small hedge fund buyers in the Dallas area. Can anyone recommend who I should be looking at?

Thanks in advance!

@Kennedy Williams @Brandon Bennett How's the wholesaling coming along fellas?

@Muaz I. Hey Muaz, how's the wholesaling coming along so far?

I also got started in wholesaling in Dallas towards the end of last year and looking to connect with other wholesalers.