All Forum Posts by: J Benoit

I mean sell to an investor and make some money.  Don't sell to a tenant occupant.

I'm not an expert Dodd Frank laws but have heard much.  It only allows a certain number of mortgages that you can carry a year if you are not licensed.  I'm not sure if or how they are enforcing that.

@Dion DePaoli 

Selling at FMV is fine. Selling with Owner Financing is fine as long as you don't get squeezed by the Dodd Frank Law. Selling with a lease option or rent to own has a strong chance of getting messy in Alabama.

@Christopher McGuire 

 You must be very careful with this transaction.  AL Courts will be in favor for the tenant or potential buyer in the case all day every day.  I've done a few deals as you are describing and I won't do any more.  Reason being, the tenant/potential buyer talks a good game up front but they always run out of money along the way.  In the Metro area most who own homes are investors.  I strongly suggest you mark up the house a little and sell it or as described before, place a tenant in the house and sell it as a turn key model.  You will save yourself loads of stress and money along the way. 

Feel free to reach out if you want to discuss further.

Welcome @James Phillips !  

We have a great crowd in Birmingham.  There is also a meet up group you should join to network with other like minded individuals.  

If I can help you with any of your deals, please ask.

J Benoit

You have a very good case to approach the commission at this point.  They are very friendly and are open to conversation.  It could not hurt to call them.

Hello @Steven W. , I would like the opportunity to meet with you when you come to Birmingham.  I provide turn key and property management.

What city in Alabama is it?  Or Zip code?  I might be able to help if it's in the Birmingham metro area.

Hi @Eric Baum

Birmingham is a great market and very similar to Memphis as I have come to hear about the Memphis market.  There are many more players in Birmingham than the ones you listed.  I'll email you privately for some details on that.

It does offer the B Class neighborhoods where you can realize the rents you are talking about.  Acquisition on a turn key will be from 60-100k for the most part.  Rents will be 800-1100 a month. 

If I can be of more assistance, please ask.

@Kevin Yoo yes, just let me know a few times that work for you both.

Hello Kevin,

I'd be happy to work with you while you build a portfolio.  I provide turn key services and property management.  I have worked with John in limited fashion so please ask him about me.  My contact information is as follows:

Decas Group

205-982-5647

[email protected]