All Forum Posts by: Jim C.

I'm wrestling with this same situation myself right now. I've interviewed and actually hired someone who lasted about a week and I had to let them go (not qualified- after a great interview). So.... I'm still looking. It's hard to get good employees, I've found.

Just bought a Fannie property in Indiana. I suppose putting a new tarp on the roof constitutes an upgrade! At least they left the appliances.

@Sharad M. If you let me know what areas you are interested in, I'd be more than happy to pass these on to you. 

@Ashton Astillero Sure. That would be great! Would he be willing to do roofing and painting?

@Caleb Mclamb 

did you try REO?

@Jeremy Tillotson I did attend the REIA meeting in Merrillville any wasn't impressed a few months ago when they held their 'contractor' fair. There were a few specific trades there, but Handyman type businesses showcasing. Thanks for the suggestion though.

I tried the Lake County Sheriff's sale last year. What a Joke. Most Minimum bids are for the default amount of the mortgage, and the banks will typically bid at least that amount and even bid beyond the amount. Why? Didn't make sense to me.

Regarding Wholesalers, did you check out 'Wholesale Houses to the Public' in Griffith?

Anyone on BP have any recommendations for a Handyperson in the Northwest Indiana area (Schererville, Dyer, Merrillville, CP) that is reasonable?? I have tried a few from Craigslist with bad results. Any recommendations would be appreciated. Thx!

There are so called 'wholesalers' out there that place bids on a property just to get an accepted offer with contingencies. They then proceed to try and sell the property before the contingency period ends by using bandit signs, etc. It shows as "Contingent" on the MLS and most of these 'wholesalers' have no intentions of closing on this property unless they get a buyer for their price. If they can't get a buyer, they find a reason to back out of the contract and get their EMD money back. They can do this several times on the same property to 'lock it up' for a long period of time (They have multiple company names that they bid on the same property under). I see this happen alot for the HUD properties in my area. Since HUD no longer discloses publicly the bids and Agents who put these bids in, it allows for more 'shadow bidders'. So, once a accepted bid on HUD falls thru, they relist it, and sometimes for a lesser amount (due to elapsed time from date of listing) and the 'wholesaler' locks it up again and again. This can happen several times until they find a buyer.