All Forum Posts by: Jason S.
Jason S. has started 11 posts and replied 399 times.
Originally posted by Daniel Fernandez:
We will buy those leads and pay the wholesaler. Contact me anytime.
Post: Private Money Terms - Short Term Funds
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
One that comes to mind is the Norris Group out of Riverside -
3.5 pts + $1050 12% no pre-pay. There are some cheaper sources but they came to mind first.
If you want some others I will pull a list for you - just PM me.
Post: Multiple Properties - Multiple States
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Originally posted by Dan Noble:
The properties are mainly in the mid-west and we have a signing-inspection process that generates a lot of calls for the most part. For some there is just little interest, the lots for example get few calls.
Haven't read many forum posts yet and will but please contribute your ideas about getting creative selling these properties quickly.
Thanks - Danno
Dan,
In CA I take my crazy rural lots and send them to the local manufactured home dealers that do land/home deals. They oftentimes even overpay for land because they are wrapping all of the costs into a single packaged construction loan for their client. Maybe this will work in the Mid-West also.
Originally posted by Brian Muhammad:
It would be good to review this transaction with someone "in the know" in your area. An experienced agent, investor, title rep, and the escrow officer to ensure all is being done correctly.
For example, correct me if I am wrong Nationwidepi but it is illegal to double close (without taking ownership, hence your service) in CA. - Yet I have Realtors, escrow officers etc tell me they are doing it.
So Brian - be sure to run all of the specifics through A-Z with all parties involved in the close. GREAT JOB by the way! CONGRATS! - now lets make certain you get this closed!
Post: Does wife have to go on title if purchase is soley to wholesale/flip?
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Your title officer should know the specifics for your state. (of course a lawyer is the best to ask, but the TO should be satisfactory)
In CA the wife signs off on acquisition if she is not on title.
Post: Is it true??? Buy and Sell Real Estate with no money/Credit!!!
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Originally posted by Jorvon Smith:
I am just trying to figure out, is there really a way to buy and sell real estate without cash/credit. I am tring to flip REO's, I come across delas "all day long" here in So. Cal, my method of payment is transactional funding, however everytime I think I am progressing or coming close to having an offer excepted, I am being told that my "type of funding" is not excepted. Yet I hear of people all over (esp. in the state of Fl) filpping all types of property with the same method of fundong, and from the very same company I use. I am now wondering if it's the California market. So again I ask, is there a legitamate way to flip properties without using cash/credit? All advice, suggestions are welcomed.
Many Thanks and GOD BLESS
Jorvon
You could.......
1. Find a partner that has "all" the cash and simply find the deal and have them make the offer.
2. Find a partner with "some" cash, get a hard money approval letter, and use that.
3. There are companies that offer proof of funds that you can use - I am not familiar with any specific company but you could look into it - also, some Realtors and bank may be familiar with the companies and not accept them but some just might.
If you really have found true Deals then make some colleagues here on BP and work with them.
Post: Cash property list, reverse owner lookup...
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Your title company can give you the "mailing address" (as opposed to the property address) for the owner of the properties.
Getting a title company to do it for you is fairly easy. Call a title rep, tell them you are doing some marketing and you will try to use them for title upon success. If you do not know a title rep then ask a Realtor who they use.
If you are bent on the online option then you could pay for Dataquicks' GoTitle service.
--or--
Go to your assessors office and look up each property - they will have mailing address also.
Post: How Do You Forclose On A Note?
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Call local foreclosure trustees. If you do not know any then look at your local foreclosure notices, look at the company listed as the trustee and then call them for pricing. With all of the legal requirements and regulations - hand it over to a professional.
Post: What books do i NEED to read?!
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Originally posted by mike_mn:
Everyone should read Atlas Shrugged - Or at least do the audio book (unabridged). It is absolutely incredible, powerful, and timely.
Read, or listen, to it. Simply clarifying.
Post: Laid off and in a bankruptcy
- Investor
- Diamond Bar, CA
- Posts 446
- Votes 233
Most banks should work with you for your back payments - the big focus, of course, would be the income side of the equation. If the bank sees that you had an interruption in income but now have a new job and enough income to begin paying again - they should be able to work with you. If you do not have enough income to make the payments - in the end the banks usually are stuck and not able to do anything.
I hope that helps a little. I guess I more or less stated the obvious but hopefully it helps.. In this economic environment the key to the negotiation is your income.
I sincerely wish you the best.
Hopefully the Administration will stop their current policies/agenda and work on actually doing what is necessary and proven to create jobs and get the economy moving again.