All Forum Posts by: Jimmy Campbell

The rent stated in the heading is incorrect.  There is a lease in place to expire September 2016 at $550/month.  Apologies but I do not see a way to correct the heading.

The first set of numbers appears to be a hard-money loan.

The second set of numbers we are not clear on since there do not appear to be any loan terms.

And yes, lower LTV would be better for the lender.

What a great home for either an owner occupant, or a second home for those Pocono getaways.  The Price is Right.

Hurry - Recent foreclosure, just introduced to market.  Gated community, "A Country Place".

Thanks to everyone who has replied so far.  I like a good discussion as much as the next guy, but one thing I don't want to provoke are ill feelings among BP members.  I feel maybe at this point I would like to go back to my original post and re-focus on my question.  Honestly, we have properties and we would like to know if this is a good direction to go in finding buyers.  So going back to my post: 

Originally posted by @Jimmy Campbell:

Has anyone ever dealt with these companies/groups who advertise "we buy houses for cash"?  Not only dealt with them, but actually closed a deal with one of them?  

I am wondering if they are truly worth the time for a distressed property.

Welcome Jamal. We are close by in Rock Hill. Outside of all the great resources within BP, be sure to check out local REIA group, which also offers sub-group meetings, and there are several Meetups around to tap into as well. Good luck and hope to see you around.

@Stephen Nicholson

Interesting point you make regarding wholesalers.  Could make sense of the offers.  More people to divvy up the pie. 

Has anyone ever dealt with these companies/groups who advertise "we buy houses for cash"?  Not only dealt with them, but actually closed a deal with one of them?  

I am wondering if they are truly worth the time for a distressed property.

Any insights?

Remodeled in 2015.  Under management.

Repainted interior, new vinyl flooring in kitchen and bath, new interior and entry doors, new security doors, new HVAC, new wiring, new plumbing, new hot water heater, new lights, new appliances, exterior paint on trim/windows/foundation, washing machine/dryer connections moved to basement to create more room in main living area of house.  

Pictures

Hey Jesse. Welcome to BP. And let me invite you to visit the Metrolina REIA group in Charlotte. This would be a great local community of investors where you could connect, network, make deals, and take advantage of many learning opportunities. We are located in Rock Hill. If there is anything we can do to help, please feel free to contact us offline. Best of luck.