All Forum Posts by: Jay Hinrichs

@Karen Margrave 

  I am going to go over the the Verizon store and have the kids show me how to e mail a picture from my phone I just tried but I could not figure out how to do it.

@Jon Klaus 

  Ok I have my pictures in my phone I just don't know how to get the pictures from the phone to my computer then on to this site.. I will need to engage the services of my grand daughter at this point.

@Karen Margrave 

  I have one of my subdivision were we are building out the roads sewers water storm drains etc.. would that be appropriate in the new build.. we could start with the famers field show the development infrastructure going in then follow as the homes are built and if we are very lucky sold.

@Karen Margrave 

  Happy to do it... when I figure out how I accomplish that.

Plus this works in TAX Deed states.. TAX certificate states it would not be as effective.

@John Thedford 

@Chelsey Jimenez 

pre tax is nothing more than pre foreclosre only you don't have the pre foreclosure laws that have recently been passed to worry about. And there are far fewer of them At least on the West coast compared to NOD's.

How well this works or how easy it works is directly related to what kind of state your in. IE we are in a title company state were title companies have very good title plants that are all on their data bases.. If your in a state were its still old school IE you need title abstractors to figure out whats going on that is a definite disability.  Since we have what one would call a premier relationship with our title company we can call and get a date down on the phone for free in 3 to 5 minutes.. So we can vette potentials very easy. Then we get a prelim in 24 hours which.. As Rick Harmon on this site talks about there is usually some type of complicated title issues that have to be dealt with.. And its a mad scramble at the end as these folks usually wait to literally the very last day before they are going to lose the property for good.. IE we bought 4 yesterday.. We start one month out with hundreds and whittle it down to 3 to 5 a year per county but they are some of the best deals... And like anything else there is competition from other investors. We have a pretty nice track record and verifiable references that help us.. Plus we have Lexus Nexus that allows us to hunt people down like a PI.. that again is critical to success in this endeavor.  Letters and mailers are worthless by and large for these types of deals as people get bunch's of those from folks all over the country and since many who send out yellow letters or other types of mailers never respond the people just throw them away... Its all about chasing them down finding them and talking to them belly to belly..

@Martin Yung 

 returns are in the eye of the beholder its what ever makes you happy.  I used the 50% rule before I even knew there was a 50% rule. just based on owning hundreds of this class of asset. Now if you buy new or almost new homes you will get

1. better tenant

2. more consistant rent usually if tenant procurement is done correctly

3. much less maintenance over the first 5 to 10 years.

4. since its a nice new home less vacancy factor everything being equal good renters love new or almost new compared to some home that has been a rental for 20 years.

@Fred Stevenson 

  if your not dealing direct with the owner of the property always ask those that are marketing the property if they are licensed RE brokers as they must be as its illegal to sell property that you don't own if you do not have a RE brokers license.. When you buy through unlicensed companies you have no recourse.. They just close up shop and move on.. this was all to common practice with LA based marketing companies and off shore companies.. Just make sure you ask for a copy of their RE brokers license and or proof that they own the asset.

@Annette Hibbler 

  Maybe in some markets but every closing I have done for years the only funds that Attorney or title co will accept is wired funds not even cashiers checques .

Personal check would have to clear the bank before the attorney would convey title or he would be out of trust...

I do find it amazing though in the east coast wet closings were well known investors can walk in with personal checks an the attoney then cuts checks off his or her trust account to the seller and agents.. I personally would never do this. and like I said I have not closed a deal in many years with anything other than a wire.

@Kevin Auyong 

  agreed on Kap  the other thing when I watch him play is his accuracy on the little swing passes which is not good and the receivers have to reach instead of catching in stride.. Montana was not a great deep passer but 10 to 20 yards he was dead on accurate and that created the term run after the catch.. .I saw every game he played in SF in his entire career I never missed one. exect for 2 super bowls I went to Detroit and Stanford. but saw every home game.  we just let our tickets go this year as the seat licenses in levi stadium were out of touch with reality in my mind we had great seats 45 yard line 30 rows up so they were premium seats.