All Forum Posts by: Joe Garbarczyk

@Vincent Polisi is probably the most transparent guy I have ever known in my life. Real estate and non-real estate related things included. When some say he has a "questionable character," I would say you don't know him at all. He advocates for doing things the right way, the legal way and always transparent. 

Hi everyone - can anyone recommend an investor friendly real estate attorney in northern Palm Beach county? I'm looking for someone who can not only look at contracts, but do closings, collect escrow, etc.

Thanks in advance!

Hi @John Patton.  The seller I talked to has roughly 240 acres in Jefferson County, but I also learned that the owners of the neighboring acres are also looking to sell. There could be closer to 400-500 acres.

@Dave Van Horn Thank you for responding and for the input.

I just received a call from a motivated seller who has 243 acres for sale outside of Birmingham, AL (the home he had on the land burned down - we were targeting him for his home).

He's extremely motivated and wants to get rid of the land for what it was appraised from (around $1.5 million) and he currently has it listed for around $4 million.

I'm not sure where to start on this one - how does one go about finding buyers for land and how does someone put a value on land?

Any all help and guidance is appreciated.

Thanks @Brian Truman and @Jeff B.

If I were to re-word my question it would be: SHOULD I separate the 6th house, not CAN I separate the 6th house?

@Jeff - The seller is an older gentleman who has some health issues so it's highly unlikely he will do any leg work - nor would I want him to since this would delay the closing.

@Brian - Financing is NOT an issue at all. This is a class C neighborhood on a good day. It's a really good deal. Also, I don't believe there's anything clouding the title - only some back taxes that are owed.

@Jay DeCima What I'm going to do is work out an agreement with the seller on the 6th house so it's included in the deal but the brother can live there as long as he pays something monthly that goes towards taxes and not necessarily rent. I know I am going to have another conversation with the seller about this.

PS - Did I mention I'm going to wholesale this deal?

Thank you, @Jay DeCima.

I came across a really great wholesale deal in the Bessemer / Lipscomb area of Birmingham.

However, on the surface - at least to me - the way the land and public records are coming up in my research have me a little confused /concerned if this deal can actually go through. 

Here are the details:

• I am getting a package of 6 houses and 1 empty lot under contract from the seller
• He rents out 5 of the houses to tenants but is letting his brother live in the 6th house for free (he promised his deceased mother he would take care of his brother)
  • Each of the different homes have their own addresses
• When looking in the public records all of the houses are on the same Parcel / Tax ID #
• The seller wants to try to keep the house that his brother lives in out of the deal so his brother has a place to live and is taken care
• The seller lives out of town in southern Alabama and owes at least 2 years of back taxes

So my questions are:

1. Is it normal / legal to have more than 1 home on a single parcel?
2. Will there be any way to separate the 6th house his brother is living in or should we put in the contract that for the next X years he can live there rent free but will have to pay Y for taxes?

I look forward to the advice!

I need some advice please. Here's the situation:

- Motivated seller who lives out of state
- Property is in Center Point, AL 35215
- I'm a virtual wholesaler and live in FL
- ARV $69k, mortgage balance of $47k with monthly payments of $283
- There is tenant in there who is behind on rent and they need to evict, but don't know the steps or how to do

My question is - what is the best way to structure a deal like this? Seems like a wrap or subject to would work here but I'm still learning and haven't executed a deal like that before? Any and all advice would be appreciated!

Hi all - I'm looking to connect with some investor and lease option friendly agents here in Jupiter and the surrounding areas. My main focus is on wholesaling and lease options, and until I have my real estate license (working on it) I want to ensure I'm not doing anything illegal or unethical so I'd like to work with an agent who can help advertise any lease option leads I obtain.

So two questions:

1. Am I correct to assume that I need my license to do advertise lease options (Brian Gibbons has recommended that I get it if doing business in FL)

2. Can anyone recommended an agent who has experience with showing / advertising lease options in this area?

Many thanks in advance!

This is to my fellow wholesalers out there...

I absolutely love marketing and talking to motivated sellers on the phone...and doing it over and over again. That's why I LOVE virtual wholesaling. I have a very comprehensive marketing background and get very excited about new things to try and systems to put into place. I know I might be a different than other wholesalers and people doing REI because it can become very, very overwhelming.

So my question is simple: do you prefer the marketing and qualifying leads / lead generation or seeing properties, pulling comps, negotiating, etc?

Again for me, it's absolutely the marketing part. 

Also, if you're are not that into marketing and want a steady stream of leads and have a cash buyers list let's connect.