All Forum Posts by: Dalton Dellinger

@Marissa Rodriguez hello! I use True People Search. It is not very efficient if you want to process a bulk list of numbers at a time. However I have used it to individually call people and add them to my cash buyers list. Good luck!

@Tom Cafarella the link did not work. However I am in the Evansville, Indiana and would love to join your team.

@Garrett Leahigh I live and invest in Indiana. I had my lawyer Grant Deed (not quit-claim) my property into the name of my LLC. I got this idea from one of Clayton Morris's podcasts with Garrett Sutton, a Rich Dad advisor. It is episode 197 if you are interested. I'm a big fan of Clayton's show even though I've heard all the horror stories about his company.

According to them, if you Grant Deed a property into an LLC, it should not affect the Due on Sale clause because there is a "continuity of obligation". Basically you are still liable for the amount of the loan since you are a member of the LLC. Also in the podcast, he said that when the bank accepts the first mortgage payment from the LLC, they are basically waiving their rights to trigger the Due on Sale. It sets a precedent for how the property is paid for.

Again all my information may be wrong, but I have personally done this with one property for almost a year now and have not heard any word from the bank. Good luck! Hope to connect in the future.

@Ryan Peach thanks for sharing! Seeing the real numbers behind deals like this is inspiring.

Did you have a prior relationship to the bank or whoever gave you the construction loan?

How did you determine the repair cost for the fire damage?

Would love to hear more about this deal and more.

Thanks,

John "Dalton" Dellinger

Hello everyone, My name is John "Dalton" Dellinger. I am new to wholesaling and would like to build up a cash buyers list so that I can aggressively pursue deals I see each week. Please inbox me so that I can add your name to my list and help you achieve your goals!

@Joseph Back thanks for the response! I called my county clerk and they only post the list a couple of months before the tax sale. They will not sell me a current list. By the time they make it to the tax sale list, it is normally too late.

Hello BP! I am not sure in which category to put this post. I hired a virtual assistant after rereading the four hour workweek. At my W-2 job I make over 6 figures a year so I figured it would be a great use of my time to have my VA help me locate off market properties. I think I would like his team to look for tax delinquent properties.

Should I have him go through Google Street View and "drive" down the streets of my town and then look the properties up on our Assessor's page to see if the properties are delinquent?

I realize that I could just buy a list, but I am already paying for the assistant and don't want to get rid of him. I would like to transition him into doing more real estate type activities for me.

@Joe T. I am currently working with a CPA in Evansville, IN. I will gladly recommend her if you shoot me a message!

 That is a good point. Mainly I was talking about smaller SFRs but I assume the concept is the same for larger apartment buildings as well. A 50/50 split with a money partner does not sound like a bad deal to me. My team finds the deal and manages it while the money partner collects a check every month. Please correct me if I'm wrong. 

@Josh Pryor Anne from the REI Meetup had mentioned at the last meetup that she was considering private lending if the numbers worked for her. Maybe if you found a deal and presented it to her in a way that offered her a great return, she would be your private lender? Also missed you at the last meetup. Hope things are going well for you and your family. Reach out when you can.

Dalton