All Forum Posts by: Johnny Ruiz

I live in Rhode Island can you please contact me thank you.

I recently read something that stated if you pay for someone’s property taxes you can put a lien on someone home. And they have a grace period to pay you back. Is this true how does it work?

I recently read something that stated if you pay for someone’s property taxes you can put a lien on someone home. And they have a grace period to pay you back. Is this true how does it work?

I would like to know would I manage a seller financing deal? In other words, I have this old man who is interested in seller financing but I am clueless on how I create the mortgage aspect. Do I have a lawyer draw it up or do I draw up the promissory note between us two and then have the lawyer transfer the title? It’s all still confusing... please help

I recently ran into a lead where the owner is open to doing seller financing. The thing is he would like Have free rent until he passes(87 years old). This is hard because I would have to pay him monthly and take money out for a construction loan. Is their a way I can structure whereas his stay goes to the mortgage I owe him? Also once I get a promissory note between both parties will I need to present this to a lawyer?

I have been in contact with a motivated seller in regards to her property but I the options I am offering isn’t helping her. She owes 600k on a million dollar valued home but she really wants to sell. She wants to get the home off her books and pay off the two lenders. The home does need lots of repairs I’m thinking 150-200k. Thing is in order for me to purchase and profit I will need to be at 430k to make this deal work. She is already behind on her first payment being that she pays 6k a month. Question is how do I get a deal with the bank before the house hits the market? In other words, once the home goes into pre-forclosure how do I get first bid before I think hit send auction or the market?

I have no political ties to Trump, I just want to get money and I see him as a real estate mogul.

I am a 19 year old wholesaler who is looking to go big this year. I own one property, but I would like to know how do I build a real estate empire like Trump? I want to know how I can better organize my marketing, my business etc. I notice the 50 unit lifts and this is something I want to rehab and hold throughout New England. Any advice on how I can structure my business?

Thank you

I recently just gotten a new lead in Portsmouth RI and the seller is really committed. She wants to sell as fast as she can because she is going through hard times. The ARV is 950k-1.3 million. I estimate repairs to be 120k-150k and she owes roughly 600k on the home. In order for me to make this deal work I need to be at 425or below. What steps should I take for me to get a deal at 480k if she owes 600k. I've heard of a short sale but I am inexperienced in getting a short sale deal going. I want to buy and rehab this myself but she owes too much and I can only buy I at 425k. Not to mention she recently fell back on paying her month’y Mortgage which is 6200 a month. I really want to buy this home and help this seller, what can I do to get the price to my advantage hence she is open to anything?