All Forum Posts by: Jorge Espinoza

If working with my realtor i submit it on paper.Now if i find the deal myself it'll definetly be verbally..HAPPY IMNVESTING... :D :D

Regards,
Jorge Espinoza
" Natural born Go Getter" :superman:

harbinger and warren unfortunately i couldn't make it to this last meeting you guys had due to the fact that i've been real busy out here making these cash offers you can count on me for this upcoming meeting. Thanks......HAPPY INVESTING....

Regards,
Jorge

"Can't help it when your a natural born Go Getter"

tpalm36 you can advertise on your local newspaper hang flyers in your target area or talk to friends or family members the birdogs i use are usually family, friends,realtors,mortgage brokers,the garbage guy ,your mailman,landscaper,even my barber i tell them if they find a property that i close on i'll pay them 1,000 to 2,000 cash!!!!!! hope this helps..HAPPY INVESTING..

Im assuming your talking about taking over the payments subject to the exisiting loan.so let me break it down to you....

1.sales contract with subject to existing loan clause on it.

2.create a land trust conveying the property into the trust and your company or good friend as trustee.

3.have seller sign a warranty deed to trustee showing seller still holds 100% beneficial interest.

4.have seller sign an assignment of beneficial interest (ABI) naming you the sole beneficiary to the landtrust.

5.you would file the "warranty deed" at the county clerks office but hold on to the "ABI" for future use when selling the property DO NOT FILE THE (ABI)!

6.get a seperate policy and pay additional to your sellers insurance if theirs in escrowed in the monthly payment or get a (POA) and call the existing ins co and have your name added to the policy.

7.get charge of address notices to the mortgage co stating that the seller has given you authorization to manage their account and that all correspondences must go to you and/or your company.

Hope this helps..... Jorge Espinoza .....

6.

anybody know of any good books or courses on obtaining real estate subject to sounds like a good way of making money in the real estate biz.

Am i late or what if i am and you guys still doing these meetings count me in.By the way im new to this forum and loving it already im a wholesaler here in long beach,california and ready to be aggressive in real estate investing.GOD BLESS this forum and HAPPY INVESTING.