All Forum Posts by: Lindsey Johnson

Hey family,

Question on putting together a deal that I could really use some help on. I have my second appointment with a woman facing foreclosure on Tuesday. She is 22k in arrears. She is delinquent on taxes and is in credit debt too. She will be getting a notice of trustee sale in the next 4 weeks. She bought home for $160,000 at 3% interest rate. ARV is about $390k. The pain she is in is deep and I believe there is a way to structure this deal to alleviate all her pain and make some money/acquire a property with creative finance. Any advice would be greatly appreciated!! Need to get this completely dialed before Tuesday so I can present.

I have run in to this as well.. One of my partners recommended you type a text before the call saying something to the affect of “my partner Jeff will be giving you a call from (insert number)" then call them from the other number on your account. That way, it will show up as “maybe:Jeff” rather than spam. Kind boot leg, but seems to do the trick. 

Hey @Phillip Marshall,

I think the advise you got above is solid. I do not have much to add. Just curious though, being from the Raleigh, NC area myself, are you investing in Carolina Beach? How is that going?

@Adam Jones Hey man! Yeah I would advise putting them in first position. Should be that simple. I sent you a DM/Request. Super curious what deals you are working in San Juan! Would love to connect. 

Win some, learn some!

@Taylor Gardner purchase a list of skip traced, no mortgage, absentee owned single family homes. Call the list and ask for seller finance. Tell a story and share your long term vision. Many investors got their start this way and are eager to see young investors win! I think if you pulled and called 100 leads a month you would get your first deal in 2023 with little out of pocket. You could use your 25k as a downpayment and/or on renovation. DM me if you want help pulling the list, I have access to a title company list source. Best of luck!

Hey BP!

We are running some off market foreclosure transactions and I am looking for a title and escrow company who  is willing to be creative. I am finding some of them are unfamiliar with off market acquisitions in San Diego and won't run the transaction. For those working off market deals that are legal but untraditional, what escrow/title do you recommend? Any thoughts are welcome.

Thanks!

I sent you a DM as well. I would love to learn more about what plays are working for you!

@Bryce Hammill Creative finance all day. Search on market for FHA/VA loans property owners with a property on market for 90 days or more. Call the agent and ask if they'd be open to you purchasing the property subject to. and/or, Search for seller finance deals. Here are a few resources on where to find deals: landwatch, ownercarry, ownerfinancing, sellerfinancing, Sellercarryback, installmentsale. All dot coms. Check it out! No need to wait for a downpayment.

@Tyler McKown man, I wish I would have been thinking like you as a new graduate! I would recommend jumping in right away when you graduate to keep momentum. Keep the same mentality you have had as a student, but apply it to real estate. Purchase books, dedicate time to learning, test your skills. Network on here and at REI meet ups (see facebook or eventbrite). Talk real estate with everyone who will listen. Become very comfortable with the terms and numbers. With a genuine hunger to learn, university education, low bills and high time, the world is yours bro! DM me with any questions. Would love to be of any help I can be.