All Forum Posts by: Sarah B.

Thank you Joe!

Hello :) I'm looking for a good real estate attorney in the Sacramento area who has experience with RE Investing. I am also seeking a good CPA if anyone has a recommendation.

IF he is an agent/flipper this is not uncommon. He may have the money investor, and find the deal while earning the commission from the acting as an agent on the acquisition of the property. Once the property is closed he could be managing the whole rehab, from contractors to design to materials...then earning a profit split, ie 40%.

I've been involved in the Auction here in Sacramento for about 2 years now. The deals are definitely there, but there are the downfalls.

Be sure to do your due diligence. Check with title for liens and taxes owed, check tax records and make sure you physically see the property before bidding on it, for all you know it could be burned down (yes this has happened before!).

A lot of the time these properties are occupied by tenants or owners who typically don't let you in to walk the property. Be prepared to have very minimal information on the property you are bidding on. If the property is occupied, be prepared to deal with angry tenants who will destroy the premises upon leaving.

Not sure what state you are in, but in California....tenants have more rights then owners and they can be costly to evict or negotiate a cash for keys (if they take it).

These days it seems I can find a property off of the MLS with the same spread that I can find at auction. The difference is, through the MLS I can gain access, see the floorplan, have an inspection period, etc. None of these options are available at auction.

If the appraisal hasn't been done yet, you aren't that far into the transaction (1 week in?). If you're sure you want to take the new loan route, call the listing agent to get as much insight as you can from the seller. They very well may be open to the idea, as long as they are 100% comfortable it will fund. And yes, you can use the same title company.

It's a shame it's gotten this far. I've dealt with some pretty ballsy squatters, but never this horrendous.

Forward your mail to the property. Watch the house until he leaves, get some movers to move all of his crap out, change the locks and....wah-lah! Look who's occupying now.

Possession is 9/10 of the law....right? That's how these thieves are taking advantage of the system...why can't we use it against them?

I have seen this done before, and it worked. Not exactly sure how legal it would be, but how legal is what the squatters are doing?

Make his life hell. Do whatever you can and ride the fine line of the law. Let him tear the house up....it will probably be less pricey than months & months of holding costs.

Good luck in your situation, and please keep us posted.

Why waste time? Time is money. List it! :)

Experienced and qualified Realtor specializing in locating AND selling residential investment properties with high ROI potential. I do this full time, currently my investors are full and I have some great investment potential deals waiting for investors who are looking to make least 15% ROI ARV per property. This service is free for investors, as my fees are paid by the seller. My sales stats are extraordinary and available for viewing.

Thanks!

:D

I currently do this for investors. Find a good 'investor friendly Realtor' who [/b]has experience[b]. He or she probably knows a good contractor accustomed to working on flips. The agent gets paid acquisition/listing commission and a fee for managing the project from A to Z.

I do something similar to this but not quite the same. I work with investors who put up 100% of the capital, as the realtor I get the commission on the buy side and the listing agent side. For out of area investors I oversee the project from a-z for a fee and have contractors and resources lined up to complete the rehab for great pricing.

I see people do this for a 50/50 profit split also!

I think it's a fair split especially if they are also investing capital.