All Forum Posts by: Calixto Urdiales

Hey Jared-

I all most forgot one of those homes you were looking at was a HUD home right? Do you inquire about FHA loan programs?

If so and I can help you get all the info you need in order to get started and make it happen. There are also many grants avaliable through government funding that people do not use. Tell me what you have in mind and I think I can guide you to make it profitable to use these grants and loans!

Sounds good Tony but I would try and see if putting an amount that they would receive in order to try and get some leads. Like I am going to send out a flyer in my local area saying that I will pay $1,000 for any infromation on abandoned properties (if I purchase said properties).

LMAO-

Your too much Jared but I am not sure if it is listed on my profile but I am not 21 yet. I turn 21 next month in fact and I am headed to Las Vegas for some Big time party fun (with my girlfriend).

Originally posted by "mitchnfreed":

Most banks require that the property be listed on the market before they consider selling short. They want to see an honest effort to sell the home first...then if no offers received the price gets dropped and eventually gets to the point where it is in short sale.

This is not true nor is it the proper order that a property gets listed as a short-sale. Usually the owner will default on the loan itself and try to get back on their feet by selling said property to cover all cost and make a profit. Months will go by and eventually the bank will step in to offer the property on the MLS as a shot-sale, the bank is selling the property (sometimes with the owners help) as a loss and is not receiving all the money the originally lended.

Homeowners beware for the bank is allowed to file a defiency Judgement against the owner for unpaid balances left over that did not cover all cost through the sale of said property (interest, attorney fees, etc.)!

Hello there vik-

Your best bet is to look up title companies on the web that are local to you and take one of their title reps to lunch. During lunch tell them your plan in detail and why they should give you a title account. If you state your case clearly and effectively then obtaining that information should be fairly easy.

But make sure that you do deals or after so many months with no deals from you the title company will pull your account! Good Luck.

Originally posted by "Ryan_Webber":

I primarily use People Finders. They normally pull a good amount of info on people and their extended family.

I wouldn't really worry about title or lien issues until you actually get a bite. Obviously once you get a contract running a title search would be essential.

This is true to a certain extent but I wouldn't want to waste time investing a property that has tax liens. I once had a real good deal that turned up $629,000 of tax liens and that killed the deal instantly. Well I guess we all have are opinions on what should be first and what should be on the back burner.

Hello there TC-

Below is the information you need in order to register for grant(s) application(s), just follow the information given enjoy!

http://www.hud.gov/grants/index.cfm

HUD ANNOUNCES MORE THAN $18 MILLION TO HELP DEVELOP HOUSING FOR VERY LOW-INCOME ELDERLY
WASHINGTON - U.S. Housing and Urban Development's Secretary Alphonso Jackson today announced $18,440,932 in Section 202 Demonstration Planning Grant (DPG) funds will be awarded to 75 sponsors that provide supportive housing for elderly projects.

"This funding will help many organizations cope with the complexities of developing these important projects and allow them to help more elderly people in their communities," said Jackson.

These "predevelopment" funds will assist sponsors of these Section 202 Elderly Housing projects in 31 states. The grants will help them bring their projects from the award of a Section 202 grant to initial closing within the allotted 18 months.

The Section 202 DPG Program will provide upfront funds for such predevelopment activities as architectural and engineering work, site control, and other expenses related to the development of the projects prior to initial closing. Without the grant funding, such costs would not be reimbursable until closing or would have to come from other funding sources.

To be eligible for the grants, the activities must otherwise be eligible for funding under the Section 202 Supportive Housing for the Elderly Program. The maximum grant amount per single application is $400,000, however, no more than $800,000 could be awarded to a single sponsor or its affiliated organizations.

Subsequent to providing predevelopment grant funding to the selected applicants, the Department will assess the impact of the availability of such funding on the ability of sponsors to expedite the development processing of Section 202 projects.

State-by-State breakdown:

State Recipient
Amount

AL
VOA Southeast, Inc.
80,000

AL Total
80,000

AR
St. Bernard's Village, Inc.
105,650

AR
St. Bernard's Village, Inc.
117,750

AR Total
223,400

AZ
Catholic Community Services of Southern Arizona, Inc.
284,100

AZ Total
284,100

CA
Southern California Housing Development Corporation
397,000

CA
ESKATON Properties, Inc.
400,000

CA
Volunteers of America National Services
284,160

CA Total
1,081,160

CO
Longmont Housing Development Corporation
399,000

CO
Housing Sol for the SW
399,000

CO
Volunteers Of America National Services
146,816

CO Total
944,816

CT
Mercy Housing, Inc.
345,775

CT
Volunteers of America National Services
108,928

CT Total
454,703

DE
Martin Luther Foundation of Dover
196,606

DE Total

196,606

DC
Victory Housing, Inc.
400,000

DC Total

400,000

FL
Archdiocese of Miami
$400,000

FL
Miami Beach CDC
388,500

FL Total
788,500

GA
Valdosta Deliverance Evangelistic Center
161,500

GA
Providence Missionary Baptist Church
234,990

GA
Salem Baptist Church of Atlanta, Inc.
344,615

GA Total
741,105

IL
Ascension Development Corporation
308,070

IL
Catholic Charities Housing Development Corporation
400,000

IL
Accessible Space, Inc.
177,962

IL Total
886,032

IN
AHEPA National Housing Corporation
221,740

IN Total
221,740

KY
Christian Benevolent Outreach, Inc.
242,216

KY
KY Communities Economic Opportunity Council, Inc.
137,487

KY
Baptist Homes, Inc.
138,400

KY Total
518,103

LA
Diocese of Lafayette
70,007

LA
Calcasieu Council on Aging
69,830

LA
Terebonne Council on Aging, Inc.
280,895

LA
Macon Ridge Community Development Corporation
66,406

LA Total
487,138

MA
The Community Builders, Inc.
400,000

MA
Action for Boston Community Development, Inc.
400,000

MA
Montachusetts Home Care Corporation
284,200

MA Total
1,084,200

MD
Associated Catholic Charities
400,000

MD Total
400,000

MI
Presbyterian Villages of Michigan
369,523

MI
Lutheran Social Services of Michigan
228,291

MI Total
597,814

MN
Accessible Space
296,767

MN
Ebenezer Society
397,650

MN
Horizon health, Inc.
213,000

MN Total
907,417

MO
Community of Christ
374,880

MO
Cardinal Ritter Senior Services
298,578

MO Total
673,458

NC
St. Joseph's of the Pines
162,310

NC Total
162,310

NH
CAP Belknap-Merrimack Counties, Inc.
199,448

NH Total
199,448

NJ
Catholic Charities of Archdiocese of Newark
400,000

NJ Total
400,000

NM
Eastern Plains Housing Development Corporation
67,464

NM Total
67,464

NY
The Silvercrest Center for Nursing and Rehabilitation
396,000

NY
HANAC, Inc.
399,608

NY
United Odd Fellow & Rebekah Home
385,270

NY
Fordham Bedford Housing Corpoation
372,500

NY
Urban League of Rochester Economic Development Corporation
136,924

NY
Loretto Management Company
222,888

NY
ITC Corporation
171,300

NY
People, Inc.
191,900

NY
Maranatha Human Services, Inc.
129,001

NY Total
2,405,391

OH
Housing Service Alliance
122,087

OH
National Church Residences
400,000

OH
Franklin Foundation
177,920

OH
Adams-Brown Counties Economic Opportunities, Inc.
75,425

OH
Warren County Community Services, Inc.
349,410

OH
Lithuanian Center, Inc.
250,215

OH
Kappa Alpha Psi Fraternity House of Cleveland, Ohio, Inc.
316,222

OH Total
1,691,279

OK
Volunteers of America of Oklahoma, Inc.
156,600

OK
Little Dixie Community Action Agency, Inc.
67,250

OK
Choctaw Hope Development Corporation
74,750

OK
Choctaw Hope Development Corporation
74,750

OK Total
373,350

OR
St. Vincent de Paul Society of Lane County
400,000

OR Total
400,000

PA
Haven Peniel United Methodist Church
304,391

PA
Lutheran Service Society of Western PA
235,109

PA Total
539,500

TN
Douglas Cherokee Economic Authority, Inc.
78,700

TN
Douglas Cherokee Economic Authority, Inc.
70,100

TN Total
148,800

TX
NE Texas Disciples Homes, Inc.
195,190

TX
Christian Church Homes of Northern California
131,831

TX
Pilgrim Senior Citizens Housing Development Corporation
344,971

TX
Methodist Retirement Communities
360,941

TX Total
1,032,933

WI
Catholic Charities Bureau, Inc.
50,165

WI Total
50,165

GRAND TOTAL $18,440,932

Originally posted by "Ryan_Webber":

I love vacant and abandoned properties. Its one of the cheapest way to find deals. I do subscribe to a low level skip tracing service for $30 a month. I always try whitepages.com first, then the newspaper, obits, and anything else I can get my hands on.

Wonderful advice Ryan, what skip trace company do you use and how did you get a hold of them? Typically I use www.whitepages.com and if that doesn't work I go with 411 and try to see about residential listings (ofcourse this is after I have found out who the owner is).

The easiest way to do this is set yourself up with a title rep that can give you access to a title account to look up the info you need. Not sure how much money is out there for other states but I do know that being able to find out if the property has any tax liens and having a title account is a really good advantage.

Flyers are allways a good advantage but like Ryan said if you are not willing to spend the time to look yourself than it might not pay off. Oh and try sending flyers to mail handlers that have routes if they don't offer the information you want for free!

Okay since I got into the REI game and realized how much money there is out there I am constantly on the computer comparing deals. And ever since this happen and me passing the state where my matabolism works faster than I eat has gone :shock: , It has all been down hill from there (Or shall I say Fat Hill :lol: )!

I wanted to know what types of power workouts I should do in order to get physically fit and healthy? Mind you I want to be in shape not really bulky or buff, I would like the swimmer look.

1. Forearm
2. Backarm
3. Chest
4. Shoulders
5. Abs
6. Legs
7. Calves
8. Back
9. Wings

Thanks for the input if any! :superman: