All Forum Posts by: Account Closed

trespassing...

also could be bait and switch laws if you convert that lead to something else...

should be fraud too.

why not just locate their phone # and call. Or track them down (or someone in their family) on facebook or something easy.

What do you base your opinion on? At what price would you make a purchase? I'll take a swing at this for you....nothing and never.

Fairly confident that most really high REO areas are getting to the point of stable (AZ/NV/FL/GA etc). When rental prices are at 850+ and purchase prices are 40k and under, how much lower do you really need them to be.

I've never feared a plane overhead.
I've never feared a big ship coming towards me at sea.
I've never feared armed soldiers walking down the street.
I've never known real fear.

For that I thank our military.

Imagine all the fraud that would come out of that open vein.

I still believe banks should let everything go at the sheriff's sale. No property preservation, no realtor fees, no holding costs no further liability. Just cash for an asset.

I'd just call up a few realtors in the areas you want to invest and give them the amount of capital you want to spend per asset (or maybe total) and tell them what you want to yield from it.

Obviously whatever they bring you has to be checked out, but i wouldn't bother till you learn if your expectations are realistic or not.

Anyone have a long enough attention span to actually read that?....

Stop counting pennies and try to learn from the people who are in this trade. From the sounds of things you aren't ready yet to do this alone. That said, find a buyer's agent who rebates part of their commission, or gives you a credit when you turn around and sell it. Getting it out of the listing agent is never easy.

Matt, find someone in your area on this board....PM them with an offer to pay them like 500 or something at closing to walk you through the deal.

It sounds like you need to buy them lunch and hand hold you through this deal as you are bound to make some mistakes that could cost you far more. This isn't meant to be insulting, it's just dangerous to fumble through these types of transactions, even more so if your end buyer is at all savvy.

To answer your recent question...you need 2 standard real estate contracts. One to buy...one to sell. After the deal is closed all information is public record and the person you are selling to is going to learn what you paid. If they care to look.

Yes, any deal that you aren't willing to pay title costs on aren't worth doing. If he won't agree to you paying the title costs, walk...actually run.

while title searches are useful and give you an idea of whats going on, they mean nothing without title insurance.

If you still want to do the deal on a quit claim i'll be happy to sell you the same property for half the cost.

Have a local realtor do a BPO, should cost you like 50-100 dollars but it will give you a good understanding on what its worth. Have them also give you a expected rental value. I'd do this before i booked any plane.

That said, in florida it's fairly common to find something under 25k that rents for over 500/month.

Some of the stuff in eatonville is rather ucky.