All Forum Posts by: Marc Cesar

hey Tom. I've attempted this before and I provided POF letter from a lender and as far as the EMD is concerned I only sent a copy of the a check until my 14 day inspection occurred and everything was up to par during inspection. Unfortunately inspection failed so I didn't loose any funds. If I did actually send a check I presume I would of been out of that EMD. But I understand what you're saying though.

Hey Mike nothing as of yet unfortunately. 

hey BP. I'm looking to add a new funnel to my lead source by Wholesaling REOS. I know the banks frown on that but I've been seeing that there are ways around that. One way I've heard was by buying the REO in an entity, and passing the entity off the the buyer and closing. Another way I heard is by putting offer in your name in the care of the llc. Wanted to know the input of those who are actually flipping REOs, how they structure the contract, clauses uses, etc to not alert the bank that you're Wholesaling the property.

All insight will be valued especially from those actually doing this daily. Thanks!!!

Hey Guys I'm looking for people who buys in the DC area. Currently have a hot deal I'm looking to move and it has great potential especially in the area it's in. If your a serious buyer in the DC area please private message me for details. This is a time sensitive deal 

Thanks 

hey tyisha, passed on the deal. 

Hey guys i know this may not be the norm on this platform but as they say you'll never know until you TRY.

Currently looking to connect with cash buyers, rehabbers who buy in the Philadelphia, PA area. Currently have a few good leads that im looking to unload. Feel free to PM me for more info. 

Also looking to network with you guys to get some knowledge of the areas and buying in Philly.

what exactly is 30yrs amortized balloned at 24mths? Im fairly new to these terms. Id greatly appreciate the insight

hey Robert is asking price is 35k but will settle for 30k. His intentions are to fix and sell but being that im the 1st to contact him about buying hes willing to sell as-is. But if he cant get his asking price then he'll fix it up and rent it out.

Hey guys, I'm a present wholesaler who's looking to think creatively when it comes to real estate acquisition. I make tons of cash offers that tend to get rejected yet i feel that if i approach them differently aside from the normal low ball offer i may get more deals rather than let them burn out.

I presently have a deal in North Philly. The seller is asking 35k for the property but will settler for 30k. He valued it at 65k based on the area. The seller is a contractor who put some work into the house already but didnt finish. All it needs to be rent ready is closed walls, plumbing in the kitchen and bath, windows, doors and flooring.

My initial offer was 20k ALL CASH (which was countered for 30k flat) based on the activity in the area which wasnt much for the last 12mths.

Seller wants to sell but doesnt want a low ball offer due to initial investment he made with the repairs.

I'm not well versed on seller financing but i have a 3 option letter of intent to purchase to present with the following offers:

1) 20k all cash 

2) 5% down, Seller to finance the balance at 6% interest only payments for 10 years (term) with full balance payable at the end of term

3) 5% down, Balance to be paid in 250 equal monthly payments.

My question here is how does the seller financing work and what are the pros and cons??

Im an advocate that all leads get an offer (whether motivated or not). How can I approach this deal and make it a win-win??

thanks

i know im sort of late but thanks guys, i am def doing my HW as we speak..