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All Forum Posts by: Andre Lindsey

Andre Lindsey has started 4 posts and replied 10 times.

Hi, Im sort of new to real estate investing and have been a member of the site for 3 years. I'm looking for a mentor or real estate investing groups in the Chicagoland area. I currently reading about lease options and fix & flips. I have bought a lot of ebooks  about these subjects. I currently did a direct mail campaign to absentee owners and expired listings. I haven't gotten any deals as of yet. If you guys have any information about real estate investing groups or mentors in the Chicagoland area please leave a reply. Thanks for reading.

Post: Buying Pre-Foreclosures with subject to

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0
Originally posted by @Josh Auxier:

It can be done, however be sure to research any laws your state has intended to protect "distressed homeowners" they can present significantly liability for investors. Also be aware of "due on sale" clauses with the sellers underlying mortgage and be prepared to take out that lien in the event such a clause is invoked.

 Will hard money lenders fund a deal like i mentioned above? Or do all hard money lenders required to be 1st lein holder on all properties?

Post: Buying Pre-Foreclosures with subject to

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

Hi, guys I'm a new investor. I had questions about buying pre foreclosures subject to. The method i will like to use is pay sellers back payments, repair property, give seller money to move with and take over mortgage payments. Can i get hard money to cover the back payments, repairs, sellers moving money and take over mortgage payments. I plan to sell the property once repaired to pay back all debt owed. Will peer to peer lending be a better option for this type of deal. Thanks for reading. 

Post: How to help a home owner in pre-foreclosure? (Wholesaler)

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0
Originally posted by @Eric M.:

These might also be opportunities for "subject-to" deals, where you find an investor willing to bring the mortgage current, pay a certain amount of equity, and take title to the property but make the mortgage payments with the home owner's name still on mortgage. There are a variety of issues with this route, namely, "due on sale" clauses, and you'd probably have to just arrange for a fee from the buyer for your time, but this is certainly another option,

 How do you get the financing for a subject to deal on a pre foreclosure deal? Are hard money lenders a good option?

Post: Good Title & Escrow Company in Chicago

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

Do you know a good attorney ?

Post: Closing On Virtual Wholesaling Deals

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

I try to avoid REO properties and target the absentee owners.

Post: Closing On Virtual Wholesaling Deals

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

@Justin McClelland Wouldn't it be easier if I did an assignment deal to avoid a double close ?

Post: Good Title & Escrow Company in Chicago

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

Does anyone know a good title & escrow company in Chicago that's investor friendly. I called and emailed a few but no reply.

Post: Closing On Virtual Wholesaling Deals

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

Since I'm located in Chicago I'll probably get a few deals under my belt then start virtually wholesaling. But thanks for the info. I've learned more off youtube and this site than the course i purchased.

Post: Closing On Virtual Wholesaling Deals

Andre LindseyPosted
  • Chicago, IL
  • Posts 10
  • Votes 0

I recently just purchased a course on virtual wholesaling and it doesn't cover how to close a deal without seeing the seller and the buyer.