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All Forum Posts by: Chavis Atkins

Chavis Atkins has started 15 posts and replied 64 times.

Post: About or how to wholesale 3BR/1BT house

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Braden is 100% correct, I was in the beginning way too concerned about finding buyers... the buyers will come. A good friend I worked with said that if you have a great deal, buyers will come to you. You need to find a home that will be good for your buyers to want to pick up. Know the ends an outs of the property you find and want to wholesale, the better the deal, the more buyers that will come.

Post: Wholesale

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12
Originally posted by @Julio Soto:

Hey BP Members,

I'm looking to get my 1st wholesale deal done. I'm also shopping around for a RE attorney but most I've talked to don't know about wholesaling. Is their anyone on here from the South Jersey area that knows a Attorney who's experienced with wholesale deals?

Thanks,
Julio

 Julio, how are you planning to get you first wholesale deal? What is it you needing a Real Estate Attorney for? I'm curious because I was at one point like you... maybe even worse than you. I know how you can get your first wholesale deal but the biggest question is, how much time you have to dedicate to this world of real estate?

Post: Direct Mail

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Who are you targeting for your direct mail btw? I have found from me and a partner I work with on BiggerPockets that mailing to absentee owners... if the home is rented, they are more than likely going to want top dollar for the home. Only response we had that we made money on direct mailing was to delinquent taxes folks but getting a list for that varies on who you know in the county office and if they even have a list. 

Post: Magnetic Banner on Van?

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

If you go the money to do so, I believe it is a excellent idea to try for a month or two and see what generates from them. To start off, I personally would probably advertise 200 bucks to 5 people with vans to stick the magnetic poster to their van. I believe this is a brilliant idea in fact and plan on using this myself in the near future for a test ride.

Post: Cold Calling Craigslist Rental Listings

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

I had a friend that was doing this and he came up so many times with what he though was a deal and the number made no sense for the price the person who wasn't thinking of selling, would sell for. More and more I see that absentee owners whether there is someone they renting to or looking for someone to rent their home will always want top dollar no matter how bad of condition their home is... they don't realize you are investor even though you told them this and will throw a high number to either get you to leave them alone or they truly believe they sitting on a gold mine of a property when it is NOT ONE!

Post: Release of Mortgage, what does this mean for homeowner and investor

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Ok, so here we go. I have been running into for the past year homes I find vacant/abandoned, know home is a good rehab project, find out who the owner is (assessors site) plus viewed treasurer site to see who is "paying" the taxes currently and after all that work to the point I actually find this owner, the owner tells me he/she "let the home go into default" or in other words, just walked away from the home with a outstanding balance owed to the lender.

Well, I have come across a home in Merrillville, IN that is a 3 bed 1.5 bath and is in a nice area of Merrillville but in need of real work; be a good wholesale if owned free and clear... took all the steps I know of and found the owner. He tells me that he didn't know his name was still tied to the home in anyway as he walked away from the home 7 years ago... I'M ANNOYED! There is more to all this but in the end the owner says he is willing to cooperate and get me the home for my purposes, whatever that may be.

To the point, I started to do some digging and found out that Lake County Indiana now has a website for folks to use to look up anything in the Recorders office (old way is you either call or go down to the county building). I look up this mans home and it comes up with a list of things that has happened since he bought the home from his grandmother. The main things that caught my eye that was recorded

  1. 08-22-2006 there was a "MORTGAGE" from SUREPOINT LENDING ABN FIRST RESIDENTIAL MORTGAGE NETWORK INC for 106,250.
  2. 09-01-2006 there is a "RELEASE OF MORTGAGE" from WASHINGTON MUTUAL BANK for 94k.

There are more things recorded before that but those were the most recent concerning mortgages and you can see everything recorded here

http://www.lcrecorder.com/records/search/result_do...

Any additional info needed, I'll let it be known and I don't need people telling me I shouldn't give information out like what you will find in the link because I trust that by the time someone would try going behind my back to steal this property from me, I will have made something happen by then.

But my question is "What does it mean for me and the owner that a lender has recorded a Release of Mortgage" going forward as I have looked up more homes that I figured to be a lost cause and am seeing this Release of Mortgage recorded?

Post: Release of Mortgage, what does this mean for homeowner and investor

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Ok, so here we go. I have been running into for the past year homes I find vacant/abandoned, know home is a good rehab project, find out who the owner is (assessors site) plus viewed treasurer site to see who is "paying" the taxes currently and after all that work to the point I actually find this owner is, the owner tells me he/she "let the home go into default" or just walked away from the home with a outstanding balance owed to the lender. 

Well, I have come across a home in Merrillville, IN that the is a 3 bed 1.5 bath and is in a nice area of Merrillville but in need of real work; be a good wholesale if owned free and clear... took all the steps I know of and found the owner now living in Florida. He tells me that he didn't know his home was still tied to the home in anyway as he walked away from the home 7 years ago... I'M ANNOYED! There is more to all this but in the end the owner says he is willing to cooperate and get me the home for my purposes, whatever that may be.

To the point, I started to do some digging and found out that Lake County Indiana now has a website for folks to use to look up anything in the Recorders office (old way is you either call or go down to the county building). I look up this mans home and it comes up with a list of things that has happened since he bought the home from his grandmother. The main things that caught my eye that was recorded

  1. 08-22-2006 though there was a "MORTGAGE" from SUREPOINT LENDING ABN FIRST RESIDENTIAL MORTGAGE NETWORK INC for 106,250.
  2. 09-01-2006 there is a "RELEASE OF MORTGAGE" from WASHINGTON MUTUAL BANK for 94k. 

There are more things recorded before that but those were the most recent concerning mortgages and you can see everything recorded here 

http://www.lcrecorder.com/records/search/result_do... 

Any additional info needed, I'll let it be known and I don't need people telling me I shouldn't give information out like what you will find in the link because I trust that by the time someone would try going behind my back to steal this property from me, I will have made something happen by then. 

But my question is "What does it mean for me and the owner that a lender has recorded a Release of Mortgage" going forward as I have looked up more homes that I figured to be a lost cause and am seeing this Release of Mortgage recorded?

Post: 10 home package in Gary, Indiana

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Yeah there were inconsistencies. But surprisingly enough this thread has brought to life a few people who are interested in buying in Gary, IN and want to know more about them homes I had. Question I'll have soon is for the woman behind the homes, is she still looking to sell the homes.

Post: Help with steps needed to wholesale home before Sheriff Sale

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Thanks for the help bp members! I will take all the advice into consideration.

Post: Yellow letters

Chavis AtkinsPosted
  • Investor
  • Merrillville, IN
  • Posts 76
  • Votes 12

Are you using yellow letter to reach any ole absentee owner? I have done this and find the success to be relatively low as people that get these letters that do respond tend to expect you to pay a price that is close to market value. Only motivated people I find that will sell there home with a enough room for you to gain a profit are those behind on taxes, pre-foreclosures and vacant/abandoned homes as there is a specific need for you and route to go forward.

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