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All Forum Posts by: Jean Norton

Jean Norton has started 83 posts and replied 384 times.

Post: Finding out Federal Court status on Fannie Mae Property

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

You can get an account at Pacer.gov. Search for the previous owner's name in the district of the property. They charge 10 cents per page. Good luck!

Post: It's Hard Money or Conventional Financing-How Can We Meet in the Middle?

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

"Where's the Medium Money Lender?" - New blog post.

http://www.jeannorton.com/hard-money-conventional-financing-can-meet-middle/

Post: Can a Land Trust get a HELOC?

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

I have received hard money loans on a Land Trust, but I haven't heard of any conventional financing working that way. Are there other beneficiaries in the land trust? Are any of them a corporation or an LLC? If so, and the business is over 2 years old, you may be able to apply for a business line of credit or other business loan. If you want to use that property as security, you will most likely have to change the deed.

Post: Advice on my first subject 2 deal

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

Best to put it in the name of a Trust. You can even call it "the *sellers name* family trust". Then he can transfer the beneficial interest of the trust to you. You will want to find a title company or attorney that can help you do this.

Post: Tax Deed Properties in Jacksonville Fl

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

Hi, I bought a condo in Daytona Beach. Here are the surprises: you need to "quiet the title", which means hire an attorney so you can sell it to someone else. If you want to keep the property for yourself, then no need to go through that action.

Second, most of the HOA's will try to bully you to pay the previous owners arrears. If you end up in that situation I can send you the name of the attorney I used that got me out of that.

Post: PropStream software

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

Pretty much useless.

Post: Accurint vs FindTheSeller

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

There are a few others that are cheaper - beenverified and publicdata scan public information from various sources.

Post: Bidding on real estate

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

Yes, I get a lot of properties from auction.com - Basically they will take the highest bid to the seller to see if the bid is acceptable. Sometimes they will accept that highest offer and sometimes they don't. I say don't be afraid, if the numbers work for you, go for it.

Post: Real Estate club

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

Best place to look for real estate investing networking meetings is on meetup.com.

Post: Condos a good idea?

Jean NortonPosted
  • Flipper/Rehabber
  • Austin, TX
  • Posts 405
  • Votes 168

There are a few thoughts about condos, many of which scare away investors. However, with less investor competition, I've personally done OK. Answer: beware of extra rules with the HOA.