All Forum Posts by: Shelby Washington

I heard he was one the best. He also puts on his site that he had a competition w/all of the big dawgs in Real Estate and he won by doing more deals than anyone else!!! Someone's had to have bought this system because I'm curious as well if it works or not???

It hurts to hear that you can get sellers on board, but not able to assign it to someone else. Have you tried letting people know in this forum if they're able to find you a buyer that you'd be willing to split the profits? Just an idea, because 100% of $0 =$0.

Well now you know for future reference, and if anything else it was at least a learning experience.

You might want to start out with:

City Properties Lien Searches and Inquiries — (954) 828-5155

AND/OR

Broward County Property Aprraiser Lori Parrish: (954) 357-6904, [email protected]

You tell them what you know. That you found out the City owns this piece of property and you want to find out if there's anyway you can acquire the property. You just ask them straight up. Because the property might have to go through an auction to be sold, not all city property can just be sold on the spot even it's ran down or currently not in use.

ctaie is right, one of the best places to go is a title company to get the N.O.D. (Notice of Default) List. You can get as detailed as you want with the the list from the title company.

For example you can say I want a list of Pre-Forecloures that will be foreclosing all within the next three weeks, 60% below LTV, all in Kansas City, AL etc... The only thing is the more detailed info you want the more expensive it is!!!! But it's definitely worth it and their info is pretty accurate and up to date for the most part...

I don't know if you had to pay for this service, but either way you shouldn't have to tell them anything you don't want to. It's none of their business if you're purchasing the properties yourself.

When you have them (Seller) sign the PSA (Purchase and Sale Agreement) you're controlling that property w/the piece of paper and you're purchasing the property that way. Then you're selling your interest in the property by assigning it over to the new buyer you find.

I know someone has had to have heard of this company or bought their product. I'm in the same situation as Chis because I receive their e-mails as well. If they're reputable you wouldn't have to worry about building a buyer's list. Can some one please respond A.S.A.P.???

First things first you need to go to the Forum under Real Estate Basics then go to Goal, Business Plans, and Entities. That's where you can discuss how to start your business. But you need to figure out how you want to approach it. You can be a Foreclosure Prevention Company by simply doing wholesales only on Pre-Foreclosures, or you can work on Short Sales to prevent foreclosures.

You can also start by checking out http://www.nafpp.org (National Association of Foreclosure Prevention Professionals)....

If you're doing your due diligence you would have a title report done. It will say on the title report all the liens on the property which would include Federal liens for instance IRS and you would know up front how much it is. If the amount is too much then you wouldn't bid on it at the auction whether it is a Tax Lien or a Tax Deed.

Yes, for the most part it's true Florida is definitely one of the worst hit states by foreclosures. One in every 186 Florida properties received a foreclosure filing, the nation's third highest state foreclosure rate. But of course you know what that means, you're only going to get a really good deal on what ever property you buy in Florida for the family. I've also noticed quite a few people not being able to get rid of wholesale deals that are in the 50-60% ARV area, but I think that's due to them not being able to market their property correctly. If you move to Florida you can definitely make a killing wholesaling if you have good enough marketing. We're talking about hundred's of thousands of people that are waiting for you to help them!!! HAVE AT IT!