All Forum Posts by: Paul Bush

I hear there's a recent case in Federal Court where an investor was found NOT GUILTY of violating anti spam laws because his text was asking to BUY a property, which isn't sales (which is what marketing is).  Anybody familiar with this case... and/or know the details of where more info on it can be found?

Thanks @Braden Smith!  

Thanks @Braden Smith

...ahhh, yes, but after first wearing myself out doing exactly that for about 5 years, I've now burned through multiple assistants doing things like going to the courthouse for probate, squeezing all the juice out of the mls and public records, etc.  I'm hoping there are services that might charge a premium, but deliver comparable results... 

How about alltheleads or successordata or usleadslist for probate?  Is the only best solution that I have to go (or pay somebody to go) to the courthouse?  Aren't any of the online services even close?

How about reww or agentpro247 for tax delinquent?

How about any other things that you can't get from some of the weaker data providers like accurate vacancy, divorce

Aren't there any paid services who will deliver the best to me?  

I really appreciate your input.

If I'm willing to pay for the best leads, what services should I use? 

Probate, Inheritance, Tax Default, Code Violators, Foreclosure, Equity, Divorce, Vacancy, etc?

I'll bet there are different services that are best for most of these... which are the best?  

Thanks,

Paul

Well, I'll give you a rave review.  Three years ago, I signed up for his system and started diligently applying the teachings.  Within 45 days, I had secured my first check for $36,500 on a wholesale deal without having to risk a penny other than a few hundred dollars for my marketing costs.  Since then, I've flipped more than 30 houses (wholesaling some and actually buying and improving others before flipping) and am now well into the six figures per year in net income.  Sean Terry is the real deal, is honestly committed to his students and is continually teaching more and more.  He'll teach you everything you need to know to successfully do this business and give you the support that you need, BUT you have to work to make it a success.  I'm doing it full time and I'll tell you that while it's simple, there's definitely a lot of work to do.

Hello,

I've successfully done my first few "Sub2" and "Contract for Sale" deals, but I've been wondering about the true ramifications for the sellers. Assuming they're not going to become renters forever, I'd imagine that these sellers would have a much harder time getting another loan on a house they might want to buy in a few years. I'm flipping "Contract for Sale" deals. For my portfolio, I'm only doing Sub2 deals and I'm not giving the sellers any promises about refinancing in a few years, so I'm essentially intending on keeping their loans in place for a long time. At the end of the day, I want to do nothing that's unethical and nothing that's harmful to the sellers. Please let me know what you think about the negative implications of these type of deals for the sellers.

Thanks!

I'd really appreciate it!

Thanks,

Paul

Thank you all very much and thank you, especiall,y Jon Holdman. I do not want to to tell anyone anything wrong.

John Holdman - could you please give me a suggestion about what I should say to the potential buyer about sub 2 risks? Do I only need them to sign something that simply says the lender (Wells Fargo) could call the loan?

Should I call Wells Fargo to discuss what could trigger them calling the loan as was suggested above?

Thank you

Hello! I have a sub 2 deal under contract at $181K and a retail buyer who wants to pay $220K to buy the deal from me, meaning he's going to pay me $39K cash to get the deal.

The problem is that he's nervous about the outside chance that the lender might enforce the "due on sale" clause after he puts so much cash into the deal... can anybody suggest how I might get him over this hurdle? I've already explained to him that banks simply don't enforce the clause on a loan that's being paid. Thanks for any advice!