All Forum Posts by: Roland Paicely

Ha ha ha, you are so right.  Some of the answers are condescending and sarcastic.  Sorry about the laugh.  It just struck me as funny when I read that.

While I'm not an expert on Trustee Sales in Texas.  My guess is that there are deals there by reaching out to the owner.  The challenge that I'd expect is that the owner has probably been inundated with legal notices and mail from investor/buyers that sometimes they simply ignore everyone.  It may not make sense.  Since an investor is hoping to help the owner.  The entire process can be so overwhelming that they bury their head and hope the problem goes away.  Which it does when they are kicked out of the house.  Hard but true.  

Another thing to keep in mind is that if there is a Trustee Sale scheduled.  You may be up against a time crunch.  I'm not trying to discourage you.  However, these are life happenings.

As I said at the beginning.  There probably are some deals there............Good luck!

Read everything that you can on BP. Go to your local REIA. If possible, team up with a seasoned investor..............Good Luck!

@Connor S.  Usually, with a subject to deal you can offer a higher amount than with a typical wholesale transaction.  I'd recommend initially proposing the 70% etc.  However, since this is a high dollar property you should be very clear with the owner that you are not the buyer.  After you hit him with that number you'll have a better idea of how much he wants.  Either he will accept it and you start the wholesaling process.  If he rejects it, then you tell him that you tell him that you may have a way to make this work if he is flexible on the terms.............PM me.

There are a number ow ways. Go to your local REIA and ask investors there. Or print some from the internet and have your attorney review them.

Subject to is a different ballgame.  Yes, the price is important.  However, you do have more flexibility in price with a subject to deal.  Since the owner isn't giving you a price.  Give him one.  Make sure that it works for you.  Don't be intimidated by the number or the seller.  This way, you'll discover what his number is.

The only thing you need starting out is to find good deals, good luck!

In North Carolina, yes.  I don't know about Washington.  Although, I'd suspect as much.

How much does the seller want for it?

Subject to is possible.  Same thing with owner financing.  Yes, you will need different contracts.  You should be able to get them from a local investor or a real estate attorney.  If the price is $1,109,100 in California then no it wouldn't be difficult.  If the price is $1,109,100 in Raleigh that would be a different ballgame.  

If you have a realtor friend they will do it for you.  If not then maybe leave it up to the investor/buyer to determine the value that it's worth to them.  

Your assignment fee is pretty much whatever makes sense with the deal.  Although, I'd 'guess' that many fees are between $2,000-$10,000

Usually, an owner signs with one wholesaler.  Similar to the way an agent works.