All Forum Posts by: Ray Mulli

So how does one get paid in a real estate transaction if they are not party to the transaction but played a significant role in the successful conclusion of said transaction and they aren't a real estate agent.

All comments welcomed and thanks in advance BPer's. 

http://bit.ly/1F9dX5m

I duplex id fully rented and the other is not. They are both on W broadway Ave , MPLS.

Can make 3-1 in each unit.

Attic can be finished to make 5 beds in 2 units.

$80K for each.

@Steve Vaughan and @ Josh Caldwell, just a quick update on this property since your invaluable input. The seller has hired  a lawyer to evict the tenant and promised to keep me posted.

I of course don't take that promise seriously and plan on following up regularly.  

@Moshe Eisenberg

Way to go!

@Steve Vaughan,

Thanks for the input.

So one of my leads in facing foreclosure and wants out.  Here are the facts; he owes $10K past due and mortgage pay off is $140K. Comps in area are running at $189K.

He will walk away for $12K, meaning he will have only $2k in his pocket.

Other than doing doing an owner finance, what are my other options? I'd love to wholesale the deal if I could find the right rehabber.

Input anyone? Bueller?  Bueller?

Thanks min advance.

4  bedroom, 2 bath $1,480 Sq Ft, 2 floors house in the payne phalen neighbourhood.

This is for the buy and hold investor and will begin cash flowing right after closing. $1200/month.

Asking, $110K.

**.5 Acre parcel in Lino Lakes MN, residentially zoned.

**Asking $94K.

 Welcome to BP.

You will want to use the learning resources here on BP.Spend sometime listening to the podcasts. Questions like do you need money to buy RE like you asked,are answered.

@ John Mirles you probably want to start at the county property website to check if they have past due property taxes and if its a huge amount then call and verify if a lien is in place.