All Forum Posts by: Ryan Mertz

I hear there is no such thing as a dumb question ....

Im not trying to accomplish anything but gain knowledge.

Basically wanted to know what would happen if you bought a tax lien certificate and the owners decided to file hardship with county or lender (or both) and short sell the property?

If some one were to pay the back taxes on a house that is listed as a short sale what could possibly occur?

I found a house that is listed as a short sale. Did some due dilligence and the home owner owes 2009 taxes.

What if I were to pay the back taxes? What would happen or could happen?

Same thing is happening in Michigan.
I like the FRUITCAKE comment lol
funny stuff

Ali, Your very smart with your response. I like your style.
I will add you as a colleague and we will network and share strategies.
You can e-mail me at the email below.
I would like to look at your IPQ sheet.
I like the philosophy of if your not embarrased by the offer its to high.
Ill remember that in all my future buy and sells.
I just moved from buying and selling cars, to buying and selling real estate.
Only time will allow me to sharpen my skills!

Thank you guys,
I can say no. Ive said no to every person who called me so far because they ask for me to buy there home at full market value.
But I do get where your coming from.
I talked with enough of you guys to realize you dont buy every house. Just wondering how you would go about negotiating without offending people.
I am going to go to borders tomorow any good negotiating books?

$10,000 - $20,000

I remodeled my entire house (1400sq ft) roof,kitchen,full bath and half bath.,finished basement,and a whole lot of dry wall work and paint.( had an older house where they used nails to hang the dry wall. Ended up replacing alot of moulding,all new closet doors,bedroom doors and new carpet and tile in every room and new molding ( did this in 2004).
For $15,000

Did all the work myself except for the roof tear off which I paid $500 to a buddy to have the roof tore off and my kitchen and bath gutted.

Go to the Home Improvement Store and start making a list of what the prices are now a days.
I suggest going up and down the isles and writing anything down. If you have remodeling experience you should be able to make the list pretty quick. If not you will have a nice time thinking!
Always fun stuff

That maybe true. Some people dont think crack is bad either though lol

I have been reading alot about mortgage fraud and I have to wonder why a bank would just believe whatever you put on your application? How is it that these criminal real estate rings can actually be able to go through every loop whole in the business and basically rob banks with pens and paper and false documents.
Im not even a bank but if you came to borrow money off me I would question you more than a investigation of a murder.
And thats just if you ask me to borrow you gas money lol !
How come banks cant run peoples SS# ,call there places of employmeny, ask for bank statements and transactions , and basically all the easy stuff that you have to do to find out if someone is telling the truth or not.
Next we are going to find out doctors aint even doctors and they are just people who can find loop holes into becoming legal drug dealers. LORD SAVE US...
Hopefully it wont be surgeons !

Need Cash Fast?

We purchase all properties using cash. We can close in as little in 7 days so you can move on without the stress or hassle of a long process. We will submit offers within 24 hours of viewing the property.

Can you explain how you make this possible.
If you want you can send your response in a message or email me. If you leave it in a thread I will check back ASAP!

Thanks a million

You made it happen and thats what counts.
Not even the best baseball players bat 100%.
From what Ive been reading you have to be a team player in the real estate game to make big dough.
Either that or just be rich with money to invest.

You could of shot for a bigger cash flow but aslong as the property is located in a area that would be consider a good street you got a good selling point for up and coming home owners who may have grew up in that neighborhood and know that the street is good.
Here in Detroit there are burnt out streets. Basically streets that have had alot of drug operation going on and it basically leaves a street of hell behind.
Every year it gets worse because the dealers seek out these streets to continue there destruction of the city as they feed there need for greed.
I am sure this is the same in every major city.
DRUGS and the hell it leaves behind.

Also in the future you could talk to prospecting tenants and ask for a specific amount up front . Such as $2500 which will pay for your taxes,insurance,property management and last months rent. You could tell them that if they pay every month on time that in december you will give them a free month.
You want tenants who like you and that treat there rental as there own home not as a half way house.
Ive known tenants rent the same house for over 5 years easy just because they are comfortable.

Worst case you have to dump the house and take some losses on your credit. Atleast your cash isnt tied up