All Forum Posts by: Sabrina Kane

Not sure about the laws in your area, but if this were the case here in TEXAS, 

I WOULD OWNER FINANCE THIS - 

Advertise NO CREDIT CHECK $10K Down - Move In Your Home

If the roof can make it as is, dont even fix it. let the new home owners fix it, as they are the new owners not tenants. If you rent it who knows the type of damage the tenants might contribute. 

Not sure of the area grade. 

But I would owner finance this. (if the law allows in your area) 

 P.S  Your Real Estate Journey Will Be The Same Way, A Bit Hard at First... 

Then You'll Be Able To Do Deals Without Over Thinking! When I got started I failed in some many areas the only thing I could do was find another deal to practice on. So If you failed on the first one, dont worry find another deal to practice on. 

Whatever you do, don't give up!

@Jessica A. Smiththis is tooo funny , i was the same way on my first deal, i wore a sweater even though it was hot lol because i was sweating underarm so bad lol 

2 words Deodorant and Contract

As for the repairs 99% of investors are going to come up with therir own numbers so you dont need to be exact 

If you know other houses are selling within 2 miles or less for that 100K+ then your looking good

Just remember you make money when you negotiate not when you sell to thr investor 

So negotiate her undies off lol

Good luck 

In box if you need help along the way 

The offer price is the contract price,which needs to include the back taxes. If they are behind 20k and you want the owner to get 5k . The contract price/offer is $25k When you open title the tax lien will show up as a bill due. The sellers 25$K will absorb the 20k back tax Leaving them with approx 5K

@David JonssonI can definitely understand your position. You have squatters and theives that look for opportunities on craigslist.

This is how i handle it with every vacant deal i post.

I mention "Investors call before you stop by , nosy nieghbors are watching the house for me and will get suspicious" 

This will usually deter those suspects

Thanks 

Sabrina Taylor

yes @David Jonssonthats okay. 

Be sure to list it using a google voice number and not your personal number. That way all the potential buyers are calling the google voice and you can build your buyers list. 

Use good pics

Good Luck 💵💵  

@Jay Hinrichs i will start disclaiming to any comments to check your local laws :) youre right his area maybe a no no thanks

On the other side ... 

Equity stripping is down right wrong! I know there are dirty hands that will do this. And has made it bad for us good guys to use the strategy Where eveyone wins!  #NoEquityStripping 

@Dave Jimenez i think you should partner with someone who has more experience in this area because its wayyyyy to many elements and factors that need to be looked into before you touch this deal. 

Even a hard money lender will want to know there money is in good hands with a little experience. Find a partner to mentor you.

@mark 

@Mark Allen depending on when the auction is you can grab the deal, however in this case (new info provided) online auction you're right no time for negotiations. Cash is king. 

I would first try to contact the home owners and get it even cheaper. I would acquire it subject to the existing mortgage that way you only have to come up with the amount its behind on payments ,some fees, and the cash for keys amount to the homeowners. I would go this route first before the auction. Thanks Sabrina Taylor

@Colin Clark Hello I was an active realtor back in 2004 until the crash in 2008. I am now on the investor side of the fence. Just my opinion ....

If you are looking for "just the education" do know that a real estate licensure course will not teach anything about how to become a skilled investor. No strategies and No Real World Experience can be taught in the class. 

If you want to learn just hang out in BP (bigger pockets and ask questions) then get a mentor that will take you by the hand and JUMP IN !

The investing world is totally different than the realtor world. 

My opinion is that alot of people over the past 25 years got their license because that was the traditional thing to do entering the real estate arena. Many realtors were affected by down markets and changes. Personally speaking I realized its much more profitable and flexible when you are on the investing non traditional side of the fence. 

Now with the internet and self serve website like zillow and etc, I'm trying to see how realtors will continue to survive in a world thats changing toward self serve to sell your house as well with so many entrepreneurial investors helping homeowners sell and buy.

I'm not here to debate about realtors but, I think the realtors may soon become like the old CD getting replaced by ipods and itunes.  

Thanks 

Sabrina Taylor