All Forum Posts by: Samantha M.

Title Seasoning and Deed Restrictions, at least as investing are concerned seem similar to me, I would appreciate some clarification.

Deed Restriction- Unable to convey the property for X amount of time E.g. Bank of America Deed Restrictions are 60 days im fairly certain

Title Seasoning- requires the investor to keep the title/property for X amount of time

I realize sometimes with Deed Restrictions, they are put in place by the subdivision developers. It doesn't always have to do with REOs.

For investment purposes it seems the two are similar, thanks for stopping by.

Bobby Gerry Thank you for the insightful response Bobby, that must have took a great deal of effort and I really appreciate your response.

Just one additional question. If the exit strategy for a property with the hard money loan is for a retail flip, how is profit for the investor calculated? Is it simply the difference between the hard money loan and its interest and whatever the house sells for?

For instance hard money loan + interest is $85k, house sells for $120k, investor nets $35k profit, in simple terms.

The other important point here is if the investor is doing a retail flip, and they are unable to find a buyer. They will be stuck in the hard money loan.

Would wholesaling part time be an option, by saving the assignment fees?

I know hard money lenders often loan on rental properties, and the difference between the loan/other expenses and the rent is the cash flow.

But do hard money lenders ever loan for a retail flip? That is they loan on the house, you rehab, and sell it back? Not sure how that would work out with the loan and having to refinance out etc.

Thanks for clarification?

Mike Nelson If you decided to do the leg work yourself, do you think it would be hard to show houses to investors after work hours, 5pm+ ?

Timothy Rogers Thanks for the tips. As far as establishing boundaries for your investors before showing the property. How do you do this politely, and what sort of things do you bring up?

Thanks

Timothy Rogers But before they sign an offer and put down non-refundable earnest money they are going to want to take a look at the house, and the owner will likely be there. Thus going back to the OP's original problem.

The investor goes to check out the house to see if he likes it, see's the home owner. They talk it up. Decides not to sign your contract and lets your option expire. He has now cut you out of the deal.

When you are wholesaling and are working full time, how do you make time to show houses to investors? The houses are usually time sensitive and on options. If you work from 9am to 6pm, there isnt much time left in the day during the week to let an investor take a look at the house.

If the property under option was an REO I suppose you could give away the key code, but I am pretty sure there are liability issues.

It would for me so I would greatly appreciate any tips.

To find potential sellers, targeting high equity properties. Would like to get a general idea of the neighborhood ages, and then I will drive them myself.

Are there any sites such as redfin/trillow/zulia etc. that lets you search for a subdivision and find out information about it such as average house year built?

I have been looking around and so far have been unable to find this. Just need a ball park estimate. The CAD county websites unfortunately do not list average year built by subdivision, just individual houses

I have a friend who has access to the MLS as well, but im not certain you can find average house year built there either.

Thanks