All Forum Posts by: Samuel Ksiazkieicz

Hey, I posted this in the innovative strategies forum but didnt get any bites. I tried to get it moved here but no luck, so, sorry for double posting.

One benefit that we talk about when selling a seller on the idea of selling Sub2 (wow that was a lot of the word "sell"), is that our bringing their loan current and subsequently making timely payments for years to come will raise their credit score. Does anyone know how long this will actually take? Or the actual benefits they will see from our bringing their account current and paying on time?
Are there any credit specialists out there who can give us a rough idea of how much impact say a year of on time payments would have on a persons credit score after they have been negligent?

Thanks

Actually would you please move this to the "credit & credit repair" section, maybe it will fit better there.
Thanks

Anyone? Any thoughts?

Joshua Dorkin sorry, sometimes the nice parts of the site like the @mentions dont load lol, its seriously like I have fast dial up here. But hey, I have internet so I cant complain. I do really like that you added the @mentions though. Pming you

Hows it going Cameron. Welcome. Congrats on moving to SanDiego, one of the most awesome places in the country to live! I have lived a lot of places, but SD is definitely special. I am currently deployed until next spring. There are several really good REI clubs in the area, in north and south county. Check them out on the Bigger Pockets resources page. There are a good amount of SoCal/Cali investors on this site. Take a week or two to read n study up on here, Josh Dorkin has created an incredible resource for us!

Josh, would you please let me know how to download the files independently? I have been downloading the zip file for 8 minutes and it says I only have 22hours 29 minutes left!!
ha thanks

haha I promise you I havent been reading any gurus Jon lol and no pablum for me, only big boy food.
Thanks man, I appreciate the support

Jon, there seems to be some sort of communication block haha, never mind on this topic, apparently I'm not making myself understood. I get what wholesaling is, I have done it; in my mind putting a house under option and or contract and then selling to a retail buyer using a back to back, a simultaneous (yes I know these are nearly impossible now, just using as example), or a lease option to close would be different then wholesaling. However i bow to your greater knowledge and experience which is far beyond mine.
I appreciate your responses, ha I promise Im not retarded and do possess some knowledge and acumen.

Thanks Jon;
haha sorry, the point wasn't the method of disposing of the property. True it could be wholesaled. Sorry, by saying option I meant and or the contract, i.e. if you were able to get the option, you are able to sign the contract. By flipping I was talking about a quick resale, i.e. minimal time held (the time on your option/title check etc), before reselling, back to back closing, bridge financing.

Simon Campbell haha indeed it was, I didnt realize it was so long until after I posted it.
Thanks for the reply, I was talking about dealing with pre-foreclosures though, not short sales. I get the arms length. What the article was discussing was ensuring there was not "unconscionable advantage" being taken of the person in default. I was not quite understanding how this land trust strategy was circumventing that.