All Forum Posts by: Account Closed

Does your market have vacant houses? Probates? Code Enforcement Liens? Tax Deed Sales? Preforeclosures? All of these are ways I find deals and I work the source of the data, not any list services to find my off-market deals. 

@Alice K. There is an easy way to MAKE SURE you do not get screwed out of a deal. It is called 'A Notice of Contract.' It is a one page document that states you have a contract with sellers name on property address. DO NOT put any info about the contract but it only states that you have a contract. Then get it notarized and recorded at your county recorder’s office. This clouds the title and NOBODY can close the deal without you being notified and you getting paid.

What exactly are you looking for? I may be able to help you. NOI? # of units?

Beenverified has a list of relatives. Click on their name and it will give you their contact info. Then call them until you find the right person. @Chris Martin is correct. Next do a search in the probate records for the deceased and it should show you the PR's (Personal Representative) name and address. Then do a beenverified of them if they are not already in the relatives contact list. 

Good luck in your future dealings. 

I'm sorry I meant if you do a double close it's so the buyer WON'T know what you bought it for. That is the reason to do a double close. 

I know of two investor friendly lenders that can fund any fix and flip deal at 90% of purchase price and rehab as long as the total loaned is not any more than 70% of appraised value. That will jump start your deals. 

My philosophy is if the amount I'm going to make on a wholesale deal is more than $10,000, which this is, then I do a double close. Yes it will cost you a little more but the buyer will know what you got it under contract for. I do this because I want to be able to use the buyer in some future deals. Also I use a title company that uses my buyers funds to pay for my purchase. That way I don't have to come up with any cash at close. 

Also if the amount is less than $10,000 then I just do an assignment. I get them to sign an assignment agreement for the amount I want and the buyer closes directly with the seller. I make sure the buyers title company gets a copy of the assignment to make sure I get paid. 

Hi Sardaruddin, I can help you sell this property. What do you have in mind?

Hi Alex I can vouche for Robyn as she runs our local GOREIA investor group here in Orlando. I also teach a monthly BP meeting. There are lots of places all over Florida that have good deals. What exactly are you looking for?