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All Forum Posts by: Taylor Jennings

Taylor Jennings has started 71 posts and replied 340 times.

Post: HELP Seller has $32k in Judgements on a $10k Property...

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

@Leonard L. You're the man.

I've spoke with the seller earlier and requested he do just what you said =)

I've got their previous title agent and contact info + the court papers they received which released their previous lien.

Hopefully this transaction goes through! I've been somewhat stressed out today.

Post: HELP Seller has $32k in Judgements on a $10k Property...

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

@Leonard L. I spoke with the seller and he said that he recently sold a house for $28k and the title company he said he used said that money went toward paying off the judgments.

That was about a month ago.

My title company picked all the same judgments up so I assume it may take at least a month for that data to be updated?

Post: Good books to start with

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

@Luis Argudo Be sure to listen to the Bigger Pockets podcasts too! http://www.biggerpockets.com/renewsblog/category/podcast/

I try to read 1hr and listen to at least (1) podcast everyday (I usually listen to 3-6hrs of personal development and podcasts at work, in the car, and even while working out).

Also, be sure to go to MeetUp.com to find local real estate events to attend. It's fun to meet the people in those circles and they will be helpful to your future success and motivation.

Post: HELP Seller has $32k in Judgements on a $10k Property...

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90
Originally posted by Wayne Brooks:
Judgments can of course be negotiated for huge discounts. As to the one judgment expiring at 10 years...assuming that's state statute and it's not renewed..talk to an attorney.

Would I need the attorney to negotiate the discounts?

What type of attorney would I use?

Post: HELP Seller has $32k in Judgements on a $10k Property...

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

Here are the details:

Seller's House Price: $10,500

Judgements: $32,700

My Wholesale Fee: ~$6,800

Closing Costs + Back Taxes: $1,700

Buyer Cash Offer: $19,000

The seller owns (4) total rentals including this one and I believe would be willing to sell the others under the circumstances.

One house I looked at is in bad shape and not in a very good area, but I could probably offer $3k on it.

I'm not sure what condition the other houses are in.

Here is the Title Work on the primary house: http://bit.ly/1f5Mfq3

I was told that the $12,965 will fall off December, 15th because it will be 10 years old?

Should I negotiate a price for all of the properties with the offer to pay off the judgments and let them walk away from the total owed?

Should I wait until December?

How should I structure this... Thanks.

(Stinks to have to go through this on my first deal!)

Post: BiggerPockets MEETUP Friday 11/1/13 - Indianapolis, IN

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

RSVP in response to this posting OR (preferably) sign up and join the MeetUp group http://bit.ly/16fIs9h > then RSVP through the site.

Dave and Busters

8458 Castleton Corner Drive, Indianapolis, IN at 12:00pm-1:00pm

FEEL FREE TO ARRIVE EARLY!

12:00pm Sign In, Order Food ($ on You), and Socialize

12:20pm Begin Meeting, 00:20s Introductions, Show & Learn

12:40pm Open Platform Q&A

12:55pm Wrap Up

FEEL FREE TO STAY LATER!

If you live in Westfield, Carmel, Zionsville, Fishers, Noblesville, Cicero, Broadripple, or Indy feel free to attend... Or if you live in any place I didn't list above =)

Post: What is your MOTIVATING FACTOR to continue in REI?

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

I use an action blog.

If I'm not getting calls then I look at what I've done over the last couple of weeks... If I haven't done enough then I'll know and it motivates me to do more.

The more you market the more opportunities that will come your way.

It's been four months since my first bandit sign campaign and I've only done three campaigns. I haven't completed my first deal yet, but I've had deals slip through my fingers.

I realized I hadn't posted up any signs in a month so I went out and later that day I had a seller call who is now in a title search and I should be closing within the next week for close to $7000 in profit.

Check out my action blog on BiggerPockets if you'd like to see the layout =) Hope it helps!

Post: Can a Bandit Sign BREAK the WINDOW of a car?

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

Haha ok just wanted to have some reassurance on this.

They asked for me to call them back, but I'd prefer not to.

Post: Can a Bandit Sign BREAK the WINDOW of a car?

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

I just got a call from two people claiming that the wind blew my bandit sign off a pole and it broke the windshield of their car.......

Can a 18x24 corrugated plastic bandit sign break the window of a car after falling off a pole?

I'm thinking.... that's absolutely absurd.

They said they are going to file a police report and that I need to replace the window of their truck.

Your thoughts?

Post: New member from Indianapolis, IN

Taylor JenningsPosted
  • Indianapolis, IN
  • Posts 354
  • Votes 90

Hey @Yang Xiao ! Welcome to BP =)

So you work with Preston Forte III at Sheals-Johnson?

I've met him once before at a CIREIA event.

We have an Indy BP MeetUp in case you are interested in attending here is the link to our page: http://bit.ly/16fIs9h