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All Forum Posts by: Terry Moran

Terry Moran has started 2 posts and replied 6 times.

Post: Laid off, I want to buy a pre-foreclosure for a BRRRR. How?

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

Good news. A good buddy says he will JV the deal for paper only. Meaning he will get the mortgage and I will pay for everything. I see this as a huge help, as I am getting divorced, selling my house, and will get at least 50k out of it to use. What kind of JV deal should we work out?

Post: Laid off, I want to buy a pre-foreclosure for a BRRRR. How?

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

Found a house in pre-foreclosure. Wife just says she wants a divorce. What is my strategy to buy this house with only 10k liquid?

Post: Greenhorn advice needed

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

@Jose Flores

Thanks Jose! D4D today and my goal is to send 10 letters this week. I’ve reached out to a few buyers as well to find out what their criteria is so I’ll know when I find a match.

Post: My First Wholesale Deal. Started From Nothing

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

@Jarrod Frankum

Thanks for posting, Jarrod. Im starting myself and this gives me motivation to get started d4d. Congrats!

-Terry

Post: Greenhorn advice needed

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

I just laid off my job a week ago. I've been in and out of REI in the past, and now ready to pursue my passion.

Step 1, find abandoned house. step 2, find owner, somwhat's next? I'm looking to get into wholesaling, with the end game being fix and flips, BRRRR, and eventually buy and holds.

Looking for a reliable method for ARV, building a buyers list and the next step once I discover an owner to an abandoned property.

I’m seeking advice of people that have been down this road. Thanks in advance.

-Terry Moran

Post: Repairs for Tenants who have not paid their rent yet

Terry MoranPosted
  • Rental Property Investor
  • Westford, MA
  • Posts 6
  • Votes 0

@Dillon Dull I would get a service tech over there as soon as you can. You don’t want to give them firepower to not pay.

You need to address it and have them work towards catching up. Maybe an extra $50/month to show good faith.

Good luck.