All Forum Posts by: NA Beauvais

I have a client who property is underwater and wants to get rid of it but does not want to go the route of a Short Sale. What options are available to help them with the property?

My business partner is currently looking to sell 3 of his properties via QCD. His reason is he had no means in the past 3yrs. to keep up with the properties so back property taxes, accumulated nuisance liens and a private mortgage where he hasn't been able to locate the lender has made selling the properties via QCD his best exist strategy.

Welcome @Jose Gomez and thank you for your service to our country. Between the people on the site and the information found here you are at a great starting point.

Awesome strategy @Priscilla. Thanks for sharing your experience. Definitely have to look at the fact that parties involved were open to looking at this from a different perspective instead of only accepting the standard way of doing things. Was there any special verbiage on the affidavit that was needed to be within state guidelines? 

Makes sense @J Scott. I noticed midway through some of my explanations his eyes start to glaze over lol. That's when I know I've lost him. Being able to work from home and exposing my kids to what I do is awesome and would just like to take full advantage of it.

I have a son that is 10yrs. old and being that I work from home my son always seems to come into my office area and ask me questions about what I'm doing. Not wanting to bum bared him with information I try to give him simple answers (if there is ever a time you can give a 10yr old kid a simple explanation about structuring a Sub2 deal :) ). Wanted to know if you had an opportunity to teach your kid about real estate what would you do to effectively teach them and what would you teach them given their young age?

Hey @Shakir Ansari if you have limited resources you can go on Zillow.com and see recent sales in the area or you could make contact with a local realtor and ask them for a list of recent cash sales.

Great information as usual @Wendell. Thank you for taking the time to share your experiences. How are you able to lock in decent profit margins on your HUD deals when HUD only accepts in some cases as low as 65%(only aftar property has been on the market for a long while) in the Florida area? I noticed that HUDs list price is usually the current market appraised value and after their net price, commissions to realtors and closing costs you usually will end up somewhere around 75 to 85% of market value which makes it a little difficult to get the returns that you are getting and still provide value to your end buyer.

Welcome @Blake Woodham, we currently live in Jacksonville now and are always looking at deals in Pensacola.  If I can be of any help just let me know.

Hey Justin, I am in the local area so If I can be of any assistance to you lets connect.