All Forum Posts by: Christopher Winkler

We are looking to build relationships with soft money lenders who will help us when we need to flip notes, and don't have the capital immediately available. The buyers would be ready to go, we just would want a short term loan to cover the flip. Please contact me for more info.

You need a RMLO to be compliant with Dodd/Frank. We have a matrix that goes over things like down payment & credit scores, and we can send it to you to help structure the note properly if you pm me.

You are searching for a needle in a haystack. You really need to try out of state, you get a lot more bang for the buck. 

Skyler is correct, if they don't own it outright, you do a wrap and pay off the old and new with the total each month. And extra points for pointing out the due on sale clause, as it might get overlooked, and could wreck the deal. If it does, see if the current owner will accept it. It got my vote!

I am under the impression it will always be there and show no balance after its sold. He can also buy with a land trust so its out of his name, and for deeper protection, make the beneficiary a personal property trust that he is the beneficiary of. This way there is no record of it on his credit report.

Hi Christopher, I'll email you, thanks.

One of our investors is seeking a quantity of vacant, NP1st notes in Memphis. Might anyone know of a source?

If she is on a month to month, you have every right to raise your rents periodically. I would also be checking other rentals in the area to see if you are cheating yourself; one tool is rentometer.com and if you are less than 1/2 of the gauge, you should consider raising them, as it could lead to a better tennant who will pay on time. And do enforce your agreements... Good luck!

You really should get a better idea of the homes current worth before making any offers, as well as taxes due, other liens, and their status. A BPO will get you a good idea based on the current condition and comparing to others in the area. Find a local broker who will go out there and drive around, look at it and report back.

An AVM or automated valuation model would be based on just historical numbers and values and not on the condition, so you might want to combine them into all your factors for value.

Found Realty Pilot, who will do both for you for a reasonable fee. Good luck!

 Since most in the area are between $900 & $1400, maybe try a $100 or $150 higher and see what happens. Its a beautiful rehab and compared to most, you should be able to get top dollar. Just say way from the red unless there are situations that demand it. Start @ $1150 and see what happens, you can always go down, though its hard to go up! Even $100 more a month is $1200 in your pocket...