10 May 2017 | 2 replies
I would start by finding a problem, like a house that will not sell that was listed with an agent, for instance, expired listing,canceled listing, long days on the market listing, For sale by owner's maybe, but it takes a while because they feel that they can sell the house themselves, I have used a lease with option with the intention to assign with the understanding if they sell it first then I will cancel my agreement with them For rent by owners, most of them hire a property manager, so your best bet is to find where they're living and send them a letter explaining the benefits of working with you evictions I think are great, the landlord is mad as hell and wants to find a good Plan B working with wholesalers that have marketing going that have leads they cannot close because there's a little equity, you can offer subject to, a wraparound mortgage, a lease option, or some other creative solution for a low Equity house.
10 May 2017 | 11 replies
You have to be able to independently qualify for them though, so a stay at home spouse with no income for instance could get a loan on their own.
10 May 2017 | 3 replies
For instance, since the ground floor unit is a store front, it's considered a commercial property even though the 2 upper units are residential.
18 May 2017 | 5 replies
Thank you, however as in many instances there is the law, and then there is how it is interpreted.The guy at the Social Security office said if I would pay taxes on real estate income personally then the income would go towards my yearly earned income and reduce the amount of income I could make as a Social Security recipient.
15 May 2017 | 7 replies
For instance, if there is a cap on fees chargeable for a given task (such as you cannot charge more than $10 to produce a newsletter -an actual term from one of the Uniform Acts floating around out there), make sure that your proposal does not violate that.
24 May 2017 | 16 replies
There are instances where i've received a fed ex package and entertained the marketing message, maybe im just numb to the direct mail marketing that i receive personally because I invest and send out mailers myself.
7 May 2019 | 33 replies
Hi Joe I don’t think anything easy In Southern California, I think small apartments and Masterlease options is an easier play than trying to find a single-family house for lease optionsI would first find private lenders that looking for a good rate of return Then look for small apartment buildings that are poorly managedYou want to go to Master lease and an option to buy from seller/owner Then you need some capital to turn the property around to increase rents Then you need some capital to turn the property around to increase rents In commercial property the property is worth what it generates in income NOISo if you increase the income, you are increasing the value of the apartment building The other idea is buying on SellerFinancing properties that need some work but they’re not good wholesale deals For instance let’s say you had an $800,000 property, ARV The property is free and clear and the people that are in the property are over 65 and retired They have not an improve the property since they bought itThe big problem is a new kitchen and updating bathrooms Let’s say all the repairs or $80,000 The Wholesaling offer is really low when you do 70% of ARV minus repairs What I do instead is to do a seller financing offer with a joint venture where I will buy the property fix it and resell and pay off their note in three months I charge a joint venture fee and use private lender money for the rehab I need a vacant house and no payments on the note for three months My joint venture fee is 3 to 5% The seller nets a lot more money doing it that way then doing a Wholesaling offer
20 May 2017 | 6 replies
said, but in this particular instance I think you can't be too careful and you should leave nothing to chance.
22 May 2017 | 17 replies
@Khoa Ha just make sure you do a proper title search on the property and know what liens might exist.In one instance, I actually won the auction (had done a preliminary title search) only to find out that the title was clouded by the previous owner and the current owner had liens from the IRS and was a little crazy and had tried to set fire to the property.
24 May 2017 | 6 replies
This system worked well with exception of a couple of instances of the salary portion.