All Forum Posts by: Octavia D.

Regards to all the "illegal / legal" argument about wholesaling without a license, I also researched that if you wholesale a property by subleasing it to a "tenant-buyer" that it's legal because you are a principal in the deal. But thats also a problem since it mainly would be a lease option and in Texas is only allowed for 6 months. Can the seller just extend the lease option to me after the 6 months or should I just make sure the tenant-buyer has enough funds to purchase the property within that 6 month period.? and can I sublease a property if I'm already on an apartment lease? does the lease usually get recorded in the system or does it just get placed in a folder somewhere.

Still learning and practicing on finding deals and what to look out for, I noticed that some properties are posted by LLC's and not a realtor or bank. Since there's much info. about doing deals with realtors and banks, how do you do deals with LLC companies? Are they more flexible and easier to work with, does anyone know, do they market their property with a realtor or on their own.

Having much time to think on how I can obtain funds to purchase a 4-plex so as to live in one and rent out the others (Brandon's house hacking advice). I also was looking into loans since owner financing can only be achieved through motivated sellers that seem rare these days (I could be wrong though). I was wondering if coldwell banker gives out any fha loans and if so, is it possible to use that loan to purchase the property that coldwell has. That way I'll own the property free and clear and the bank will have all their money back + any interest they charge me. Can this work, has anyone done it before, is this something new no one has heard of yet.?

Due to my lack of funds, I've had much time to think about ways to obtain funds to invest in small apt. units, but this is regarding a half duplex that a FSBO decided to re-rent out after his attempt at selling the property didn't work. Now I'm not trying to do anything illegal or scam-like, I basically want to know can this strategy work for someone who has little to no money for anything dealing with real estate (down payments, monthly payments, etc.). I mean I've heard many times you have to have money to make money and that there are many creative options to obtain funds if you have very little (private money, loans, etc.). But what if all those options don't work for you; then what............so thinking a lot about any creative way that might work but am not sure of. I wanted to know has anyone ever tried to negotiate to the owner to use their tenant's monthly rent amount as monthly payments on you're behalf to purchase their property they want to still sell.? Basically instead of the tenants rent going to the owner like usual for their stay in the home, the tenants rent will instead be used (converted, switched) on you're behalf to pay the owner monthly payments to purchase the property. Can this work, is it legal, has anyone tried it before?