All Forum Posts by: David T.

You really cannot buy a tax lien or deed without a prior and thorough due diligence which takes up your time and some resources. Once you understand it's an essential upfront cost, it's a good business. 

Good luck with it!

 Has anyone got experience of hiring and working with people on odesk?

Sorry to tell you Jerry, but I don't think you have any chance of putting this together without experience or equity of your own. These are two major hurdles for new people. 

What you really need to do is change your order of priorities and the first and foremost is to get your first deal across the line with as much hands on experience as you can get out of it. money comes second right now, but that changes PDQ. Sounds harsh, right? It's about the easiest and simplest way to get going in this business.

Let me put it in a nicer, softer way. There are loads of deals out there, but only one of you. 

If there's "plenty of profit" in this deal, then you should have no problem finding someone to take it on who will give you some sort of a payday at the end and some sort of hands on experience to go with that. So if at the end of your first deal if you have some experience and even a small profit, you will have achieved a success and accomplishment. 

This is a tough business and it takes this kind of commitment to get started which so many newbies seems to balk at.  So put yourself out there with this deal and if it does not get you to next step, off ye go and find the deal that will. 

You're on BP now and in the right place at least, some great people here.

 Best of luck with it!

Sounds like a plan. Let me know if you need help getting organized?

Welcome Brett to a most useful resource. BP has all the information you're going to need. Looks like you're able to call your first project a success as you seem to have survived it! ;) Congratulations! Best of luck with all your deals.

@Brenda Griffin, if you contact @Bo Wagner and ask him to set you up with something that works, he'll be more than happy to oblige, no charge. the best way to contact him is via email; [email protected]. he's a good closing attorney and a lot of people on here use him.

Wagner Law Group, LLC

2801 Buford HWY NE

Suite 480

ATL, GA 30329

p 404.829.2990

f 404.855.4111

www.wagnerlawllc.com

Good luck with your deals.

So we passed on this, just don't like selling via lease option. surprised how little response this posting got. 

If you find a deal with a minimum of $200k profit after all expenses, you should be able to find an equity partner. That's something with an investment requirement of circa $600k and a max of 12 months timeline. 

Contractors will tell you they can build a standard finish in ATL for $62, but realistically it's in the $70's plus site costs, so the location has to be right.  

Good luck with it!

Here's a story you can't resist, especially for all the Detroit fans here on BP!

http://www.businessweek.com/articles/2014-10-24/bu...

The offer just came in, we understand they have to sort out some credit issues, but we have done no diligence yet because we're still looking at the offer as it stands and asking ourselves if we want to commit to this type of a deal?