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All Forum Posts by: Alexis S.

Alexis S. has started 15 posts and replied 35 times.

Post: Seller Finance or Wholesale?

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Thank you @Lawson Ott at what year would be considered quick and big appreciation so I know for future leads?

Also, with him owing so much in taxes wouldnt the house foreclose soon? Wouldnt that motivate them to sell for a cheaper price? 

The house also has qcd. They said they would get a warranty deed. I do not know what that entails. But my contract states seller must produce a clean marketable title and title insurance.

I feel like I really need a mentor I feel like Im in limbo

Post: Seller Finance or Wholesale?

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Hello BP family. I went and saw a house today in Detroit. The comps I ran show $26,000 to $32,000.

Seller owes approx $6800 water and taxes combined

Seller wants to walk with no less than $16,000 after all is said and done.

It has a tentant. They pay $600.00/month but can rent out for $750/month

The lease will expire in June 2017

taxes are 1300/ year

The house looks pretty solid. the bathroom could use an update to add value for retail but to keep as rental it looks good. The basement bathroom needs some drywall. The house needs a good cleaning.

It is located near Joy rd and Wyoming. The block the house is on is clean and houses look well kept.

My question is does this make a good wholesale deal or an owner finance deal? 

If owner finance, how do I structure the agreement and who takes care of the delinquent taxes?

Once the agreement is signed for seller financing, what are my options? 

Thank you for any help. I am taking massive action and learning as I go. I went through information overload for this past year! I have concluded learning as I need the info is a better way.

Post: assignments and preforclosures

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Thank you Nick I did inform him to send me off market. Thanks for the info! Excited to expand to new strategies in the future

Post: assignments and preforclosures

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Hi I am receiving leads from a bird dog. I intent to assign my contract to an end buyer once I get a good deal. But he is sending me preforclosures and foreclosed houses. Can i still assign my contract to an end buyer with these houses? Is there a different route I should take?

Post: two fam flat in detroit

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

ok thank you so much!

Post: two fam flat in detroit

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Hello everyone! How are flats valued when comping?

Post: Second Contract signed.

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

i love reading your posts! i can feel the energy!

Post: What are some Clever ways to find Cash Buyers /Motivated Seller??

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Call for sale buy owner ads and make appt to do a walk through if it soumds like a deal. 

You can also utilize word of mouth.

Post: michigan llc

Alexis S.Posted
  • Wholesaler
  • Taylor, MI
  • Posts 35
  • Votes 6

Chris absolutely. What is the best phone number and email to reach you?