All Forum Posts by: Amir Twig

Great question, Amir! I've been noticing a lot of action around tired landlords and pre-foreclosures—especially with properties close to auction dates. It's all about timing and messaging.

In my work with SMS marketing campaigns, I’ve found that tailoring messages specifically to these motivated seller categories can generate amazing results. If you'd like, I’d be happy to share some strategies or walk you through a few campaigns that are working wonders right now. Let me know!

Everyone is targeting “motivated” sellers - com[edition in most markets is fierce.

What’s needed is either (1) a LOT more money to spend on marketing than anyone else or (2) a unique approach that few are utilizing and that works. 

Our approach is to purchase notes secured by real estate where the borrower has defaulted and all paperwork for foreclosure has been filed.  We will then attempt to work out a deal with the borrower - sometimes taking majority interest but leaving the defaulted borrower with an agreed on minority ownership.  Other times we will end up taking full ownership - but either leasing the property back to the borrower (if they’re a user) or offering them an option to purchase.  Still other times we will complete the foreclosure ( it can take up to 3 years depending on the state and if their borrower files BK.  But our first effort is to get the borrower to agree to a loan modification and have them retain ownership and us getting g a performing note. 

We do this on commercial property with investors only, we don’t deal with homeowners. 

Hello Amir,

I hope you're doing well. Typically, what I have seen with many deals having critical issues is either at the very beginning of making the deal or right when trying to close. At the very beginning, finding deals that a Seller with a property that meets a person's range of criteria to flip can be difficult, especially prior to trying to secure inspection and insistence on "As Is" Provisions. For wholesaling, the beginning can also be difficult if the Seller understands that a person is wholesaling by ensuring that there is rights to assign the contract or makes an offer with the term "And/Or Assigns." One solution is to make sure to send Memorandums of Understanding or being very clear in Offer Letters to be upfront and prevent Sellers from feeling deceived or that you are making a large amount of money off of their property.

Additionally, near the end if financing. I have heard many 11th hour phone call stories of the Lender suddenly threatening to pull out of a deal because one document is missing, their underwriters demanding additional information, or confusion around a business structure. If dealing with residential property, one solution is to keep it as simple as possible and close in a personal name and then transfer it into a trust which may then be connected to an LLC. As long as the property is classified as residential it is usually exempt from acceleration or due-on-sale, even if the intent is to renovate and flip. This reduces issues around complex closings and helps streamline the process.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

As a lender it's Underwriting. So much stress- its the reason I eat to many pieces of cake.  Underwriters are always deal killers.  
I am also an appraiser. So I am very familiar with what goes on behind the scenes now.. 1. Guidelines and 2 Valuation. Are the main culprits in my opinion.  

As a broker, the hardest part is the coordination of lender, borrower, title, insurance.  I may have to step in to do anyone of their jobs because they may get lazy, flake, or put it off. 

As an investor it is the rehab process, hands down.  It's gotta go well, and in the right amount of time, and overcome any hiccups.

@Amir Twig are you a wholesaler? 

I have a lot of properties off market all throughout Florida under contract let me know if any investors or cash buyers would like me to send it to them 

Seeking Active Cash Buyers in Florida

Hey investors!
I’m looking to connect with active cash buyers currently purchasing in Florida. If you’re looking for off-market deals or ready-to-close opportunities, let’s connect.

I'm Derrick with Gaskin Holdings LLC — bringing you clean, motivated seller contracts ready for assignment.

Drop your criteria or shoot me a message if you’re buying!

— Derrick | Gaskin Holdings LLC

#FloridaRealEstate #CashBuyers #OffMarketDeals #WholesaleRealEstate #GaskinHoldingsLLC