All Forum Posts by: Amy Solomon

I'm good at research, but new to this.

I found a house I am interested in, it appears to be bank owned in that it's vacant, and has one of the normal signs in the window stating to call this number if there is an emergency and we don't have any info on the seller yada yada.

But when I look it up, all I can find is that it changed hands many times seemingly within the same family, to trusts etc for $100 here and $100 there, then $30k in 2004 when it was worth over $100k. I followed the clerk documents and find only the person who opened a trust, basically transferring the deed to a management company for the trust. I don't see anything about a lender or mortgage. Obviously it can't be foreclosed unless there is a bank....

I am trying to figure out who the trust management company is but no luck.A web search for JDS MGMT INC doesn't really get me anywhere...yet

Here is what I know

WARREN KATHERINE J transfered deed to JDS MGMT INC TRS ETAL

WARREN KATHERINE J FAMILY LAND TR ETAL in 2007. There are no recorded documents after this.

The address is

1. 10471 ANCHORAGE COVE LN
2. Jacksonville FL 32257 in Duval county

Could it be that its not in foreclosure? That the trust is sitting on this house, empty. That it's not being rented or sold. That it's hired a management company to look after? the house and that's who posted the foreclosure like sign on the window?

I dunno...what do you think? What can you find that I am missing?

We have hundreds of REO's around here, not on the market.

#1 Why? Don't they want to try and get rid of it?

#2 Can I contact the banks that own these properties and make an offer or attempt to buy the property? Is this even doable? If so, how?

#3 What CAN I do with these properties?

Does anyone else have any insight into this?

Does anyone else have any insight on how this works?

I have bought and sold 5 properties, but closed on over 2500 as a real estate closer. But what we know on that side is different than the realtor side...but also much of the same.

@Account Closed what does no money down or commercial deals have to do with this thread?

Please take a second, if you read this, and you are an agent, please leave a quick comment....

I am a single mom of 4, getting back into real estate investing, this time as a business not a hobby. I have decided that I do want my license. A classroom course is 7 days, 9 hours a day, then an exam. I will have about $500 in child care bills for that week for my infant, and before and after school care for the older kids. But, I am sure classroom study has it's advantages.

I am thinking an online course is better for my schedule, but has disadvantages as well.

Please tell me which you did, on or off line and what you recommend. Please also tell me which ONLINE course you purchased if you did it online.

THANK YOU!!!

@Account Closed I want a loan based in my equity and an unsecured loan. I'm not talking about a bank for any of these loans. They are all loans from family members. I am looking to get money in all three of these ways.

How does this usually work? I've seen that they will pay straight to the contractor after verification of completed work. How does the gc like this?

What about the expenses that don't get paid to a gc. Like purchase and installation of window treatments, lighting fixtures, appliances etc. Like cleaning expenses and garbage haul away. Like landscaping. Etc. how do we get the money that we need for these types of expenses?