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All Forum Posts by: Andrea Tapp

Andrea Tapp has started 21 posts and replied 49 times.

Post: Wholesale house has utility liens and a judgment

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

exactly @Julie Marquez. The seller will pay for it out of their proceeds and the buyer will have a clean title. I just notified the seller and she chose to pay them off out of her proceeds. So she knows that will be an additional cost at closing. 

Post: Wholesale house has utility liens and a judgment

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

I am currently working with a wholesale by assignment house in a similar situation.  I just notified the seller of the liens and told her that she can either pay them off now or it can come out of her end profit.  Either way they will need to be paid before the sale of the house.  

I personally contacted the city and got all the information and the city even dropped some of the liens in the process, but the seller will still be responsible for paying off some of the liens before the sale of the house.

Post: Colorado meet ups and Reia meetings

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11
Thankyou Garry Cook, Colin Smith, and Aaron Moore . I just connected with the meetup group and will try and make one of those! I will also check out the Denver posting and iroc. Thanks for the leading!

Post: Colorado meet ups and Reia meetings

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11
We are planning a trip to Colorado and want to know when the Denver area and Colorado Springs area REIA's or other investor meet ups happen? We would like to coordinate our trip to come to some meetings if possible. Thank you!

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

@Bill Gulley

@Brian Gibbons  I really appreciate your post Brian.  I truly do.  Thank you for giving me a very constructive path to work with and not policing my wholesaling ideas.  I will be reading more of your material and would love to learn more from you.  Sincerely. Andrea Tapp

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

Thankyou @Bill Gulley, @John Thedford. I know what I am doing is not illegal. If you are tired of talking to wholesalers then stop interfering with and taking over the posts. We are off topic from the original  post so I am not going to discuss this further. I appreciate all of your thoughts as it makes me sharper in what I am doing.

And no, my attorney is not Ronald. Thankyou. 

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

Thank you @Account Closed for your reply and thoughts. I simply asked a question about how wholesalers speak with the sellers in the beginning about showing the sellers home as I know it is done often. Our deal is not a train wreck and we have done nothing wrong and our sellers are being very gracious with us they are just asking questions. I am seeking advice from other experienced wholesalers on their initial process as we are learning and I wanted to hear how other investors handle showing the sellers home. That is one reason why I love BP as it is great a sounding board and an incredible way to learn. I do appreciate your feedback. Thankyou for your time.

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

Thankyou @John Thedford for your research. We have an attorney working with us through this process, and he is guiding us on keeping it legal. 

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

@Adrien C.

Great advice! Thankyou so very much! Right now we are either wholesaling by assignment or interested in doing subject to's, while we are beginning to look for private lenders to help us purchase deals. So I love your advice. We are learning how to navigate through all of this. Thank you again! 

Post: Talking about contract terms when planning to assign the contract

Andrea TappPosted
  • Rental Property Investor
  • Central, CO
  • Posts 69
  • Votes 11

thankyou @Scott Carder and @Account Closed. 

I did share with them at signing that i would like to bring inspectors and investing partners through to view. I appreciate your thoughts. 

Lloyd, thankyou for explaining what you do.

Do you just set up individual appointments with your buyers and sellers when doing that walk through? Or do you ask the seller to put a lock box on the house? I know some wholesalers will put a lockbox on the house and i wasnt sure how to discuss that with the seller so that they would be comfortable with people walking through their home?