All Forum Posts by: Anthony Davis

Hey Marcus,

I don’t see your profile picture, but I decided to respond anyway.

I agree with your thinking. If you have the money...you could hire a real estate attorney to skip trace and possibly solve any challenges that may arise.

I also recommend contacting a North Carolina real estate attorney, because the property is in NC.

A popular attorney that I believe could help you, or recommend a source that can help you is Harry Marsh based in Charlotte, North Carolina. Send a quick to the point email, or call to ask for an appointment call. Maybe first thing in the morning or just before closing.

Anthony

@Morgan Biggerstaff Just have your long-time Realtor friend ask the tenants to cut the grass, or just knock on the door when you see that they are home. Keep it short. Be cordial, then say I see it’s about time to cut the grass. Letters and texts may not give you the quick response that you want. All pressing matters should be face to face by you, your realtor, or property management.

This is your opportunity to express concerns an HOA may have if the property has one. Let them know that YOU would like them to make sure that the grass level never reaches 12 inches high...or whatever your opinion is concerning the matter. ***Don't even mention anything about "It's the tenant's responsibility." ....that is written in the lease. That really just means that the owner will not be maintaining the yard....in most cases.

Start looking for potential tenants well-before it’s time to consider renewing their lease.

Ultimately, it will be your decision on the Wholesaling method. By the way, it seems your current logic is in line with most wholesalers. 

Reading over every line of the particular state’s Purchase Contract is key to your success. 1) Find out if your state / ( area where the property is ) mostly uses a title company, or real estate attorneys. Even though title companies have particular legal sources to aid in closing transactions, I always recommend seeking a “full-time” real estate attorney’s office to close Wholesaling transactions. The attorneys know the current laws in the (area / state) and generally...have personal contacts in “all the proper places” for seamless transactions in a very timely manner.

2) Any line crossed through on the purchase contract....put your initials and have each “seller” put their initials somewhere next to each line that is crossed through also. ( The idea is to be totally transparent and signed by all parties in the transaction.) 

3) Put “and/or assigns”, or “and/or assignee” immediately after your or your business’s name on the Purchase Contract with the seller. ( You can find out if the state’s contract has any paragraphs concerning “Wholesaling” by reading each line, or consulting your chosen full-time real estate attorney. ) Your chosen Attorney can also give you a Free Consultation on how you should / can proceed with the lease option method.

4) The timeframe for closing is also up to you to offer and convince the seller to agree, the sign “to bind.” You May also word your timeframe as “until closed” ( as another closing “insert” ) in additional remarks area....but not on the same contract where you have stated an exact date or days.....and as always ( all sellers ) must initial special remarks that you insert...to show agreement and acknowledgememt.

You’re on the right path...just remain confident with all parties of your transactions....because you are the facilitator.

@Steve Colonnello The landlord makes the decision about who cuts the grass. Many renters of single family homes are responsible for cutting their own grass. The landlord, or property management company sends an email or makes a visit to the renter(s) whenever the grass is in an overgrown state for a length of time. 

Michael Bowman

www.bowmanproperties.com

Hey Chad!

Welcome to the community here!

I just saw your post. I am not a lawyer; however, you do not need a realestate license to create and 'run' a realestate investment business.

First, decide 'how' you want to invest in realestate. 

You will not be able to 'earn a commission' without having a realestate license-anywhere in the states. The words that you use will be very important in your investing career, so be mindful of them.

Second, decide if you will be 'flipping contracts', or 'flipping houses.'

Third, decide on how your 'deals' will be financed. ( When you have the answers to numbers 1-3, you can 'better decide' on a pathway into RealEstate investing.)

You mentioned 'flipping houses' in your question-post, so I am assuming that you will want to 'briefly hold ownership' of the properties as you are preparing the investment properties to be flipped. As an active investor, I can tell you that ( if you will be seeking financing outside of your own funds), there are few companies that will offer 'quick', 'stream-lined' funding on a regular basis in your 'own' name. For this reason....in addition to tax benefits.....asset-protection benefits....limited personal liability benefits....and other benefits many investors choose to create some 'form' of business for investing purposes.

If you will briefly hold ownership of investment property, while they are being prepared for a 'flip', you will be 'deemed a Rehabber' in the realestate investing world.

If you will be 'flipping contracts', you will be 'deemed a Wholesaler' in the RealEstate investing world.

Fourth, after you have thought through all of the above, you will need to decide the source(s) of the investment properties that you intend to flip. Then, you need to decide if you want to hire a Virtual Assistant Company to find, negotiate, and contract the properties for you; or, if you will be completing 'each step yourself.' If you hire...you will need to already know exactly what you want, including the investing price ranges for particular house floor-plans and property-amenities. Know that ALL THINGS are negotiable.

Believing in yourself is you #1 Asset in RealEstate Investing....and Life itself.

As you begin to invest....you will learn the requirements in order to obtain outside financing. You will learn that you can do a lot yourself, and some things are challenging (and should be outsourced.) However, we will never know 'everything', so get started....and learn as-you-go.

👊🏼👊🏼👊🏼

Hey Mark,

Happy New Year to you!

I just reviewed my email alerts and saw your message.

I'm a wholesaler in Charlotte and have a network of Real Estate Professionals in the area.

I can direct you to a source for you to do all the asking and negotiations for yourself.

Brandon Johnson has a company by the name of Southern Star Roofing & Construction.

You can connect with them with questions with online communication, or a call.

The website is www.SouthernStarRoofing.com .

For testimonials before contacting his company, you can look over what others had to say at www.SouthernStarRoofing.com/testimonials

I'm sure the company can steer you in a good direction if you guys cannot agree on price that you like.

Cheers Bro!

Anthony

Ask Dale Fussell for recommendations. He is a well-known real estate Attorney in Charlotte.

Rules may have changed since I have been in school.

Back then, students could still be on their parent(s) health insurance as long as the student is under the age restriction SET BY the insurance company, even though the student is labeled  "independent."

The independent status back then, had to due with (who provides FOOD/SHELTER & LIVING/SCHOOL  expenses) for the student. (The student could still be on parent(s)' car insurance and healthcare plans.) 

Note: Some students would answer questions on the form in such a way to benefit the student best.

If insurance and tax questions are not asked, then no information concerning the subjects would not be mentioned.

Hope this helps.

Hello Nancy,

Yes, the college admissions would be a great place to seek answers, or additional resources.

It's been a while since I have been in college; however, NC Universities required the student to live in our great state for at least (1) year before obtaining a NC residency status back then. A lease for a (1) year period; utility bills with the students name & address; a NC State ID, or Driver's License; a College Parking Permit (Record); all may be potential proofs of  qualification. I don't currently know if the State's   University System requires students to update their College ID's each year or not; but it could be an additional proof if it has (picture, address, & year) information.

So, she doesn't need a deed, or property to qualify for residency.

Hope this helps.