All Forum Posts by: Anthony Johnson

BP, The Los Angeles market is very unique; I’m looking for some insight into what formulas you all use and what different criteria’s you have. Any insight is very much appreciated!

@David Waddleton you should read “Finding and Funding Great Deals” By @Anson Young excellent resource; all your answers and much more insight, inside.

Whats your goals; and, what makes sense? The beautiful thing about realestate is that the options are endless. Millionaires built off Section 8, Millionaire built of absolutely Zero thought purchasing beachfront 50yrs ago. 

Recapping on this post. If you are dealing with a foreclosure; simply call the bank with your client and they will guide you through the payoff method. It's very simple. I paid off the 11k in outstanding mortgage along with fees, had the purchase agreement notarized, and lawyer took care of all filings. If you have any questions regarding Sub-2; Pre Foreclosures, or anything else real estate related, feel free to reach out.

Mitch Messer I'll be calling the bank tomorrow, but the issue I could see with sub-2 is that the mortgage would still be in her name and she's already shown that she is not able to make payments, assuming risk and taking the loan in my name shows more good faith. If I'm not able to assume the loan I'll contact some bigger fish and see if they're interested in buying the property cash.

Mitch Messer no. It has 50k of built up equity. I plan on putting her in a apartment I own, take the housing price off purchase price and assume the loan then either rent and refi, or sell.

Hey Bigger pockets! I'm trying to save a veteran from foreclosure. She is 8grand behind on payments. The total amount due is 55,094.74, ARV 110k. Does anyone have experience with talking to banks to stop the process, I understand I need to threeway call with my client. I'll be doing that Monday. I am trying to assume the loan after paying off the amount owed. Any tips or things to keep in mind? The property is in TN. Thank you Anthony D. Johnson

Hey Bigger Pockets, Looking for RE attorney in the Clarksville/Nashville that is familiar with Sub-2, Mortgage payment Assignment Contracts, And Lease Options. Or if anyone can give me a referral. Been hitting a lot of dead ends. Respectfully, Anthony D. Johnson

Looking at different sites to create a website for leads as well as a way to educate possible sellers on what I do, any recommendations to a website service?

Jackie Lange Thank you! Something's to educate myself on! It's amazing at all the different options! I'm starting my campaign next week. I appreciate the knowledge!!