All Forum Posts by: Arreanna Cromartie

After 2 years the loan will be paid and I will own the home free and clear.

I am new to the REI industry but I have educated myself with as much as I can possibly to at least get me to my first deal. Me and my partner have a few properties that we are in the negotiation phase with. We don't feel as though these properties would work for fix and flip investors mainly because of the area but we are thinking of negotiating seller finance and putting about 3k into repairs and using them as rentals. Our monthly cash flow looks to be about $275 for the first 6 years or less time and then we are looking at $475/monthly cash flow. Any ideas or suggestions

Thank you. I do believe he has all of the necessities but I sent him this message just be sure. I have never heard of that group so that’s great

If you ever find yourself in a need feel free to contact him. He is awesome at this

Hi REI world

My husband has over 10 years experience as a property manager and has decided to open a remote property management service. Services would include:

Ledger Audit

Work Order follow up

Delinquency reports

Month to Month Charges

Lease expiration follow up

System Alerts

Deposit accounting

Account Receivables and so much more!

Do you all feel there will be a demand or need for something of this nature? 

Hi REI world

My husband has over 10 years experience  as a property manager and has decided to open a remote property management service. Services would include:

Ledger Audit

Work Order follow up

Delinquency reports

Month to Month Charges

Lease expiration follow up

System Alerts

Deposit accounting

Account Receivables and so much more!

Do you all feel there will be a demand or need for something of this nature? 

So in this scenario a quitclaim is fine

Hi

I am new to real estate investing. I was recently informed of a method used to acquire property through "QuitClaim Deed". Basically targeting the Pre Foreclosure List speaking with the seller/owner and finding out the actual amount behind in payments as well as the overall amount remaining from the original loan and then QuitClaim the deed to myself and then selling it to a cash buyer. I know that you must be extremely careful with QuitClaim because of title insurance, encumbrances, etc but if the due diligence is done thoroughly  you should be able to discover this, correct? 

Has anyone ever heard of this or is this just wholesaling? 

Ex: 

Home being foreclosed January 8, 2018

Reach out to the owner and the amount owed on the mortgage mos payments is $5200

Amount owed on the mortgage loan is $45,000

"I" come in and pay the $5200 if and only if I receive the deed to the property.

Resale the property to a cash investor for $65,000

Pay the $45,000 to the mortgage company and pocket the $20,000

Is it this simple?