All Forum Posts by: Austin Faux

Great Property in Denver, Colorado area!  This house comes with seller financing available and a very low monthly payment around $759.51/m.  The rental range for houses in this area are about $1,800 to $2,000/m.

This house needs almost no rehab what so ever and could be rented in it's current condition.  The previous homeowners even started finishing the basement and got about 1/2 way done.  This is a very large house, in a very nice area just south of Buckley Air Force Base.

CALL US NOW AT: (303) 532-5600

Numbers:

1st Lien: Shell Point

Remaining Balance: $278,999.41

Monthly Payments: $697.51 (PI Only)

2nd: HOA

Missing Payments: $11,240.63

Monthly Payment: $62.00

3rd: Judgment (Calvary)

1 Time Only Judgement Amount: $1,066.79

Total Upfront Money: (Pays: 1st Reinstatement, HOA, Homeowner $, Assignment Fee) = $90,240.63

Total Monthly Payment for Subject-To = $759.51/m

Rent Ranges = $1,800/m to $2,000/m

CALL US NOW AT: (303) 532-5600

If you're interested in walking through the property we can arrange that.  But here are some pictures below:

I took these pictures when the homeowners where in the middle of packing and moving out.  The property has been cleaned out since the time I took these pictures.

CLICK LINK FOR MORE PICTURES --> https://drive.google.com/open?id=1VNiEcbjQFTF_W5gyVHoVHFr2A0m1RVG2

CALL US NOW AT: (303) 532-5600

This property can be bought "Subject-To" existing mortgage...I didn't make that clear above...lol

Thanks,
Austin-

Hi,

Got another great Denver, Colorado property ready to go and I thought you might be interested in it. Just note that this is a very quick deal "turn around time" and very quick cash is needed....but there is a good profit margin to be had. --> Remaining $ / Profit Margin = $52,505.01 - $75,385.17

The address of the property is 4345 Genoa St. Denver, Co 80249.

I've been working with the Homeowner since October, and have all paperwork signed...with right of rescission ending back in mid-October for a "seller financed" deal. The brother to the Homeowner got a realtor involved a few days ago because he didn't know the Homeowner was already under contract.

I've talked to the Realtor and let them know the Homeowner already signed a contract w/Us that past the right of rescission back in mid-October and the realtor said she's backing out. The only reason it's taken this long to do something is the Homeowner isn't 100% mentally capable, and the Power of Attorney (Daughter) wanted to be present for signing the Landtrust....which we completed.

The property is in pretty good shape with very little that needs to be done. Just a lot of small things like to fix or replace. It's probably in "rent ready" condition if you just wanted to rent it instead of rehab & sell it.

The HO is a 75 year old woman and her 95 year old Dad lives with her. They are making arrangements to move to Texas to live with family. They currently have some family in town trying to help prepare them to move (Couple of Brothers). They would like 30 days to pack-up & move down to Texas.

Foreclosure Sale Date: 11/16/17

Here are the numbers:

1) ARV = $310,000

2) Repairs: $15,000

3) Total Upfront Money = $80,000-ish

- 2nd Mortgage would be paid off in full at this point. 2nd Mortgage wants to be paid off in full in order to drop foreclosure according to 2nd Mortgage Lawyer. Lawyer said "don't expect" reinstatement amount in time....but if you want payoff amount we can do it.

4) Estimated All Money into Deal (w/Judgement $22,880.16) = $257,494.99

5) Estimated All Money Into Deal (w/o Judgement $22,880.16) = $234,614.83

6) Remaining $ / Profit Margin = $52,505.01 - $75,385.17

More Details on the Numbers:

1st Mortgage:

1st Mortgage Balance: $119,805.83

1st Mortgage Missing Back Payments: $0

1st Mortgage Monthly Payment: $891.52/m

- 1st Mortgage is current and in good standing with no payments behind.

3rd Mortgage:

3rd Mortgage Balance: $15,800-ish (Still Waiting on Exact Numbers)

3rd Mortgage Missing Back Payments: (Still Waiting on Exact Numbers)

3rd Mortgage M. Payment = $169/m-ish (Still Waiting on Exact Numbers)

- We should have exact numbers on Monday for 3rd Mortgage

Other Liens/Judgements:

We are in the process of talking down Liens.

Martha Webb = $8,010.52 (Paid Off Already)

- Should have been removed when 1st mortgage was put in place, but it was never released.

Rainsoft = $5,000 (Paid Off Already)

- Should have been removed when 1st mortgage was put in place, but it was never released.

Wakefield & Associates = $3,300

- Willing to Make a Deal to Lower Price. If the property switches hand via Landtrust to you...then you can payoff at lower price anytime you want outside of total Upfront Money. If you want to pay upfront then Total Upfront Money increases

HOA = $709

- Can be paid up front if that's the case then Total Upfront Money increases, otherwise if can be paid off at later time you choose

Wells Fargo as Trustee for Lake Judgement = $22,880.16

- This a judgement against the house owned by a Trust. We don't know who owns the trust we contacted Wells Fargo national and they have no idea/record of this judgement on file. We researched the actual Wells Fargo physical location as listed on the Judgement itself, and that branch no longer exists. The location is currently an Enterprise Rent-A-Car. When you sell the property you can get title insurance to cover this judgement amount, or do a "quiet title" to get the amount removed all together. Even if it's left on the house there is still a good profit margin.

Let me know if you're interested and we can setup a walkthrough. Since this is so close I'm going to be actively looking for a buyer.

Thanks,

Austin/Amanda - (303) 532-5600

Hi @Bill Coleman thanks for your help!  I've just PM you! THANKS!

@James D. - I've gone through a few other programs as well.  I don't think Rich Dad is a be-all end-all system.  But it is where I started and the training was very helpful..and is still helpful.  I didn't do their biggest educational product though...I just got what I needed at the time, and Coach Greg has always been in my corner since the day I met him...In fact I had a phone call with him just the other day.  

Currently I've gone though Rich Dad, Sean Terry's Stuff and Investor's Edge University (IEU)...and IEU has allowed me to leave my job and now I'm doing this full-time!  What system are you using James?

It's in my calendar ;D

Just got a property under contract last night in the Denver, Colorado metro! It's in great condition the homeowners have been living there for a very long time and have taken great care of it. Very light Rehab and half finished basement. Newer water heater, furnace, roof and garage door. Big backyard with storage shed/area. 3 Beds upstairs 2 Baths upstairs. + Extra room and bath downstairs

Downstairs...the property is listed at 1211 sqft but the homeowners have finished about half of the basement to include an extra room w/closet, egress window and large bathroom. They even have another egress window ready to go that they've already put in the basement for another room they were planning on adding but didn't get any further than that because they started hitting financial difficulty. So with the basement half finished it's probably closer to 1700-1800 sqft and if you wanted to completely finish the basement it would be closer to 2,000 sqft.

CALL NOW: (303) 532-5600

Video Walkthrough: https://youtu.be/fRqZwzw-IJ4

Address:

1116 Memphis St. Aurora, Colorado 80011

Comps:

15826 E. 8th Dr 3/3 - 1521SqFt - .38mi Away - Sold: $282,500.00

16668 E 13th Ave - 3/2 - 1560SqFt. - .26mi Away Sold: - $263,000

1187 Nucla St - 4/2 - 1728SqFt - .15mi - Away - Sold $260.000

890 Ouray St - 4/2 - 1757SqFt - .42mi Away - Sold: $270,000

1164 Olathe St - 4/2 - 1800Sqft - .27mi - Away - Sold: $266,000

15855 E 8th Dr. - 3/2 - 2172Sqft - .35mi Away - Sold: $312,500

ARV: $277,375.00

Buy It Now at: $218,746.88

CALL NOW: (303) 532-5600

We require cash and quick close to beat Foreclosure sale date of March 2nd. If you want to take a look at the property you can come over Feb 23rd at 2:00pm - 3:00pm

CALL NOW: (303) 532-5600

Thanks,

Austin-

Executive Director of Operations

www.YourForeclosureOptions.com

"2) SEO: This also take time to build up but I have seen some investors pulling 1-2 deals a month from this form of marketing. A really good SEO guy will cost roughly $2,500/month."

...well you would be surprised that most of those guys don't actually know what they're doing...and then they come see me.  They jack up the price so much because they white label to me....lol.  I used to do all of HomeVestors/We Buy Ugly Houses SEO for years and  years.  If you have any questions let me know.

@Austin Mudd I've been doing SEO professionally for many years and I have a lot of experience doing SEO professionally for Investors (Homevestors / We Buy Ugly Houses).  If you want to know the absolute best way to improve your SEO that's free, easy, and DIY....then you need to be blogging like crazy.  I would say at a minimum 2-4 blogs a month.  

Go to Google and start typing in a keyword phrase something like...."how to sell your house."  As you type Google has something called "predictive search" in which a little drop down menu will pop up as your typing and try to predict what you want to search.  Those predictive search options are some of the highest volume search phrases.  

I would type in one of those search phrases, and at the bottom of the search engine results page (SERPs) that pops up with the result will be even more commonly searched phrases under, "Searches related to...." All of those phrases are going to be pretty good content topics you should blog about.  

Now if you want to take it up a level it's time to skyscraper the content. Look at the top 3-5 results for your chosen keyword topic.  Get a good idea as to the layout of the content, and look for ways you can build something bigger and better.  Basically if you look at the top 3-5 content pieces for your keyword and you notice they all have titles like, "Your Top 3.... Top 10 Ideas.... Best 5 Ways to...."  Then you know your content needs to be something like "Top 100 ways to..."  Then look for things that are missing from the competition's content and make something better.  Fore example if you notice your competition all have one picture, then add 5 pictures and a video from YouTube.   This technique is called "skyscraper" because you're "building" levels onto the existing content.

Now there will be some off-page factors at work that can be hard to explain step-by-step without writing a 30 page book, but in short...Look for what links the competition is getting for their content piece, talk to those websites with the link and see if you can get a link instead...maybe even replace the competition's link.  Just literally ask...why not.  You can also look for broken backlinks and a ton of other options.  But if all you do is the write 2-4 blogs a month minimum (it's okay to write more 8-10+) you'll start noticing some increased traffic coming to your website.

You'll also want to make sure you have Google analytics/search console (formerly webmaster tools) setup on your website.  After a while you'll be able to go in and see which blog/content pieces are bringing in the most traffic.  You'll then want to go back, look at your competition for that content, and try skyscraper-ing it again to get higher and higher up in the SERPs.

I'm more than willing to chat with anyone that needs help with SEO or provide my services. ;)

I've got a tenant that is smoking cigarettes and weed in the unit, both of which violate his lease agreement.  I haven't approached him yet because I'm not exactly sure what's the best way to do it.  I've been lucky so far and have only had good tenants in my units so I haven't had to really do something like this yet.  He does get government veteran housing assistance.  I'm in Denver, Colorado by the way.  Any tips?  I've got a feeling we'll have to evict him sooner than later because of some additional things.

Thanks,

Austin-