All Forum Posts by: Austin Joseph

Just went back and forth with him via text. Really appreciate it, @Sam Teifke.

I'm curious as to what the rules are with the ABOR when it comes to giving out MLS access. I'm a wholesaler and am willing to exchange retail leads for access because I fear waiting a few days for realtors to run comps on my behalf is making me lose out on deals. I plan on contacting ABOR directly, but I'd like to hear yall's take first. Thanks in advance!

Has anyone used Rebogateway? I've been told it's a good source for picking up probate, tax delinquent and divorce lists but I'm curious as to if anyone else has had positive results? I'm already using listsource but I think it'd be advantageous to combine lists from both sources so I can really narrow down some motivated sellers

Hey everyone, I recently closed my first wholesale deal after only 3 months of D4$ and a little bit of dropping ringless voicemails. It seemed like literally everything that could've gone wrong, did go wrong. Thankfully, I was able to maintain my composure and as a result my confidence in REI/wholesaling has skyrocketed. I've met/talked to a handful of guys in the Austin area that wholesale as well but they all seem to work for major investment firms and I was hoping to connect with individuals that run their own operations. Reinvesting my profits into finding more deals and implementing a software that'd keep track of my leads are next on my agenda. I also wouldn't be opposed to meeting up with investors that are willing to purchase my deals so I can get a general idea of what other people are looking for in an ideal investment. I'm 22 years old with zero debt and I'm as frugal as they come so I believe I can use these advantages to scale my one man operation and purchase some rental properties for myself in the foreseeable future. Feel free to reach out via PM and I'll get back to you as soon as I can.

I'm having trouble closing on a property because my seller divorced her husband before purchasing the home in question and the title company is having trouble pulling divorce records. The seller does not have much info other than the date of the divorce and the decree of divorce # that was originally provided. It's been over two weeks since the title company said they were going to pull the records and I was curious as to if there was a way I could pull them myself or should I just go with another title company? Contacting the ex-husband to see if he still has any paperwork is also an option but from the details I have been given that would be a very last resort.

@Nina Hayden I believe I have an idea of where you're going but I'm new to all this so you're probably going to have to spell it out for me. PM me if you have the time

@Andrew Allen that's what I'm thinking it'll probably come down to. I'm trying to make it work with this buyer because he does not need to need to tour the property to purchase it and I've been having trouble coordinating schedules with other buyers and the tenant in order to see it in person.

Hi everyone,

I'm in the final stages of closing my first wholesale deal but my buyer has presented a problem that I'd need to solve and I'm not entirely sure how to go about doing so. To make a very long story short: there is a tenant currently in place in the home that had signed a rent-to-own agreement in 2010. This original contract expired in 2015 and stated that if the tenant could not provide the funds to cover the agreed upon purchase price then they would be ordered to vacate the home. She did not fulfill her end of the contract but she has now been on a verbal lease agreement with the owner since 2015  to continue renting the home, but without the ability to eventually purchase it. The tenant has been cooperative throughout my communication with her and I informed her early on that the status of her staying in the home is up to the eventual buyer. This is where my buyer comes into place; I have a gentleman that is extremely excited to purchase the home and he even drove an hour to my office today just to give me proof of funds for the purchase. However, he's not a typical investor so I'm having trouble explaining the tenant situation to him. He plans on purchasing the home as his personal residence and fixing everything himself so he can eventually sell the house for a profit later down the line. The problem I'm facing is that he refuses to sign the assignment of contract until the tenant has been notified and has agreed to leave the premises. I'm almost certain that I am not authorized to send out the official letter of notice, but my concern is that if I ask the seller to do so she would say no due to fear that the buyer may not close on the house and she would be left with a mortgage and no tenant. I've considered restructuring contracts but this is a hurdle I did not anticipate so I'm open to any suggestions.

Side note: my contract with the seller ends April 18th

Hey everyone, 

I've always been under the impression that investors try to purchase properties for 70% of ARV (Example: $60k purchase, $10k repairs, $100k ARV).. but today I was listening to a podcast and the host said not to get too hung up on the ARV value because in his market (Phoenix) many cash buyers will settle for 80% or even 85% of ARV due to the competitiveness. Are Austin buyers running similar numbers or are they sticking to the 70% rule?

@Jake Roland That's what I figured it'd come to but I was just trying to see what I could do myself because I want to make the whole process as painless as possible for the seller