All Forum Posts by: Braden C.

@Tyler Hall Pretty simple to do, just make sure you hire someone with a good reputation and references. A bad stucco job can be REALLY bad. 

@Matthew Lenning Even if you're outside of your inspection period, you can still ask for a price reduction. The seller of course doesn't have to give you one, but it won't hurt to ask. That being said, you say it's still a good deal so I wouldn't walk away if the seller says no. 

@David C. There is something really comforting/freeing about not having a mortgage for your primary residence. I've never heard someone say they regret having their house paid off, but I've heard hundreds of people complain about their mortgage... 

@Tyler Whatcott What are you planning on doing with the property? Flipping, rental, wholesale, house hack? 

@Bryan Stocklas I am not familiar at all with Illinois contracts but there are a couple of things you've mentioned that I am not understanding. You said the seller is claiming the panel is properly working so it doesn't give you the right to terminate, what if you had found a severe mold issue? The house would technically still be functional, would they expect you to close? You also mentioned the panel isn't properly wired, that alone should be enough for you to cancel the contract unless it gives the seller the option to correct it. 

You also wrote the attorney's letter says “Neither of the cited references constitutes a qualifying deficiency which would be a legitimate basis for termination of contract”, did you cancel based on the financing contingency or the inspection? If your contract was indeed contingent upon financing, and you can no longer obtain financing, then this seems pretty cut and dry. 

I agree with the majority here, they're very likely just blowing smoke. I'd get your realtor to do some work and if he/she isn't helping then get their broker involved. 

@Mark Gray It's a great idea, but I doubt it will become available. I believe, and I could be wrong, that 99% of the list companies pull from public records. The banks aren't going to file anything in records for borrowers who took the forbearance. I'd be curious how it's being reported to credit agencies, that data is sold so that could be how the list is obtained. If you do find it, hammer it hard because it will be a very good list that very few people have.  

@Alex Mondragon Check our propstream.com, we use them and are very happy. The cost is considerably less than a lot of their competition and the list quality is good. 

@Adrian Gudino This question is similar to one I get all the time, "how many letters do I have to send before I get a deal?" It's impossible to answer because there are so many different variables. If you work really efficiently and are super focussed, you could spend less than 10 hours a week. On the other hand, if you lack focus, don't have a plan, and basically just throw stuff against a wall to see what sticks, you could spend many hours with no results. 

If it was me, I wouldn't quit the FT job just yet. Spend a few hours a week learning what wholesaling actually is and see if it's right for you. There's no doubt you can make money but most people give up before ever seeing that first deal. 

@Dennis Yosco That's awesome, good for you! I am curious, did you mention seller financing in your direct mail letter? We've added, "If you're tired of being a landlord but want to keep receiving monthly income, we can help!" in handwritten font on the top of our professional letter and had really good results with that. 

If it makes noise because it's older, and not somehow defective, I would politely tell them no. If you change it, they're going to keep asking you for stuff month after month.