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All Forum Posts by: Brandy Johnson

Brandy Johnson has started 6 posts and replied 33 times.

Post: Zombie Foreclosure in NC?

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

I have a sub to that is facing tax foreclosure. Seller has already signed a sub to contract and auth release. Existing mortgage is 80k but the original holder of the loan was bought out a year after the loan was given, that Lender merged with a private equity firm a few years later. I pulled the records from register of deeds and it says the new holder is a bank in Germany. I'm negotiating with the city on the taxes. I found the last known trustee who advised me the case was closed and per the loan servicer charged off. So that servicer has since been bought out by Oswen Loan Servicing in Fl. The trustee advised that the seller should have recieved a 1099 if it was indeed charged off but per seller she moved out in 2010 and thought home was foreclosed on. Any tips or suggestions on moving forward?

Post: From AUG 2016 to NOW!!!!! New Investor in NC

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3
Originally posted by @Brandon Barnes:

Congrats Brandy Johnson! What has been your main focus? Wholesale/flip/hold? If you wholesale I would love to be on your buyers list. Best of luck in the future

 Primarily wholesaling. Awesome, I will be glad to add you. Inbox me your criteria

Post: From AUG 2016 to NOW!!!!! New Investor in NC

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

Hard to believe I just started my journey into real estate investing in August and now I have 3 available properties in Triad NC. On August 19th, I decided I would devote and commit myself to real estate investment. Not a full 30 days later I had 2 signed contracts. Both deals fell through for different reasons but I learned a lot especially what NOT to do haha. Here it is, the first full week in December and I am still going strong. I actually own a house in Winston, have properties under contract in High Point and Thomasville. This just goes to show that hard work pays off. Never give up even with your last breath........

Post: Greensboro/ HighPoint

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

Tyrone Smallwood, Smallwood Handyman Service

Post: Lending scam? David Jackson Loan Firm

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

Thank you for your comment. My hope in creating this post is that anyone else he messages or emails in the future will search his info and hopefully find this forum and not get scammed. From the multiple references he sent, I am sure he has scammed others before using that same tactic. 

Post: Lending scam? David Jackson Loan Firm

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

I think David Jackson is a scammer. I am so glad I didn't send him any money or bank info. Reading the posts regarding lending scams, I have gotten the same red flags from David. At first he seemed legitimate but now I think he is a scam artist.  I contacted him from a Facebook post. He sent me terms of his loans 2k to 2 mil with 4% interest rate personal and business (I know i should've known then) I asked the standard questions which he answered very professionally yet I still had reserves.  He wanted my bank info to transfer the loan but said there was a transfer fee of $235. This raised more flags for me but I asked for references. He provided but only one responded yet the response didn't seem genuine. I requested more references which he provided but this time the responses from all 4 were very familiar. I searched the numbers he gave me which returned as VOIP numbers. Also he said his office was at 131 maple st, no city provided just state, SC with a 113 zip code which is not SC but NY. I also couldn't find anything online about his company besides Facebook and a linked in page. Long story short lol this guy is a scammer. I also found him posting under a David Dosier which was one of the references he sent me.  Anyone else ran across this guy? 

His email- davidjacksonloanfirm with gmail

Post: Can I wholesale a house I'm currently renting?

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

I want to see if this is possible and how to approach the owner if so. Do i approach same as i would any other seller? It's a older couple and they have a few houses in the area. I had a fellow wholesaler reach out to them to see if they were even interested in selling some of their properties and they are. Just not sure how to go about it since I'm renting the home i want to flip. Any suggestions are appreciated. Thanks 

Post: Craigslist ?

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3

You can do negative keywords to eliminate certain words and phrases from your search. I didn't know this lol so thought i would share. 

Post: Question about Negotiating Deals

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3
Originally posted by @Steven Steffel:

@Brandy Johnson

When it comes to negotiating you must always know your "walk away point" and never get wrapped up in doing the deal (thats where you loose time, money, and sometimes gain unwanted problems that you can't afford or don't want to pay). The power of walking away normally has a 50/50 chance that the buyer/seller will come back and accept your offer or at least change their offer. 

I experience this every day and have had people get so upset that I didn't change my offer and then hang up only to call me back in 15min to 1day later to accept a 5-9k drop in the price. If you can save an extra 3k on each deal and do 10 a year that equals 30k and if you are doing a 100 that is 300k that you could use to hire more people ;)

You must be firm and confident in you dealings, otherwise you will be tossed with every counter offer and time pressures. Knowing your numbers, market, and walk away point will help to give you that additional confidence and negotiating power.

Always remember, there is always going to be another deal ;)

Hope this helps on your next deal. 

-Steve

 Thank you, Steve. This does help, priceless information. I am floored by the overwhelming responses and invaluable guidance I've received here. I can't thank everyone enough for their comments and direction.

Post: Question about Negotiating Deals

Brandy JohnsonPosted
  • Investor
  • Thomasville, NC
  • Posts 34
  • Votes 3
Originally posted by @Thoai Han:

@Brandy Johnson we are all learning lol. try dotloop.com If you dont mind me asking, How are you finding your deals ?

Thank you, I will check that out. I have been driving for dollars, FSBO on Zillow and Craigslist. This one was from an email I sent through Zillow.