All Forum Posts by: Brent Sander

Hello,

I'm having trouble finding the name of property owners though the San Diego County online public record search. Even after typing in the APN or Street Address, the search comes in blank. Is there another method (preferably free) to find out who owns a home?

Thanks!

Congratulations! Way to take action and make it happen.

@Timothy Maloney Thanks for the information. I have great credit, but i'm self employed so i'm not sure I could get pre-approved for a conventional loan. I'm currently looking for a W-2 job in the industry for that very reason. 

Would I have to put earnest money down, even before due diligence and an internal inspection? 

I found a house on Craigslist undergoing probate. Judging by the pictures, it looks a little run down, and the lawn is a mess. It could be a great potential flip opportunity. I contacted the listing agent, who said I can make an offer contingent upon an internal visual inspection. I'm going to drive by the property today to get a better look.

I've yet to make an offer on a property yet, so the process is still ambiguous. Let's say i wanted to make an offer. Assuming the offer is accepted, what follows? How much time would I have to find financing?

Thanks for the help!

@Jeff Kehl I've been seeing this a lot in deed records as well -- a lot of the houses will have outstanding loans far exceeding the purchase price. I've even seen the same exact loan balance in a 2nd and 3rd position. Not sure why that is Thanks for the input!

Hello BP Community,

I'm learning how to evaluate foreclosures and have a quick question about the trust deeds affiliated with the property. I'll try to lay out the information simply, then ask the question.

House was purchased for $565,000 in 2004

Original loan for $423,750 is foreclosing and selling the house at auction next week

There is also a junior loan from 2014 for $567,848

My question: Is the junior loan a refinance? If so, wouldn't the senior loan have been paid off and no longer have the right to foreclose?

I'm curious why a house that was purchased for $565,000 would have over $900,000 in loans. What am I missing?

Thanks!

Hello BP Community,

I'm eager to start a career in REI. At the moment , i'm considering my next move, and could use some advice. I've heard multiple times that time is my biggest asset. However, I want to focus it on the right activities and education in the meantime.

In short, i'm debating whether to jump right in and pursue deals through creative financing (I don't have sufficient funds saved up at the moment), or if I should look for a day job in the industry. My thought process is that a day job would allow me to save money for an investment while gaining experience. This could include a more conventional job in finance, or helping out an investment team with their grunt work and auxiliary tasks. Whatever it is, I hope it increases my knowledge in the industry while adding value to whoever I support. 

Any advice or insights would be valuable! Thank you for reading this far.

Sincerely,

Brent