All Forum Posts by: Jon Passow

I need to get about three properties skip traced. Sherpa says I need to do a 3 mo contract. Anyone know of a site that you can just do a pay as you go skip trace without having to sign up for a service commitment?

Also, how would one skip trace a llc instead of a single person?

Thanks, Steven!!!

I am kneed deep into researching how to generate leads and I came across an issue in Cuyahoga County. I called the County Clerks office who sent me to the Sheriff's office who said they don't generate Pre Foreclosure lists. They only deal in Foreclosures.

This didn't make sense to me since, from what I understand, pre foreclosures are public record and generally are listed somewhere. I know about RealtyTrac and all those list services, but to start, I was hoping to do some of the leg work myself plus I've heard that those lists are a bit out of date.

Anyone have experience in this that might be able to lend some guidance? I'm also looking in the counties surrounding west of Cleveland.

I'm going to be moving back to Cleveland in a few months and am coming back for the holidays. Is there any meet up happening during Dec 23-Jan 4th?

Good advice. The problem is I don't have the $50k to start. Is that where you would recommend other people's money (ie: getting a partner to front the cash or get a loan?)

How so? 

One thing that's holding me back from purchasing my first property is the fear of "what if my numbers were not correct". I know that you need to do the best due diligence/number crunching that you can before making an offer. But what if I got all my ducks in a row and the reappraisal came up short for some reason?

Say I purchase a $50,000 home, put $50,000 into it and the reappraisal only gives me $100,000 when I estimated $150,000. Since the refinance loan will only give me $70,000, that leaves me $30,000 short on my hard money loan. What does one do in a situation like this? What would you do if it was only $10K short, $5k short?

Wanted to bump this to see if I could get some input :)

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*This link comes directly from our calculators, based on information input by the member who posted.

I felt a little bit like, while the money investor is taking a huge risk, I'm doing all the work. Say we co-own the property for 30 years. That's 30 years of my time and he just has to do a little bit of work right up front and that's it.