All Forum Posts by: Brian Turnbough

You could try pulling a listing from a real estate app and take it to the mortgage broker and get them to see if you qualify for a loan. Tell them the same thing you said here and you shouldn't have a problem.

See if he can get a loan from a bank to buy it back from you. Because of his/her past of not paying you can not hold a mortgage with him. If he can get a loan you will be paid off and can move on to another property.

If you want to keep the property and owner finance again, have a sheriff go with you and evict him.

Or you can call the Ghostbusters or Exorcist to clear the house. As long as your taking action to remedy the problem, they can't break the lease.

Sounds like she is trying to make a case for breaking her lease. If a tenant feels unsafe that gives them grounds to break the lease at no expense to them.

I agree with @Sarah Zeihr. The best thing you can do for yourself is pay down your credit card debt. Look at it this way, if you pay down CC debt you will have that available when your ready to use it. Plus your credit score will go up and you won't be paying as much in interest. 

Jacob, you will do better if you go in person. It's all about networking. You can't do it all from your computer. You want the guy making the decision to think of you when he has a REO to unload. Most people don't remember a name from their email but they typically remember a face.

If you can justify the price, then no it's not a bad offer. Use the flip calculator on BP to see if it falls in line with your offer. I wrote a short letter thanking the seller for looking at my offer and then I gave them my justification for why I was offering that price. The agent has to present the offer and letter. It goes along way to show your not some clown trying to waste their time.

If you're looking to buy properties at a steep discount get with a real estate agent and have them pull a list of forclosures from the MLS.

Go into the bank and asked to speak to the VP. Introduce yourself and let them know why you are there. Don't come up with anything fancy or lie! Tell them you are an investor looking to take the bad debt REO's and make them good again (if they could give you the loan). They typically won't deal with you if you offer 50% of what they need to clear the loan.