All Forum Posts by: Brody Jett

Could petition the County for a Rezone into the applicable zoning you are after. Your not trying to re zone to take a single family to hotel status. I petitioned for a 29.9 acre parcel that had a 10 acre minimum for  new structures. If I had  .1 acre more i can build another home but didnt plus across the street it was a 5 acre minimum. They went through with it. May be worth a shot Hope this helps. 

Brody Jett

Agent Prime Real Estate Group 

Hello,

I have a thirst for REI and would love to help you out. Have done a couple flips and rentals. Im with Prime Real Estate Group. Message me anytime for contact info and I can see how to help. If I cant I have many reccomendations that speak REI.

Brody Jett

Real Estate Broker

Prime Real Estate Group.

what are your goals? Use them as your play book on what to do. Our suggestions are just that. You want to be closer to debt free do the mortgage pay off and go back to what you do for work. You could take 40k and work hard to find partners to go in on a 1mill $$ multi family prop that now brings you income monthly given you find a good deal. I am in the same boat house hack in duplex in spokane sold a home last week and have 33k not as much but similar. My problem is i love to invest. If i paid the 33k to a mortgage then thats it done, gone. I am usingmy money to generate more money so it keeps compounding. i have stopped acquiring debt and once the rest is paid off then i can put my proceeds to a passive multi to retire. Food for thought pm me if you want to chat more. Good luck

Brody Jett

@John Thedford Got it, nothing has been completed yet or drafted. Makes sense now

@Aaron Mazzrillo Thanks for you input.... Playing monopoly seriously???? this is why people hesitate to post things. Just trying to get some actual conversations going....Sorry for wasting your time to learn something. Thought this was Bigger Pockets Forum....

@Account Closed disregard second part. Subject to got it.

@Account Closed I dont know if that was just wrote up but man that was great read... thank you that makes perfect sense I was about to do a dirty thing ha. i never understood how so many could do the assigning for so long. If i can buy a distressed property outright then wholesale it to an investor is the most legal and secure way is what your saying? 

Another question for you is when you say get it on title what are you meaning. 

@John Thedford thank you I did ask around the area of other wholesalers and they gave me a good lawyer to ask. I have been seeing alot of people getting in trouble in Ohio lately. 

@Jonathan Damon that is what i was looking for. I honestly have had so many different explanations i wanted clarity. I will just walk him through listing him self. Another thought it is a big home and once a Duplex. 6bed 3 ba as of now. With work could be transformed into a nice multi unit. Could i buy from my friend using hard money say 295k then sell to another investor for a diff price? Just an idea.

@Account Closed I have spoken with local legal attorneys that do the MOA all the time with wholesalers. im so lost if so many are doing it this way and its legal then how has everything i have learned on BP back words. 

Thanks for the help everyone. Its hard to tell what works and what doesn't from BP, thats why this was good for me to post here.

Hello I am trying to reach out for a little help or ideas before i continue. I know many of you have wholesaling experience so that is where my question is directed. 

I have a friend that is willing to let me practice wholesaling his house. I am doing a way maybe not done by most but makes most sense for me to explain to the seller (friend). The house is needing no repairs it is a market deal. He owes 210k, home is comping at 315-330k. So far i have this as my plan. Him and i Assign a contract that rights me to list for a fee of sell price paid at closing. I then have a Flat rate broker that i can list with only if i have a contract to do so, theni put on MLS. Once i open title i also have a notarized Memorandum of Agreement with my friend to put a lien on the home for the amount dictated in the assignment contract. Once buyer gets to closing, the company calls to release lien and asks the amount to be released. Then its released from what title company said when i explained this to them. If you can provide any advice or feedback i would be very thankful. Im doing this for him to help him out. I want to learn the process more than anything. Just want a double check. Thanks all and just to save time for some I am currently working on a license.