All Forum Posts by: Carlos Fernandez

Thanks for the detailed response Jeff!  Much appreciated!

When researching foreclosures in my county, I notice Zillow, Redfin, etc. says "Pending" with the property.  But the property is still listed as a foreclosure next week.  Is this because they are most likely trying to do a short sale on the property?  If it is still listed as a foreclosure on the date of foreclosure is it safe to say the short sale did not go through?

Thanks

Hi Jonathan,

Do you actually still use the 1%, 70%, and 50% rules when looking for properties or have you move past this?  Are these rules mostly for novice investors, or do experienced investor such as yourself still find them useful? Of the three, is there one you have found more useful than the others?  Is there one you would rather not use?  Thanks!

 Thanks Jonathan.  I sent you a note.  Thanks again.

Thanks Jonathan. I am actually a potential cash buyer using a self directed IRA Account and a HELOC I have in case I need it. All I am looking now it to meet wholesale sellers in my area (South Florida/Florida). I know I must pound the pavement to find the quality wholesalers that will get me started. I just don't who what pavement to pound.

Hi Jonathan and thank you.

My questions is when it comes to buying a wholesale property, I have searched and found folks that offer their services.  I follow their leads on Facebook and have also subscribed to their wholesale listings that they email me, sometimes daily.  What I have found is that the vast majority of those listings are in terrible areas.  I also found their sales prices and those I do comp research in, are not that different.  In short, when looking for wholesale deals in decent areas, do you recommend using these services that promote themselves as wholesalers, or are the best wholesalers the ones that you find by word of mouth in speaking to other investors?  Do the big wholesalers deal with certain known investors and then try to dump their non-sellers in bad areas on the rest of us?

Thanks