All Forum Posts by: Chad Raggio

J Massey cashflowdiary (google it). 

Tell him I sent you. :)

Has the HOA already passed this?

Have you already leased the house?

Why are you leasing it? Are you wanting to keep it as a rental, or were you wanting to sell it but couldn’t? 

- You can use the mailing address from the property tax / County Assessor's site to mail them a letter. If the mailing address is the same address as the house and it is vacant, send a postcard to the house and put "Return Service Requested" on the mail to ask for the new forwarding address.

- "Skip Trace" the address to get the owner's public information (from several unknown data sources) There are several companies / applications that do skip tracing. Search BiggerPockets for more info on that.

- Knock on all of the neighbors' doors and ask if they know anything about the house or the owner or how to contact them. 

@Josh Anderson I went to the weekend Rich Dad seminar a few years ago and came out feeling the same way as you - ready to get going in real estate. They wanted 20k+ for it. There are better free learning opportunities on here than Rich Dad and also better places to spend your money - actually investing in real estate, than in an out-of-state education that is not specific to your market. I appreciate Rich Dad for getting me motivated to invest in real estate, but I spent some $ on lower cost classes with Rich Dad and regret it. I've educated myself on many real estate strategies through other avenues. Before biggerpockets came along I also sat through many guru's pitches and walked away mad because they had the information I wanted, but wanted me to pay money I didn't have. Feel free to ask questions! Check out the beginner's guide to investing on here too. Listen to all of the podcasts! 

@Rodney Byers Did you figure it out? If not let me know. We can find someone that can do it. 

I listened to the BP Podcast show 70 and was excited about strategies they mentioned.

I’m in Birmingham, AL and know the local real estate network pretty well. I’m having a hard time finding investors I can work with that know how to do the combination of these strategies. They can do subject-to but they do not combine it with wrapping the mortgage and selling it owner-financed.

I can definitely find motivated sellers where subject-to is the best option. However I need help creating a wrapped mortgage, and selling owner-financed (I can find buyers too). In Alabama we typically have a closing attorney. Would they create the paperwork for the new (wrapped) mortgage, close with the new buyers, and file paperwork with the city/state? How would the title search and title insurance look, and what else is involved?
Are there any Birmingham Alabama investors on biggerpockets that would know??
I have thrown away several deals that this would work perfect on.

Thanks!
- Chad Raggio
[email protected]

CASH ONLY

170,000-180,000 After Repair Value
88,900 purchase price + 40,000 repairs (high estimate) = $128,900 invested
Sell for 170,000 (low price) = $41,100 PROFIT!!!

(please make your own estimates - this is a good deal any way you look at it)

1705 Woodview Cir, Pelham, AL 35124

http://postlets.com/s/1705-woodview-cir-pelham-al-35124/10374162

Chad Raggio
Plan B REI
[email protected]
205-547-0205

For sale at $62,000 - Cash only. Excellent fix and flip opportunity!

North of Birmingham, AL

769 Chestnut Dr, Pinson, AL 35126

http://planbrei.com/propertydetails.aspx?pid=7785&sid=13803

$18,000 Cash only. Investors special. Could easily rent for $650 per month.

http://planbrei.com/propertydetails.aspx?pid=7784&sid=13803