All Forum Posts by: Chris Hansford

Get a hold of Drew Keller! He is a beast in the Indianapolis area! No one out hustles Drew!

@Mike Bhak

Considering they have frozen the ability to even acquire a passport in the US at this time tells me this is currently not a good idea.

@Nikki Closser

Can out of state individuals sign?

@Aaron K. The more I read it myself the more I see that too...

So I am new to Real Estate and always looking for unique ways to make money.

A good friend of mine messaged me with a “special circumstance”.

What would any of you do in this case?

Would you do it, what terms would you do it under, and how would you fund it considering it is outside of your personal niche/goals?

This is what he wrote:

To give you a basic idea of what's going on, I'm dealing with some shady **** with my current lender which has put me in a tough spot. I need to get out from under them before march before I lose all my equity.... but due to the fact I just went thru chap. 13 I cant refinance until sept. 2020. We qualified for a fha loan but my current crooked lenders wouldnt cooperate with a payment history so that fell thru at the last minute. So I'm looking for someone to purchase my house for 75k, rent it to me til September and then sell it back to me for 100k. Once I can get my loan.....or until we sell it. I have contacted a realtor and they said they could get 181k out of it but that requires more time than I have.....thus the search for someone who wants to invest in me that I can trust not to run off with the house. Just chew on it and when we chat I can fill you in on more details.

Is this legal, and is it worth 200.00 per month cash flow and $25,000 in Sept. 2020?

So I am new to Real Estate and always looking for unique ways to make money.

A good friend of mine messaged me with a “special circumstance”.

What would any of you do in this case?

Would you do it, what terms would you do it under, and how would you fund it considering it is outside of your personal niche/goals?

This is what he wrote:

To give you a basic idea of what's going on, I'm dealing with some shady **** with my current lender which has put me in a tough spot. I need to get out from under them before march before I lose all my equity.... but due to the fact I just went thru chap. 13 I cant refinance until sept. 2020. We qualified for a fha loan but my current crooked lenders wouldnt cooperate with a payment history so that fell thru at the last minute. So I'm looking for someone to purchase my house for 75k, rent it to me til September and then sell it back to me for 100k. Once I can get my loan.....or until we sell it. I have contacted a realtor and they said they could get 181k out of it but that requires more time than I have.....thus the search for someone who wants to invest in me that I can trust not to run off with the house. Just chew on it and when we chat I can fill you in on more details.

Is this legal, and is it worth 200.00 per month cash flow and $25,000 in Sept. 2020?

@Joshua Gordon I would go ahead and agree, put their entire year payment into a money market account, and pull from it monthly to cover bills and expenses...this way if something “comes up” and they try backing out you’ll have it set aside and won’t be an issue retrieving it since it will be liquid.