All Forum Posts by: Christine Garnier

Thank you for the tips Stephen, I appreciate you. 

Hi Everyone,

I am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect... I negotiate at 70% ARV so the deals I bring are solid and I'd love to work with one single corporate cash buyer that is able to close on several deals a month.

The issue I have is that I am struggling to find serious partners to work with. When I started, I  submitted great deals to a corporate cash buyer,  they went behind my back and secure the deals with the sellers, after the  contracts expired. The next one was also a corporate cash buyer and after our second call, the acquisition manager confessed to me that he just got the job and asked me if I could train him on how to evaluate a deal!!!

Then, here comes the icing on the cake...

I answered to a few corporate cash buyers ads who needed wholesalers, some do not even answer. Then, I spoke with several acquisition managers with very limited knowledge on how to evaluate a deal but this time, the company they were working for was sued by multiple homeowners for fraud. When doing a full due diligence on these companies, I found out that their trustpilot rating was 1 star and read several lawsuits filed against them, by multiple homeowners. I will avoid sharing names, some of them contacted me here on BP, so they know who they are. 

Some go out of business. The last one I dealt with for the past two weeks, is a large corporate cash buyer that just admitted that they need 90-180 days to close on a deal!

My questions are:

1  - How do you find a reliable corporate cash buyer to work with? Is it better to be  referred to one than to continue wasting time looking for one?

2  - I often read about some wholesalers lack of knowledge and I must agree that sometimes, it is very true. However, what about these corporate cash buyers that lack integrity, knowledge and professionalism? Can we talk about it?

I'd  love to hear your feedback and experience if you have any. I also understand that some cash buyers, unlike many of those motivated by greed, are honest and knowledgeable, however I find it difficult to identify them.

I am a professional property/land locator and wholesaler and I am looking for serious partners to collaborate with. If you are a serious investor or an established investment company, please feel free to contact me. I locate all type of properties, including commercial land, buildings and hotels nationwide. I do full due diligence on all properties so you don't have to.  Please PM me for more details. 

Hi Hector, I just sent you a message.

Hi Amie, I just sent you a message.

I am a professional property locator and I am looking to work with established real estate investment companies or serious real estate investors who are already making multiple closes a month. I am also specialized in wholesaling properties and large land lots and I can bring the exact properties the investors are looking for. Prior securing a deal, I also perform a full due diligence on the property to avoid any potential issue at closing. Feel free to contact me for more info.

Denise, I bought several tax liens last year and had first right of refusal this year, so I was able to buy the second tax lien for the parcels. Do you know if the first right of refusal is maintained under the new law? 

 Thank you so much for the information Denise. Alabama tax lien investing looks less and less attractive as time goes by. The certificate system was one of the greatest investment in AL. Now to think that we would have to wait 4 years after the first tax sale where other states allow a foreclosure action to take place between 6 months to 3 years, is disappointing and will surely impact tax lien investments in AL. One question remains: how will the "over the counter" tax liens that did not sell at tax auction be processed? If one buys 3 OTC tax liens, can one foreclosure on the property right away?

 Thank you so much Denise, so the new law you are referring to is HB. 270, correct? It mentions that an action of foreclosure can be brought after 3 years from the tax sale date but are the 3 tax liens certificate required also? I am trying to find out if the foreclosure action can be initiated after the 3 years, with only one or two tax liens certificates?   

 If I am not mistaken, the reason why it would take so long to get the deed after a tax lien foreclosure in Alabama is because, the court will also quiet the title for you. This is truly specific to Alabama because other states like Arizona for example require that a separate quiet title action is filed after the foreclosure action.