All Forum Posts by: Chris Watkins

Small amendment: there are a smaller number of online auctions through Xome and Auction.com that are REO and are eligible for financing since the title has already been cleared of outstanding liens.

It can also be due to title. You typically can't get guarantee of clean title until after an auction, but the HM lender won't hand over cash to purchase until they can get title insurance, so it's a Catch-22. 

like Jay said, you can use the HELOC as cash to buy the property at auction, then refi with a HM lender if you need to rehab, or conventional loan if it's turnkey.

Assuming the house is paid off and they don't need the money badly, why not a typical seller-finance deal with a small down payment and a balloon payment down the road past their expected death so you can refi and cash out to their heirs? 

Find your local REIA or investor group and send the details to the organizer!

Pace Morby has an interesting take on this scenario here: https://www.instagram.com/reel...

If you can find the down payment through closing and have the seller reimburse you and carry a second-position owner financing note, you can back into a deal with almost zero out-of-pocket cost.

Content creation is the easiest lift for the new AI technologies. The ability to create posts, graphics, blogs, etc... quickly and with little training will help newer social media accounts gain traction. 

I'd love to see custom mailers done based on asset type, location, amount of equity, owner type, etc... be automated based on lists created in something like PropStream.