All Forum Posts by: Dennis Brody

I have been coming across a lot of subject to deal that I can get into for 6-10k (pre forclosure) all in and possibly cash flow 200-250 a month.  I have not done any buy and hold and just curious if this is a situation worth pursuing?

Will the owner have the power to sell the property even if it was included in the bankruptcy?

Does anyone have any advise on how to obtain property from bankruptcy?

There is a personal representative involved. They should be able to make he decision to sell it.

Hello Bigger Pockets,

I am looking for some guidance on navigating short sales.  I am working on a deal where that owner of the property has passed away and has no family.  The home is in bad shape probably worth about 50k as it sits.  There is a mortgage for 80k.  I was told if you can get a realtor to write a refusal to list letter.  You could have a much easier time negotiating with the bank.  I have never done a short sale and would appricaite all the help I can get.

Thank you all,

Yeah its in a nice area.  Thanks for the ideas.

I appreciate the information.  I haven't got a contract on this I am just trying to think up creative ways to convert the leads that I am getting.  I have been getting a lot of action on pre foreclosure lists.  But most of the deals have very little equity.  Any advise?  I've also been mailing inheritance but much less action.  Any other ideas on list I should target? 

Thank you

I have been getting leads that are super thin for a flip or a wholesale, but for a buy and hold they are not terrible.  I was wondering if there was a angle to sell a subject to deal.  Here is the scenario... The property is worth 130k and has a mortgage of 98k remaining, the monthly payment is 800.  The property will rent for around 1000 bucks.  The owner is willing to do a subject to.  The amount to catch up the mortgage and is about 8000 with attorneys fees.  There will only be minor repairs to be rentable maybe 2000.  Would any investor ever be willing to pay for a deal like this?