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All Forum Posts by: Denzell Hawkins

Denzell Hawkins has started 2 posts and replied 14 times.

Post: Warranty Deed issues, Is there a way around it ?

Denzell HawkinsPosted
  • Investor
  • Houston, TX
  • Posts 16
  • Votes 10

I currently have a property under contract, the "owner" that lives there got the home transferred to him via quit-claim deed. But we need a special warranty deed signed by the initial owner, since it was never warrantied to the occupant currently there though he's been in there 4 years.

Is there anyway other way to get it done it the occupant doesn't want us to send a mobile notary to the previous owners ? Or is he up to some shady business ? (which I'm starting to feel).

Thanks in advanced

Post: Why don't wholesalers do simple rehabs for bigger profits?

Denzell HawkinsPosted
  • Investor
  • Houston, TX
  • Posts 16
  • Votes 10

@Chad Griffin

A quick nickel as opposed to a slow dime. Plus you don't take on any liability nor loss of profit by underestimating or having to unexpected pair costs. 

Post: Can you work around Reverse-Mortgages ?

Denzell HawkinsPosted
  • Investor
  • Houston, TX
  • Posts 16
  • Votes 10

@Account Closed That's the case in both, I conjured up a pre-fc list and these are both Estate cases. I have a resource to handle the funding, but that does hike up the initial all-in costs tremendously. 

Post: Can you work around Reverse-Mortgages ?

Denzell HawkinsPosted
  • Investor
  • Houston, TX
  • Posts 16
  • Votes 10

I have a 2 deals that I'm looking for creative ways to structure; but thru Propstream and the residents themselves, I see they've had reverse mortgages taken out on them. Neither have more than about 43% equity currently in the property.

What ( if any) would be a good way to approach these to make it a deal ?

Thanks in advanced.