All Forum Posts by: Chris Tiller

I was driving some neighborhoods and found a great vacant property. I had my realtor pull some information from the MLS only to find the listing had expired. It is believed, by me, that this was a short sale situation. The only paperwork on the door was for an asset management firm. I think this property may be in pre-foreclosure and will be heading to auction. How would I go about attempting to purchase this property prior to an auction? Would calling the property management firm provide me any ideas as to who the owner is? Should I stick to just running a title search?

Thank you all for helping me with my first step. My wife and I are really excited and really want to immerse ourselves in this venture. We greatly appreciate any and all advice. I hope to be interacting with all of you on a more regular basis as we become more active.

My wife and I are just starting out in Omaha, NE as real estate investors. We would love to get to know as many people in the Omaha metro area. We are open to other investors, agents, mortgage brokers, private lenders, and the such. Please contact me if you would like to know more about us.

I am currently looking to try to assign a house in Omaha, NE. It is in an older, lower income part of the city. It is a 4/2 2-story, 1742 sq. ft. brick SFR. The intreaging part is the the owner also owns a vacant lot rignt next to the property. This brings his property to 100'x150'. I had my realtor pull information for the property, $90k. The assessed value of the vacant lot is $12,500. Below is the items that need fixed.

The roof has some shingles that need replaced.
The privacy fence is missing for a about 12'.
It needs interior paint all around and around the exterior window panes.
The kitchen has to be completly redone. The gas range is butted against the wall and creating a burn mark on the wall.
Patio awning needs to be replaced.
New exterior doors.
New garage door.
Some concrete/brick work around the front steps and in the driveway.
Replace glass in window on enclosed porch.

The owner does not currently have a mortgage and is looking to relocate to California in a couple of weeks. I am trying to get this under contract for no more than $53.3K with an initial offer of $45.3K. He is currently asking for $140K.

Is this a good deal for me to try negotiating?

My wife and I are just starting out. We're looking to wholesale properties. We're ambitious and excited. We want to help buyers locate properties at a good deal and in an expeditious manner. Any assistance on being able to locate national/local buyers is greatly appreciated.