All Forum Posts by: Joe Tellez

So found a vacant boarded house and went to county website found out owners names..googled around and found out they are both dead...so now what?? get a hold of the children? If so how do I find out their names to start looking for them? Or is there another way?

Ok so me and  a jv partner have a agreement on which profits are split 50/50 i get the deals and do the foot work, he does all the paperwork and funds if he has to..we've closed 5 houses together..the way we got these houses was from my website or people replying to my craigslist ad..so im stuck right now on what to do..theres no income or activity going on and i need more money and want to work more but still only 1 yr old in the business and dont know what i should do..how or what should i do until the next person emails or calls me from replying to craiglist ad or from my website..should i be searching preforclosures in my area and find the owners and asking if they want help to save their credit and get houses that way..or should i be searching around zillow..craiglist...other wholesalers and looking for deals that make sense ..or what else is there i can do cause im sure everyone will say those 2 things i should be doing but whatelse can i do lol..just confused and lost and need guidance..tryin to not ask help from my jv partner just cause they have a million things to do and my problems is not one of them i want to add to their list. thanks guys for any help

he only had 1 teacher ..and they are more famous and known than you or me so i guess thanks..didnt come here to fight with people or be insulted..thanks biggerpockets for a nice place to ask for help.

*BUMP*  lol

Ok so I am new to REI but have had a couple things close..all with the help of a JV partner who is a broker/investor them self..I have a website which I advertise my business on craigslist and other places which got me 1 that we wholesaled..and found a vacant property we tracked down the owners daughter to and that one wholesaled and then had a person who sells me leads sell us a probate one and that got wholesaled...my partner does all the work as in paper and title/contract/closing ..all of it..im basically bringing the deals and doin the foot work and im a ghost on contract..we split 50/50 ..the money has been great but im to a point where its not enough for me to make my own moves..so rather than waiting for people to call me im looking for REOs and foreclosures and looking for ones that have big equity gaps and when i find one i want to get it then either wholesale or rehab it and do this a few times taking little chunks of money and saving it until i get a goal of 50k...my problem is the money part..i can use my partners private money who is asking 12%annual interest and the money wants 50% of profits ..which would leave the other 50% for me and my partner to split and id probably stay being a ghost and being quiet OR do I just go get my own hard money loan and break away from him and start taking all the risk...no risk no reward i get it but if i continue to do it the way i been doing it then i'll be little more on easy street until my goal is met. 1 down side is time..i think my partner is treats me more like a option rather than a priority which I understand but I dont get questions and things done as fast as i think they should get handled. what do you guys think?