All Forum Posts by: Matt Mathews

The most important thing that I can suggest to you is; Go over and above board with your due diligence. Getting clear title should be your number one concern. Also, have the lots been partially dev. Utilities, pads, etc? If so! chances are the property taxes haven't been paid in a while. What stage of development are these lots in? What liens or changes in demographics has the city made-if any? Go to city hall and talk to the city planner if you haven't already done so. Buying raw land in a emerging market to resell to developers is one thing. But Pre-developed land is extremely risky unless you do your home work. Also, one more thing! Ask the city planner if any Contractors and or developers have recently inquired about those lots. If so, get their number and pick their brain and maybe network with them. I'm currently working on 4 REO lots right now, What I'm finding out is exactly what I'm saying here. Good Luck!!

Rich,
If I didn't know better, I would be thinking that you read my blog posts. Looming Double Bubble parts 1-2-3. The hand writing is all over the wall on this one. Enjoy your trip! Arthur Fromer would be proud!! Did I spell that right??

You need to talk to a Broker who deals in HUD Foreclosures. They have their own set of buyer rules. Personally, I've never heard that US SSAN is required to purchase real estate in the US. 80% of 2nd home buyers right now are outside the US. Hud.Gov will get you answers!!

How to Sell your Home for top dollar in 30days!!
Offer Great Terms!!!!
Seller financing, Lease Option, Private open house auction!

This would not be a legal transaction-especially here in Ca. Check out Attorneys General Web site. Scammers are everywhere.

Go to that cities web site. They should have a over lay of all war zones plus areas that offer Investors $ to rehab communities. The states you mention will be receiving Fed$ shortly under new bail out plan. Ca., Nev, Fl., Mi, etc. Monies given states are to be used for rehabbing neighborhoods and communities.

Ca. now has laws in effect that deal with this type of scam. Go to Attorney General Web site. While you at it, report the Company, so we can get these scum bags off the street. Get professional help if you want to sell and/or modify your mortgage.

Hey Rich,
I think you spelled ADVISOR wrong! Can I use my Facebook Badge here?
Matt Mathews-RE. ADVISOR!

Marcus,
With 23yrs experience rehabbing properties and being a landlord seems to me that you already have everything you need to be successful in wholesaling prop. Find the deals(just like the one's that you have owned) then tap into a network of Investor buyers. With your knowledge and experience about what makes for a good deal is 90% of the wholesaling business. The other part is in tying up the property then assigning the deal to a Investor for a cash (finder fee).

Just another day in the life of BP! They seem to be coming out of the wood work! That was a rehab joke!!!