All Forum Posts by: William M.

I just got a call from a lead today from a bandit sign and they own a townhome they are wanting to sell. If only it was a SFR. I don't have any buyers for these types of properties. I told the seller that we aren't currently looking at townhomes but I would follow up with him to see if this is something we could do. Any advice?

Property Information (Per County Records)-

-Address: 1515 Bolton St, Winston Salem, NC 27103

-Beds: 3

-Baths: 1.5(Can be converted to a 3/2)

-Sqft: 1,843

-Year Built: 1957

-Style: RANCH

-Foundation: MASONRY

-Frame: FRAME

-Exterior: BRICK

-Lot: 0.37 acres

-REID: 6814867598000

-PIN #: 6814-86-7598

-Heating: Forced Air(Baseboard heat as well)

-Cooling: Central

-Floor: CARPET-HARDWOOD

-Roof Cover: Asphalt Shingle

-Roof Type: GABLE

-ARV (Based on avg. price/sqft. of $105): $193,515

-Comps are the most recent 3/2 comps that are no more than 0.5 a mile away from the property. The property can be converted to a 3/2.

-Repairs: $45k-$50k

For Pictures, Comps, & SOW-Click Here

Video: Click Here

Bonus: At BuilderzWarehouse.com they sell everything from baseboards, vanities, faucets, lighting, sinks, quartz slabs, porcelain and ceramic tile, shower sets, lockets, doors, and much more. They get their products from the same manufacturers that Home Depot and Lowes does but because they directly focused their market on buyers that will be buying in bulk they typically price their products 40-60% less than Home Depot and Lowes do. Please utilize them to bring your cost down further.

Thank you guys for all the good responses! My goal is to find buyers who buy in good volume and can close fast. That seems to be my biggest issue. I need great buyers in NC.

 Thank you Davian! I figured that, you know? I got totally confused when he called and left a voicemail. The thing is, this buyer buys homes all over the country. So I want to make this work. 

I have an out-of-state buyer for a property in NC that told me that they don't do assignments or double closings? So how do I make this work?

 So you're saying the $93,000($90,220) is roughly the remaining balance, right? Is there a free way to look up the mortgage balance for a property, or the cheapest way possible? I'm in NC.

Just received a call yesterday about a FSBO I mailed too. But the owner wanted too much for the property. Potential motivated sellers are getting the postcards but some aren't that motivated. I've gone to vacant proprieties I've mailed to and have found my postcard in the mailbox just to see if they received it, lol.

I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:

Mortgage Information      ^

Equity percent:

48%

Mortgage amount:          Mortgage term:

$93,000                             0 year

Lender name:

First Horizon Hm Ln

Assessed value:

$178,800

I'd like to know if the Mortgage Information on the app is accurate? I am trying to find the remaining balance on a property that is in pre-forclosure. Is the number under the "Mortgage amount" the remaining balance? The property was originally purchased in 2004 for $173,500. Here is how it appears on the app:

Mortgage Information        ^

Equity percent:

48%

Mortgage amount:        Mortgage term:

$93,000                            0 year

Lender name:

First Horizon Hm Ln

Assessed value:

$178,800

 Same here.