All Forum Posts by: Dustin Mathenia

Update did find owners name but just says T Porter so that doesn't really help 

@Jay Hinrichs 

Thanks for the reply you always seem to find my post greatly appreciated

@Jay Neil

Everyone says it's so easy to look up the owner but everytime I try I find nothing... ...the guy sets he will send me a contract if he does I'll have have to have an attorney look it over 

So I find this deal on FB market place the first house the guy sent me to was a great house but needed 118k in repairs and the numbers weren't there I asked the guy if he had any other properties he sends me to another house in Dallas this house is actually in great shape 155k arv only needs cosmetics windows and new hvac I like it I want to buy it. I find his listing on FB says 75k purchase price ok that's fine look at the kids profile he's 18 maybe 19 he has some post about having a brain tumor asking for money....I tell him I want to buy it here is where it gets weird he says he can owner finance it 90k purchase 15k down $1000 a month 0% interest I've never heard of such a thing but the house would rent for 1300 a month not really cash flowing but it would pay itself off in 6 years so seems like a good deal to me. We go back and forth about the details I tell him I want to do all the paper work through my attorney he says his attorney  has already drawn it up he says he can close today was on a Sunday I told him need to close at a title company he says no we don't since its owner financed 2 questions how do I make sure that this deal is legit and if it's not how can I find the person who actually owns the house...He also offered the first house 0% interest I feel like you would have to own  the house free and clear to do that yes??

@derek burtle 

I haven't done anything with thos yet I'm just holding it for now I dont have boots on the ground in Alabama and have since moved to Dallas to flip houses....maybe when I have the money and time I'll try this owner financing thing but it's like 35$ a year to hold so not breaking the bank and don't regret it ..I've bought worse properties lol ..

@Mark Sewell 

Thanks for the advice that's definitely the plan when I find my boots on the ground 

@Dennis M. I like that are you saying to do that the way it sits right now ? It is far from livable ...but I really like the idea and always appreciate a good book recommendation thank you for your comment 

@ Tarik Abdullah

Yes it is you want it?  Pm me and I'll send you the address 

@Carmelo Jimenez 

I will sell you the house if you want it haha ..you're welcome this site is for learning from other people mistakes 

@Dylan Barry 

Well it did sell but the guy who bought never paid or contacted me so I just kept it waiting for tax return season before relisting it I'll keep you posted if and when it sells 

@matt R. 

I found a bitcoin atm near me so I put a 20 in to see how it works I got 8.50$ worth of bitcoin lol we need more atms a lot more for competition can expect people to use them if you lose 60% of you'e money going in ! I'm sure if I tried to turn my 8.50$ worth of bitcoin back to cash I'd end up owing the machine money lol