All Forum Posts by: Ind Kon

I wanted to bump this. I would like to hear from any investors that have gone through this and/or specially fellow Texas investors. 

Bump

Hello

I came across a seller that would like to sell her property to me via quit claim deed. The deal seems good, almost too good. So I asked her if there any liens, she says there is one for about 5k and nothing else. So I am having title obviously run the title and see if there are any other things that show up. However, because I am not getting a deed from her when I turn around and sell this I am going to be the one assuming any liabilities of anything that title may not have found. Example, like Aunt Susie showing up years later saying ahe actually owns a piece, etc etc or anything else.

Have anybody else acquired properties via quit claim deed? 

How did you protect yourself? Can you get any insurance? i heard this is not possible in these cases .

Please I am open to any ideas or suggestions.

Thank you in advanced!

Thank you so much for all the inputs! I seriously mean this, thanks for your time, to each one of you, that you took out of your busy day to write a response to me. I think I have a plan now that I can follow. We went by the property today and changed some things to give it more curb appeal. My realtor will be holding more open houses this weekend. Thanks again and I will keep you posted!

Ok, thank you all for reading and your feedback.

The property is staged. I went ahead and offered the $1K offer bonus to buyer's agent today if they bring buyer before the end of this weekend & I accept a contract. Let's see if that helps. I think the missing point is that I reviewed again today and most houses seem to stay on the market for at least 45 days but this one that wasn't updated for some reason lucked out and they were able to sell fast at the the top of the market. Not sure how they pulled that off.

Bottom line I am desperate to get rid of this thing and it's causing me to drop the price because I am running out of time. I will look  into refinancing but I don't think I can because I have my own business so I am not sure if banks will even help out.

Thanks again for reading. Hopefully I'll be able to get rid of this property this week. 

I wanted to post this to see if anybody gave me some ideas on what to do to overcome this challenge.

So I bought a house from a wholesaler that needed rehab last Feb, I went through the whole full rehab, the rehab was not easy at all, as I had the misfortune of dealing with two very bad contractors who blew my budget and took way too long to finish the project.

Anyway, I have with one of those 6 month hard money loans and it will be up in the next couple of month. I am completely out of time and now this thing is in the market but it is NOT moving. I have not had any showings and it is listed at the same price ARV that the appraiser gave me when I first acquired it.

I am utterly desperate for a solution, as it's been on the market for 2 weeks almost, and there is simply no interest. The realtor has held an Open House, we've dropped the price twice already, in the description we say that we are super motivated, so people know I am negotiable but still nothing! There is a house that sold nearby, NOT updated, for almost the same square footage that I am selling mine, and mine is fully updated. Theirs has 1 less bed and 1 less bath and those people were under contract in no time.

At this point, at the price that I am at, I am only making just a little bit, which is so depressing because the rehab was so incredible hard, and for buyers not to show any interest, I am in disbelief.

Anybody has gone through a similar situation? How did you get yourself out that mess?

Any ideas in general are very much appreciated.

Thanks for reading.

Ok, great tips. Thank you all for the replies.

Hello,
I am a new investor wholesaler and I have a question regarding direct mail. From what I have researched, it seems that we need to direct mail 5-6 times (yellow letters, postcards, etc) to a set of leads on a list before we can actually see any results.

My specific question is:

Say I have a list called list A with 500 leads from people from specific zip codes that meet my criteria. What happens after I have mailed those people 5-6 times? Do you just move on to another set of zip codes on another list B to mail and never look back? Or after how long is it appropriate to go back and mail again my list A?

Thanks,
Ind