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All Forum Posts by: Emilio Basa

Emilio Basa has started 42 posts and replied 257 times.

Post: New Member from Southfield (Detroit) Michigan

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

@Will McCants - Welcome! This is a great place to start. There are so many ways to invest in real estate. I would suggest reading a lot of these forums as well as joining local real estate investment groups. PM me and I can send you some links. 

Post: Note Servicing Companies

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Wow this thread is great! Thanks everyone! I just posted a topic asking for a good note servicing company. :)

Post: Looking for first property

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Hi @Account Closed. I just sent you a PM. I can help you out. 

Post: Looking for Company to handle Land Contact

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Hi everyone,

I have a potential deal where I can buy a duplex at a very good price. I'd like to purchase the duplex and sell it to another investor on land contract. However, I don't want to handle the collecting of the money, writing up the paperwork or more importantly... foreclosing on the property if the investor can't finish the contract.

Are there companies that perform this service of handling the transactions of the land contract (collecting payments, keeping track of payment schedule, etc...)? And if so, does anyone have any references. 

Post: Looking for a lender that will finance $30K duplex

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Thanks @Chinmay J. Do you have a website that clearly and simply explains the benefit of seller financing? I appreciate it!

Post: Looking for a lender that will finance $30K duplex

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Hi everyone,

I'm looking for some advice or some possible references. I'm talking to a seller now that owns a duplex that is generating $920/month in rent. His asking price is $30K and this is his last property before retiring. I'm going to try and work out a Land Contract, but so far I'm having a hard time finding a lender that will create a mortgage on anything lower than $35K. 

Does anybody know of a lender that will help finance this deal for me? I have money I can put down for a deposit and I have a good credit score. Thanks for your help!

Post: Tenant not paying water bill

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

It's good you're paying attention to this now. I had an out-of-state owner that owned a rental in Pontiac (suburb of Detroit) and found out that she owed THOUSANDS on her water bill. 

Post: Roof company needed in Ferndale, MI (Oakland county)

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Hey everyone,

Does anyone have the contact info to a great roofing company in Oakland county? I have a garage roof that needs to be replaced. Thank you!

Post: Real Estate Loans

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

Hi Michael. I just emailed you. I have some questions. 

Post: Real Estate Agent in Livonia, Michigan

Emilio BasaPosted
  • Wholesaler
  • Sterling Heights, MI
  • Posts 335
  • Votes 105

@Juan Rivera - Can you PM me some more details about the SW Detroit property?