All Forum Posts by: Everett Marshall

Looking at a duplex for 65k only is tied to the owners house, which has an existing mortgage, however the house isn't part of the deal. Owner is willing to owner finance but how do we structure it being that his mortgage is for all 3.

I would def teach my younger self to not listen to naysayers, and dive in and learn this business. I would be way ahead now had I just followed my heart. 

Thanks I'll ask the agent to see if i can get an extension

My home is mortgaged with QL, even i got the property almost a year ago, i asked the loan officer how soon could i do an HELOC he says 6 months, next month makes a year. I called the other day to get the ball rolling, meanwhile i made an offer on a property $11k, $15k rehab, ARV $60k. The offer gets accepted and the guy calls back to say im not seasoned yet, wait till Aug. Meanwhile i have this property under contract.

Problem #2: I work for my parents, I'm paid cash, I'm a licensed embalmer, i file a loss on my taxes.

Does anyone know of anyone lending or extending credit lines to someone in my position. First time I've done this and i know i put the horse before the cart. Which is why im asking for help. 

so i need a license to do lease options and lease purchase? What if i have invested interest in the property? 

Megan... First off, great job.... Next if your able to find me a deal like that, please send it my way. I'm looking to build my portfolio and that kind of cash generation every month is what I'm looking to have.

Its not too far. I'm in the Jackson area all the time. In the beginning I'll be managing myself, but the plan is to eventually i will have to use a PM as i grow

Hi, I'm getting started in my brrrr investments. I'm under contract to acquire 3 properties (2 with tenants) and plan to acquire 2 to 4 more before this year is over. Next year i want to double that amount, meaning i want to purchase 10 next year. I'm looking for good wholesalers mainly in the Jackson area but I'm open to having properties all over the world if it makes me wealth.

thank you. That's kinda what I figured

I found a property, while driving for dollars, abandoned. Looked up the owner, found out she has passed away, started contacting her heirs and found she has one living son and 2 grand kids of a deceased son. The living son wants to sell and he lives in the same area as the house but he doesnt talk to the 2 grand kids so he doesnt know if they will agree to sell, some kinda family dispute. In conversation he reveals he knows the property taxes are delinquent (which I already knew) and that i could pay the taxes and acquire it that way, because he is dead broke and has no way of paying them. I did more research and found that someone did pay them 2 years ago but they havent been paid since then. My question is how do I go about acquiring the property via taxes if A) the property is in tax sale status and B) someone paid them 2 years ago, Please help with this.