All Forum Posts by: Frankie Baca

@Billy Runyan 

I appreciate your input and have no intentions on getting involved in the auction on this property as I am not as educated as I want to be yet. Maybe it is something you would be interested in for yourself and you are more than welcome to take a closer look!

On auction.com it has a pdf on the title information. If I understand what you are saying correctly, there is even more than what is on that document that may be a lien on the property and I should visit the county assessor's site for more accurate and up to date information.  From what I can tell based on that document, there is close to $5,000-$6,000 in taxes and money owed to republic services. Also I noticed a lot of the item #'s were "intentionally deleted."

I will most definitely take your advice and continue educating myself before pulling the trigger.  Any and all constructive criticism is appreciated!

Thank you,

Frankie Baca

Looks like the property I was interested in is back up for auction. 

@Josh Caldwell

Thanks for the reply.  

I would most definitely want to do more due diligence before considering an offer but I am happy to hear that it is possible to reach out directly to the bank on an off market property like this!

Hello all,

I'm new to the game and trying to understand how to find good deals in Las Vegas and Henderson for fix and flips. I currently have my agent sending me MLS listings but as stated in the Las Vegas sub forum and a few others, there generally isn't enough meat on the bones to make most of the deals worth it. I haven't given up on MLS but I had a question that I'm hoping someone can help me out with.

I've tried searching for the answer but am not sure I'm wording it correctly. Here is the scenario. 

I find a house that was foreclosed on. The property is easily worth $190,000 ARV. It Is not on the market and I see it went to auction 5 months ago for $132,000 and did not sell. The property is owned by JP Morgan. Is there a way to buy a property like this? Would it be worth calling JP Morgan and offering say $110,000 as it does need some work.

Has anyone had any luck with this in the past? If someone can point me in the right direction I'd appreciate it. 

I know I haven't updated my profile yet and this is my first post but I've just been busy soaking it all in! BP is amazing!

Thanks,

Frankie