All Forum Posts by: Tyler H

Has anyone here has success or heard of success from others who keeping bank from attempting to foreclose on their home using this tactic.....asking banks to provide original notes?

Really, mortgage is wiped out? Why don't then the mortgage company/lenders have someone monitor these tax liens so they can bid when it is time of the auction?

Brian,

I am thinking of working on wholesaling or tax sales. Do you know of any reputable mentor for these 2 categories?

Congratulations Rich and Will....and the secret BP wholesaler! If you don't mind me asking Rich, what are the fees for your transactional funding?

Thanks for the reply. I will take Sharon and Eddie advise and have a realtor pull comp on this.

I would like to know any of you know of a good shortsale negotiator? In Washington would be a plus. I read from one of the member (Brian I believe) mentioned of a company that does it without taking upfront fee. I email him but the email got returned.

I know this deal will not net me much if any at all, but this will get my feet wet and provide excellent learning experience.

I just spoke with a friend yesterday. She has decided to let her house go. She bought this 3 years ago at 100% financed for $230K so definitely under water. It is in Bremerton, WA which is much less value than Seattle area. I think it is worth about $160K????????

What should I do next if I want to wholesale this? Please help...step by step advice would be great. I will follow it to the T's. Thanks in advance.

Brian,

How can I find out about mentor on BP? Is there anyone you would recommend? I am very eager to learn and want to make $.

Jon, I am interested in how you made "average of 15K on REO wholesale"? Wouldn't most investor already have realtor who scout the MLS for them for deals. So if it is an REO listed on MLS could you elaborate a bit on how you can wholesale that? Example from 1 of your deal would be great!!!!

quote=Jon Zorrer]You see bigger pay days when you close on short sales. BUT REO's are quicker and we are seeing nice spreads. I think both are very profitable. The thing is I can make an average of 42K per short sale in a 3 to 6 month period on average or an average of 15k on an REO wholesale that take 30 days. So I love them both!

Jacque or Tim,

Have any of you flipped home using technique taught from Steve's course? If so, can you provide some details? I searched the net and seemed like the course is $297, which is way cheaper than most other gurus. Seemed to good to be true? I have money or access to money but I don't have time to go thru too long material. Just want to see if you actually done any deal from this and how long it took you to do it. Thanks.

I have been reading this Forum the past few weeks and really need some advice. Because of my honesty and trustworthiness in the last 7 years in business, I have family and friends who have money that want to partner or invest with me. And I am not talking just a few thousand dollars. I could get at least $50-$150K if needed as long as I can show them how I will profit using that money. Just an example last month, I borrow $35k from my friends no questions ask as long as I paid her back in 6 months.

Here is my dilema: I want to make money in this real estate market NOW! I have cousin realtor and best friend in mortgage lending but my credit is crap plus I already have 3 rentals (all under water btw). I read about shortsale, wholesale, tax liens etc. Infact the reason I found this EXCELLENT website was doing a search on DC Fawcett. I was turn off a bit when found out that he will only work with student who paid $5000 for his program. I don't mind spending that much if I know he can surely deliver! I am a businessman and know I must invest in order to make $. I then found out about other gurus: Than Merril, IFLIP, Loik, the tax guys and more. So now, I am a bit confuse as to which route to go about starting this business. I think I like the shortsale but DO NOT like the negotiating aspect cause I don't want to go thru trial and error when others are raking in the $$$ as I type this. So I need to get off running immediately. Can you guide me? Should I attend one of the gurus bootcamp? If so, which one? I thought of partnering with friends and family to buy cash property, fix it up and sell it. But in my market, Seattle Washington, you can't find homes under $200K and the cost of fix up plus take time to sell. On top of that I know my family and friends do not qualified for conventional financing either. Like me their credit is shot or have mutliple properties too. I need to make $ and make it soon but how?

Infact, if there is an investor or good shortsale/wholesaler in my area who can teach me the rope I don't mind to split using my money (actually my family & friends) on our 1st deal. But I want to make $$$ and lots of it. I am tired of hearing people make money in this market and I don't.

Thanks for reading and await any advice. This is one of the best forum on the net so keep up the good work everyone!!!!!