Ok guys and girls, here is where we need your help. I don't know if anyone remembers the situation we stumbled upon but I will do a short recap.
My husband, Dan, works with a guy who's sister worked for Wren realty here in st. louis. Rob Wren (owner) offer us a nice deal. We find the houses, he buys the houses, we fix the houses (with Rob's money) and rob sells the houses. Splitting the profits down the middle. Basically he putts up all the money we put up all the time, energy, and sweat.
I have found numerous pre-foreclosure properties with good returns (at least 25,000.00) and he is not acting on them. I have spent 100's of hours finding these properties and dealing with the frantic homeowners. I have also spent a bunch of money sending out letters and getting the legal papers sent to my home so I may be the first to get the letters to these homeowners. I have also found a very good system to getting these homeowners to call me. If any one would like to here my system please feel free to ask. (as long as your not in the st. louis mo area) that is.
My husband and myself are very serious about this business. We have 7 children and are looking to provide them with a better life. And also a good education. I am a stay at home mother and had my real estate license and I am looking to get my brokers license so that when we have enough money we may do this on our own. We can not get a loan from the bank to do this on our own because of past credit problems.
Here is what we are looking for. Basically the same deal. We are even willing to sign a contract to make it legal if that is what it takes. My husband has access to lots of building supplies to reduce the cost of rehabbing and has lots of friends that are plumbers, elect., drywallers, tapers, landscapers, and also concrete guys. We have a very large network of people who are willing to help us to get this "business venture" going. And work for free, beer, or very cheap and will wait to get paid until closing. We need someone who is very serious, and will work quickly to get these properties. In Missouri the foreclosure process is VERY quick. It is only 20 days on non-judical foreclosures. So we have to work quick.
If you know of anyone that fits this bill please let me know. We are getting desprate and we feel as if we are banging our heads against the wall again.
