All Forum Posts by: Braden Souder

First of all this house is in foreclosure in FL and is going to sale This Dec 7th so not much time. Loan is 101k not sure about the back payments yet. Prob about 2 years behind. Also an IRS tax lien most likely attached to the property about 28k but I'm not worried about that right now. ARV is 170k-240k. I know thats very broad. Sorry. Needs minor repairs. Has been completely rehabbed in the last 5-10 years. I know there is a deal here I just have to figure out how to structure it. Can I stop the sale if I bring the payments current or does the loan need to be paid in full now?

Not enough in the deal to wholesale. I think the exit strategy would be to buy and sell with owner financing. I didn't even ask her for owner financing, she just offered it, and I haven't tried working on the price yet.

Any better suggestions on exit strategy? I could also do a lease option or a work for equity if it needs repairs. The Value is correct tho based on the address she gave me and my comps. I think I could get a little more if I sell on owner financing.

Without really talking to the seller she mentioned on the voice mail that she's willing to take 70k and its worth about 80k and shes will to seller finance. Not sure of any repairs. I'm guessing it prob needs a little cleaning up. Haven't been able to talk to her on the phone. If I sell on owner financing I could prob get 85k for it.

Haven't tried talking her down on price yet. Any suggestions?

I think it would be a great idea to list or come up with the best closes to get the deal. Here's a couple from gurus.

This is fron Sean Terry
“Listen Mr. Seller, I only have limited funds to purchase properties. I had some cash free up this week for me to buy one more property. I have several more appointments this week and I can’t guarantee that I’ll buy your house if we can’t come to a decision today. I'm sure you can understand. So are you ready to move forward and get this property off your back and get some cash in your pocket, or am I going to have to buy another property this week. Because we can’t come to a decision?”

This is from Joe Mccall
“what are you gona do if you can’t sell it? Are you gona rent it? What if I could show how to lease your property to someone who will buy it and will take care of all the repairs, and then buy the house w/o you having to pay any realtor commissions. Is there any reason why we couldn’t do a lease purchase today?, or what would you want to do then?"

I know a ton of you guys come across this so how do you make it work? If you can't find a buyer that wants to keep the tenants in place how do you sell it?

I have a seller who wants to sell but has a tenant renting the property. I don't have any solid numbers yet but it will prob be a sub2 or lease option deal. How do I nicely get the tenant out so they don't trash the property? So I can get some money out of this deal sooner than later via new buyer's deposit.

I'm prob going to end up buying a few properties over 1 hr away from where I live. I can prob sell w/ owner financing or lease option. I don't want to drive over an hour every weekend and a couple times a week to replace bandit signs. However I have to stay "on the cheap" also. What do you guys do or recommend that you've had success? Of course I want them sold or occupied asap.

This is a great question one that I'm curious of myself and have asked several times. Here are some that I've found so far-

"sell your home", "sell your house fast", "selling home", "sell house fast", "selling a house", "sell house for cash", "sell house", "sell my house", "for sale by owner", "FSBO", "stop foreclosure", "sell a house fast", "sell your house", "we buy houses for fast cash", "we buy houses", "we buy houses cash", "we buy houses fast", "save your credit", "save your equity", "bankruptcy", "paying cash for house", "homes for fast cash", "cash for homes", "buy homes for cash", "cash for your house", "rent to own", "buy a house", "buy your house", "buy my house", "lease to own", "lease option", "lease with option to buy", "save my equity", "cash out equity", "sell my home", "sell my house", "sell my house fast", "sell my home fast", "for rent", "for rent by owner", "FRBO", "save my credit", "preforeclosure", "pre-foreclosure", "pre foreclosure", "short sale", "tax sale", "probate sale", "divorce", "death in the family", "inherit", "take over payments", "owner financing", "creative financing", "relocate", "relocating", "relocation", "job relocation", "moving out of state", "absentee owner", "vacant", "vacancy", "tenant", "prequalified buyer", "pre qualified buyer", "pre-qualified buyer", "landlord", "land lord", "eviction", "evict", "evicting".

Anyone else care to add some?

What do you guys think are the best keywords/ phrases besides the usual "I Buy Houses"? What has been your experience?

Can you be a multi-member llc taxed as an s-corp even if its only yourself (1 person) in the business?

So what is the answer to this? What do you guys think is the best tax strategy to tax an LLC?