All Forum Posts by: Jonah Wilson

I've run into a dead end. I can't find any heirs to this property. The city started citing the property for grass violations. Is a Quiet Title the most effective way to pursue this?

Where would you go to learn more about the Quiet Title process?

Thanks Chris K.

I can't seem to figure out the transfer tax when recording a Quit-claim deed. The purchase was subject to the mortgage and it appears to fall under the confirmatory deed rules which makes it tax-exempt. The coronavirus has closed the office so the advice is limited. Is anyone familiar with the PA transfer tax when purchasing subject to a mortgage?

I have received the deed from a home in BeaverFalls PA. The home has a mortgage from 2005 represented as IndyMac. IndyMac has transferred to another bank in 2009 which was purchased by another bank in 2014. IndyMac is infamous for "Liar Loans" and suffered as it was arguably the epicenter of the crash of 2008 due to its 13billion impact. My question is how to approach this new lender in California if its a possibility they are unaware of the mortgage? Would this be worth challenging for adverse possession through the court to identify the note holder?

( I Just realized the description above is not for the long part.)

My goal is to start renovating and fix and flips I just have credit challenges, I'm willing to put the deed up to start renovations or partner with anyone that's familiar with the oil and gas industry. The Airbnb is 300 weekly and 1300 monthly in the area for Moundsville, WV. The other one is in Beaver Falls Pa near the Shell plant. Please advise or point me in the right direction if possible. I'm currently getting my credit repaired as well, only at 523 as we speak.

God Bless!

I jumped in this head first and let the excitement cloud my judgment. I've already had 2 conferences with the city council and Dir. of the Economic Development. The approval was given prior to the meeting, however, the meeting was for a request for a business plan. Needless to say, this was my first business plan and I promised a plan within 2 days without even having my estimates ready. I printed out an unedited business plan and took it to city hall, only to realize my table of contents were out of order and to save face I put a note on the back stating this is just a rough draft and I'm waiting on actual estimates. Hindsight is showing I'm very inexperienced when dealing with the city on projects. 

After meeting with the contractors for the 3rd time they are requesting a blueprint, lesson number 48, get an engineer to draw your blueprints. After agreeing I would have the blueprints ready within hours I send a nice blueprint that I drew up and paid a VA to "Autocad" it for me. Turns out that's not even close to what he needs, he requested this neat thing called "measurements". I started at 7 am with this blueprint and it's now 12:16 am and I'm finishing half of the 1 level building.

I should have reached out to someone experienced in this area before showing my inexperience in front of important people so before it gets worst is there any advice or pointers someone can give? I'm open to any guidance.

I have no idea to secure funds if I have to put some skin in the deal, hopefully, since its, some kind of grant it won't require any money down. Whats my next move?

Lost in Dallas, Texas.....

I have an out of state deal with a seller, we have an agreement that takes effect after a lien expired in September. I'm working on a project for the city of Dallas and totally forgot about the agreement from last year in Wichita. I haven't had a chance to visit the property or see it until today and it looks like some squatters(and their dog(s) have been camping through the winter ( God bless them), however, I need to get the wheels rolling on this home. Should I pay off the balance of 8k and look into hiring a contractor and management team or should I turn over the project with it being down to the studs? I'm not familiar with that area enough to assign a house mid-project, I've honestly never heard of that being done. It's still a good deal,  the current market is at $88/sqft. according to analysis. Anyone familiar with Wichita? If so is it a buy and hold market? What would you do?

To avoid my post being removed or being asked for $19 let me dumb this question down as much as possible...

Is anyone familiar with Dallas Investors and fire damaged homes? My neighbor needs assistance selling.

I have a home that needs to sale. The DFW market is growing so it shouldn't be an issue. Unfortunately I haven't

dedicated much time collecting emails from investors because I'm working with HML's. This is something I would like to load off I just don't know which direction to go. Comps are on the high end of $260k, I 've also found a home for $180k in the area with the same description. We need to get as close as we can to $230k. There's over 60k in updates invested in the last 4months. I'm open to all suggestions on how to structure this and if you have experience with these type of deals please feel free to reach out to me, I have no problem releasing my interest.