All Forum Posts by: Jack Bobeck

Susan,

See if there is a local Real Estate Investor's Association in your area. You can contact the National REIA to see the closest one to you, but these groups are invaluable in the people you meet, buyers, sellers, investors, money people, the number one expense in this business is ignorance, so spend your time wisely before spending your money.

All the best!

Jack

If I had to do all my real estate knowledge over again, I'd go and offer to work for one of the guru's. Ron Legrand, Lou Brown, others, for whatever living salary you could get and learn from the best. After all, continuing education is going to cost you 5-10k per year, so you might as well get a head start on your education NOW, and learn from the best, while you can.

Tim Norris is the President of the National Real Estate Insurance Group, out of Kansas City, they were at the Equity Trust show in Orlando last week, they offer many forms of insurance to investor-type properties. 888-741-8454. nreinsurance.com

Manuel,

Try Homegain.com, if not there, befriend a local appraiser and ask for some rough numbers before you do a deal. Odds are you will eventually work with the appraiser in your real estate career.

Jack

Steve,

I am doing a quiet close at my title office here in Jacksonville, FL tomorrow, so no big deal. I will get my title insurance and title search done with my title people. So don't be scared off on the wimpy specialty warranty deed they offer. If the deal is good enough.....

My experience with every Auction.com auction is that every property in my area is occupied, which is complete and utter horse hockey. Most people in properties can be approached and you can ask questions. After all they have been barraged by people who want to list their home, help them with their credit or other solicitations. How many actually show up, without a badge and a gun.

Sometimes Kindness works, Aaron must not have any in his area. Works just fine here in Jacksonville, FL. It is a business, treat it as such, if people won't leave, evict and spend the 300-400 bucks, it is here in Jax, but most people without 2 nickels to rub together would take 50 bucks to move....

Jack

Steve,

I purchased a property, close 10/4 on a property from Auction.com, yeah, they said the property was tenant occupied, but the previous tenants had vacated, but they did leave all their lovely STUFF. Evictions cost money, Foreclosures cost money. Banks hope if they send enough threats, people vacate on their own.

When my auction started, they had some ridiculous value of $144k and the "bank" bought it on the courthouse steps for $100 over what I offered. They accepted my offer. Know what things are valued and it can be a great site. Probably should do a quite close with a title company near you, so you can get a title search and insurance done, since Auction.com does not offer title insurance. It is cheap and a great benefit down the road.

If you have to evict, perhaps offer them 50 bucks for moving expenses and offer to not have this on their credit history as a judgement which will remain a long time for future rentals. Get some temps from a labor pool and clean up the property, and then get it on the wholesale market. You will get the deal done!

Jack