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All Forum Posts by: Jamane Y.

Jamane Y. has started 26 posts and replied 165 times.

Post: From no knowledge to 8 properties a month!

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

thank you so much for sharing. I needed to read this. J

Post: A funny thing happened today dealing with a wholesaler

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

WOW! What an adventure. I'll try not to do that to my buyers.

Post: REI's In North Carolina

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

Greensboro Winston Salem Triad area

Post: Motivated Seller Rental Property

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

thank you @Jon Holdman appraised at 168k according to seller. Will do my due diligence.

Post: Motivated Seller Rental Property

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

May be working on my first deal. But need a few questions answered. Talked to seller tonight. He has 4 Bedroom 2 Bath house 2300 sq ft. Tenants are moving out at the end of May 2014. Seller doesn't want the property anymore. Has property management managing the property for him now. But just doesn't want to be a landlord. He wants to sell but I'm concerned on how to proceed. He refinanced the property last 2013 for 100K. His asking price is $125K. According to tax records the property was assessed at $162K. He is renting this for $995.00 a month. Haven't seen the house yet. Hopefully we see by this weekend. Tenants have been in the house for five years. He says house is in good condition, carpet will probably need replacing. I'm concerned about the amount owed and his asking price. Although he need say that "there is room to deal" Please give me ideas on how to solve his problem. Thanks in advance.

Post: How a good deed turned into $15,000 for 3 hours of work.

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

I love this. Great story.

Post: Buying Code Violation house with Absentee Owner

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

I found a house in a nice neighborhood, I drove through the neighborhood while on my driving for dollars weekend. The house had a condemned sign on. I could only see trash on the back porch of the house. I called code compliance office and found out the the house is not condemned, but was called in for the trash and vagrants living there. Talke to the inspector today and found out that the owner is deceased and his/her relative doesn't want the house. The inspector said that its going to take almost 90 days before the final decision of the house goes to the housing commission. I'm not sure what there decision could be other than demolish. Although I don't think they would tear this house down in the middle of a nice blue collar neighborhood. My question is what should I do next. Try to locate the person that told them that he didn't want the house to see if I can the house from him. Or wait on the city to see what they decide. I also think if I buy the property, I will be responsible for whatever is owed to the city plus the back taxes.

Post: Private money lenders

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

thank you all for the update.it seems there's always someone trying to make money off you!

Post: Direct mail letters, labels or hand written

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

thanks @Dave Savage I needed to get another opinion. The person helping me was an investor in the 80s and is not very tech savvy. So I see things a little differently sometimes. But I agreed I'm going to mail most with invisible labels and hand address the postcards until my hands get tired. Thanks again

Post: Direct mail letters, labels or hand written

Jamane Y.
Posted
  • Greensboro, NC
  • Posts 169
  • Votes 29

Thank you @Steven Johnson, I will try both. I have a combination of delinquent tax owners and driving for dollars. Also I was hoping to use the invisible labels instead of the basic white mailing labels. Thanks again.