All Forum Posts by: James Annello

Hello Everyone!

I came across a property from doing "driving for dollars" I noticed a piece of paper posted on the front door and the house looked neglected. After getting home and doing my research I found that it was a Notice of Lis Pendens but the date it was posted was over a year ago. What does this mean?Should I mail a letter to the owner or would it be a waste of time because the bank already owns? I am fairly new to this so I am confused as to why it has been so long.

Thank you!

James

Hello Everyone,

I recently signed up for Agentpro247. I did a search for, Absentee owners with property in the state of Connecticut who are in foreclosure. I only got 55 results. I was wondering what is the smallest list people have sent. Is something this small worth the time? Also if anyone has any tips for this program it would be greatly appreciated. For example I don't fully understand how to interpret the "Taxes" section. Is the number that is listed there the amount owed, or is that just how much the owner must pay each year. If it is the latter then how do you find out if an owner has backed taxes and how much is owed?

Thank you!

James

Thank you @Meghan O'Connor! do you have any experience with this? I just don't want to get a house under contract and not be able to find a buyer, I am pretty confident in knowing what a good deal will look like but I am new to this so I am aware that I will make mistakes. Is there anything I can put into the contract to protect myself from this?

Hello everyone,

I am trying to begin wholesaling but am slightly confused on where to start. I know everyone says that you need to find buyers first but how do you find buyers if you have nothing to sell to them. I was wondering if it would be a god idea to find a couple properties and get them under contract and then advertise those properties to start a buyers list, then grow from there. The only problem I see with this is, what if i do not find a buyer for a certain property. Could I put a contingency in that says the offer is contingent upon my partners approval. Would that cover me if I dont have a buyer or would it not be valid because I never had a "partner"

THank you everyone,

James

thank you for the help, greatly appreciated!

Also when talking to buyers do you recommend being up front with them and telling them you are new to the business to build a strong, trusting foundation, or do you think that will cause many to shy away. 

 Thank you Jackie!

A couple ways I have found to find buyers is Craigslist and local real estate meetings. Do you have any other recommendations for finding cash buyers? Thank you again!

hello everyone,

I have recently began reading some books and online articles on real estate investing. I have a short history of credit and not enough money saved up to get a conventional loan through the bank. So creative investing is my only option at this point. I recently read a book about wholesaling real estate and it mentioned finding specific "areas" where certain types of investors do work. For example it mentioned rehabbers prefer to do business in "first time buyer areas" and landlord/rental investors prefer to do work in "low to middle class areas." The second area I understand, I just look for middle class neighborhoods and that is a good starting point, but I do not quite understand the first area. Is there any way to find which "areas" are mostly first time buyers, and to further the question, are there any other "areas" that  certain investors like more than other that you could help me distinguish.

Thank you very much!

James Annello