All Forum Posts by: James N.

@Shawn Mcenteer

Walk away from the deal. No experienced Realtor will touch this. There is an old saying, "Be careful of what you wish for, you might get it."

The cost of first-class postage stamps is set to rise by 3 cents—to 49 cents from the current 46 cents—on Jan. 26.

You may want to stock up on "Forever" stamps for a little while.

The good news is the increase is expected to be temporary. The Postal Service says that the price jump will only be in effect until it can make up the $2.8 billion in losses that it accrued during a large decrease in mail volume it says were caused by the recession.

@Brett Braden

Declaring bankruptcy before Jan 8, 2014 will delay the Trustee Sale.

Disclaimer: The content of this message is for informational and educational purposes only and not for the purpose of providing legal, tax or accounting advice. You should contact your attorney or your accountant to obtain advice with respect to any particular issue or problem.

@Joe McCall

Nice tip on slydial. I didn't know that app existed. Nice time saver app.

HomeVestors, an investment company that brands itself “We buy ugly houses,” named the following top 10 housing markets for investing in single-family homes for 2014. All of these markets have posted strong appreciation in the past year but are still underpriced by up to 28 percent.
1. Forth Worth, Texas
2. Dallas
3. Charlotte, N.C.
4. Nashville
5. Houston
6. Atlanta
7. Oklahoma City
8. Orlando, Fla.
9. Las Vegas
10. Boise City

"We think the markets hold considerable opportunities for investors as long as they do not over pay for properties," says David Hicks, HomeVestors co-president. "Only seven of the top 100 markets continue to be ranked as 'speculative.'"

On the other hand, the 10 “riskiest” markets named were:
Los Angeles
Gary, Ind.
Providence
Buffalo, N.Y.
Toledo, Ohio
Cleveland

"These markets continue to have weak population and job growth that makes them more risky investments," Hicks says.

@Roy N.

Several Canadian Banks have branches down in USA. You can walk to your local branch and ask about a vacation home in USA. They will require at least 30% down payment for the mortgage. A lot of Canadians buy vacation/investment homes in Florida, so they are setup to service that market.

1. RBC Bank

2. BMO Harris

3. TD Bank

@Phillip Dwyer

You are correct. According to Fannie Mae Homepath, it is up to 20 properties

http://www.homepath.com/investors.html

At the bottom of the page under "Investor Financing" section.

Very nice script. I like it. Speaking as a Realtor, I would say "yes" to the synergistic relationship if it came off as sincere. I think I heard this script on one of BP podcast too. It's a good script.

Darryl,

I'm sorry to hear about your experience. That's is not the norm on how professional Realtors conduct their business. They normally will return with a courtesy call even if they cannot take your listing.

A couple of things to check for:

1. Is your name on the Title of the property?

2. Are you using a generic email address such as @hotmail.com? They have email filtering that automatically blocks incoming email. Your Realtor could have reply to your email but you never received it.

3. Are you leaving a cell number that blocks unknown numbers? Your Realtor might have tried to call you back but is blacklisted on your cell phone.

Depending on how the Trust is setup, Wholesalers would be wasting their time and Rehabbers would end up likely having to pay a higher price for the property.

The Trustee(s) have a responsibility to the beneficiaries of the Trust. The Trustee(s) must look out for the best interest of the beneficiaries. When the Trustee(s) sell Real properties, it is subject to the approval of the court. The court must approve the sale. The court will bring in a real estate agent to confirm if the price is fair. The Court protects the beneficiaries of the Trust from being ripped off by a unscrupulous Trustee such as selling the Real property below market value to their girlfriend/boyfriend/business partner/etc... There are additional hurdles for a wholesaler to go through and the property will not likely come in at a discount that would be appealing to them.

When it comes to disposition of real properties from a Trust, the vote must be unanimous. For example, if there are four Trustees on the Trust and three of the Trustees vote to sell and one of the Trustee refuse to sell then you cannot sell.

The Trust is not a public document, so you will have harder time contacting each Trustees. If there are four Trustees, you need to spend extra time marketing to the four different persons.

You can use USPS EDDM to do zip code-route to narrow it down to the subdivision you want to direct mail to avoid blasting to the whole zip code. You can get more information from the Postal Service on how to order it.