All Forum Posts by: Anthony Stephenson

Coy, I'm located in Murfreesboro. Got a couple flips going but all the workers are already lined up. What type work to you do? I could keep you in mind for a project down the road?

Is Raisemasters more for rehabbers wanting more/cheaper access to money OR is is geared more towards those wanting to build a lending business?

Has anyone used the company SEOMEETSREI for backlink services? I found them on the Investor Carrot website as one of their preferred vendors. 

Don't confuse Sub2 with an assumption, they are not the same. My understanding is that banks were in the loop when assumptions were common but not so much when a sub2 happens. I was hoping for some input from those with a lot of experience in sub2 deals as to how they make sure insurance is in place plus the best way to be sure payments are made without throwing up red flags to the bank. Yes the bank has the option to exercise the due on sale clause but as long as payments are made in full and on time it very rarely ever happens. Seems different folks have different ideas as to the best way to make these two items happen.

For the sub2 experts out there.. do you normally have the mortgage holder add you to their insurance policy OR do you purchase a separate policy? Also, assuming the seller doesn't have a payment book, how do you gain access to their account so that you can make the monthly mortgage payments?

For me I felt like the class was worthwhile. It opened my mind to a new marketing avenue. Gave me a very basic education on the assisted living communities industry. Plus networking with like minded people is always a good thing. Given that you already have personal experience with this type situation I believe this type marketing could work very well for you. I vote spend the time and money:)

Honestly it's fairly straight forward.. It's all about networking with people that have a vested interest in getting the care facilities beds filled.. There are some teasers along the way but there is enough info provided over the weekend that if you have a little bit of experience and networking skills you could run with it. 

I totally agree the nursing home placement agent would want to vet the buyer. Doesn't matter if it's an investor or a traditional buyer needing to get a loan that was brought by a realtor. I've dealt with dishonest and/or unprofessional investors, realtors, buyers and seller. All sides need to operate with integrity.  

Mr. McLaughlin, most investors don't want to be a broker... Personally, I've been an agent for 14 years and an investor for 10 years. I see the benefit of both sides.. Each has it's place. If the house is in decent shape then listing probably makes the most sense financially, assuming there is time to do so. If the house is a junker and the seller needs a quick close then I can see where a cash buyer makes the most sense. Either scenario should be closed via a reputable title company which will turn up any issues. 

I attended the Mom's House event a few days ago. The general just is network with people in the senior care industry who have a financial interest in filling the rooms. The idea being if mom needs to sell her junky house to a cash buyer in order pay for the care facility plus doesn't have to deal with repairs then hopefully your senior health care network contacts will remember you when they run across this which is supposedly often. In my opinion It's worth the $1K to attend the weekend, then you decide if you want to drop another $30k for the inner circle. Personally, I didn't, but it's not totally outside the realm of possibilities..