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All Forum Posts by: Jeffrey Edwards

Jeffrey Edwards has started 2 posts and replied 143 times.

Post: Seller Financing problems

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

1.) I would make sure that you have a clause that is binding on any and all heirs.

2.) A great real estate attorney should be able to help you depending on what your seller finance strategy is and they can help you out with #1 because I'm not an attorney and I'm not giving legal advice. 

Post: What Credit Card should I pay off first?

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

I personally would always focus on paying off the card with the highest interest rate.  Maybe look into a balance transfer that will offer zero or low interest for 12 months. 

Post: Real Estate Calculators

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

Bigger Pockets has some great calculator tools but the data is not transferable.  You could create your own excel spreadsheet that could accomplish this. 

Post: Tenant Name Change - Lease Addendum

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

You can just type out something very simple.  Doesn't have to be fancy.  You might even be able to find something free online by googling "residential lease addendum"

Post: Investments property interest rate

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

Depends on a multitude of different things.  Call around to at least 3 lenders and go from there. 

Post: Recommendation: Good Book on House Flipping

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

The Book on Flipping Houses by J. Scott in the Bigger Pockets books store.  

Post: Real Estate Question - $ tied up into property but want to buy...

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

Hard money or Private lender and then refi?  Not sure how much money you have liquid but it may be an option.  Or possibly hard money or private money for a down payment and then repay over time. 

Post: Texting Potential Sellers

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

I would be very careful about unsolicited text messages.  You should probably read about consequences on the FCC website. 

Post: How to Increase Lead gen As a Realtor?

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

Go follow a guy named Ricky Carruth on Facebook, Insta and Youtube.  End of story.  Changed my life.  Everything is free...not joking, no gimmicks.  

Post: First successful investment - so far

Jeffrey Edwards
Posted
  • Real Estate Broker
  • West Bloomfield, MI
  • Posts 147
  • Votes 77

Nice job and good cash flow!