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All Forum Posts by: Jeffrey Johnson

Jeffrey Johnson has started 12 posts and replied 21 times.

Post: How To Handle An IRS Lien On Property

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

That is very helpful. Thank you very much.

Post: How To Handle An IRS Lien On Property

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

Have an interesting opportunity we are trying to make work, wondering if anyone out there has ever dealt with something similar....

Met with a seller who has a property set for foreclosure auction on 6/5/18. She owes $250K on property. (including $22K reinstatement fee) House is worth roughly $350K and needs about $10K in repairs. She is willing to walk away from the home with basically nothing. The catch is she tells me there is an $80K lien attached to the house from the IRS. Obviously that kills the deal....or does it? 

I have heard that IRS liens can be negotiated way down and settled for a smaller amount. So that is question #1. Has anyone had success doing this?

Question #2 - Is there a way to "detach" the lien from the house and have it basically attach to the sellers credit only? So she could sell us the home and once we own it, could we get it to fall off?

My strategy may be to take the home over "subject to" and rent it out for a period of time while we try and figure out how to settle the IRS lien. Unless of course we have no chance of getting the lien reduced. 

Any thoughts or advice? 

Post: 70k profit in atlanta!

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

...

Post: Great "Subject To" Purchase Opportunity in Tucker GA

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

Hi everyone, we have a great opportunity for a "subject to" purchase opportunity in Tucker GA. You can buy this home for very little cash upfront (<$20K). Mortgage payments are $1350 per month.

Total payoff is around $165K. Home needs $30-$40K rehab. Address is 4104 Oakcrest Dr. Owner is willing to let someone take over mortgage payments. Great comp located at 1802 Oak Crest Ct. Smaller than this home with NO basement sold for over $240K this year. 

$250K+ is very doable. Subject property is 4 sides brick with new furnace, water heater, and newer roof.

There will be a showing on Saturday December 2nd from 12PM to 3PM for anyone interested. Please contact me directly if you have questions or would like to attend. Jeffrey at 678-718-9856

If you were going to pull a list and CALL the owners not mail....what kind of a list would you pull?? And have you had any success/experience doing this? Thank you!

Post: Looking for Private/Hard Money

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

Hi my name is Jeffrey Johnson. We have a deal under contract in Acworth, GA we are looking for a small amount of private/hard money on. Purchase price is $128,500 and our ARV is at $200K. Repairs are at $15K. We only need $50K in funding. Willing to pay a fair and reasonable return. Please comment or send me a message if you are interested. Thank you.

Post: Investor Seeks Funding for Buy and Hold Deal - Returns of 8%-13%

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

Hi my name is Jeffrey Johnson. I am the Acquisitions Manager for Nice Guys Buying Houses and owner of Synergy Investing. Our group is seeking private money investors for deals we are looking to fund in the North Atlanta area. We can structure our deals in a variety of ways, always offering a security backed loan for the investor. Our payouts are typically between 8% and 13% depending on the deal. We have referrals for past and current investors and would be glad to meet in person or talk on the phone with more details. You can reach me via phone or email. 678/718/9856. Or [email protected]. Thank you!

Post: Mobile Home in Kennesaw GA located on double lot! Great Rental!

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

We are selling a mobile home located in Kennesaw GA. Located in the Woodlands subdivision. For crazy low price of $25K. Property will rent for $1000 per month. There is a $595 lot rent each month to have your home on the land but good news is that you can place a second home on this lot and double your rent amount each month. Could be a great opportunity. Current home does need some minor repairs but nothing major. Typical cosmetic stuff. Please contact me asap if you are interested. This will be sold quick. Text 678.718.9856

Hi Michael i am in need of the code as well. Can you help?

Post: Real Estate Investor Friendly CPA??

Jeffrey JohnsonPosted
  • Lender
  • Marietta, GA
  • Posts 24
  • Votes 0

Thank you guys very much for your input. I am sorry for the delay thanks. I will be reaching out to you.