All Forum Posts by: Jesse Rivera

Ask them if they do any wholesaling. Ask them if they know how to do assignments. Ask them if they have done any subject 2s.

99% of Realtors will look at you like you were speaking Swahili, and when you tell them what you mean, they will tell you that it is probably illegal. Realtors that know investing will have answers.

Wow. I have no words... just wow.

Each state is different, so you need to talk to someone that has knowledge in the state you are buying in. Subordinate liens usually are gone, but property taxes, an IRS liens will stay. In some states, HOA liens stay, and so do municipality liens. And contractors liens stay, only if they are superior to the mortgage that is foreclosing.

In Oregon, we have a program where senior citizens can defer paying property taxes, but need to be paid back at a sale. That can be a big surprise if you don't see it coming.

Buying at auction is serious business, only do it if you know what you are doing.

Just go and ask the clerk. In my experience, they have always been very friendly and helpful.

Would love to see a print button so I can print out long threads
(with many pages) so I can read later.

I am a broker that works with investors. Dozens of properties cross my desk each week, but I only send my investors properties with potential. I can look at the address, the neighborhood, some comps, and do a quick and dirty ARV in about 5 minutes. If it's something that my investor likes, we will go and look at it together, and then again with our contractor, then we do the real due diligence if we still like it.

Every Broker works differently, but this has worked well for me and my investors.

I agree with Ned Carey and J Scott. If you are selling for fulle ARV, then all of the big things need to be done. As a an agent that works for buyers, this is a must. You are wondering about sewer repairs? That is a deal breaker!

Great thread with great info. Thanks!

Why wouldn't you want to use a realtor? Any good agent is always prospecting, and will come across properties that can't be financed (wholesale) or don't have enough equity to sell (sub2 or lease/option).

But like Tj Hines said, make sure they know what you are doing and what they get out of the deal. Always make sure you do that upfront.

And like TJ said, many agents will think you are crazy or running a scam (you would be surprised the questions I get from agents with years of experience. Sigh.), just say thanks and move on to the next.

Jillian Sidoti, glad to see you chiming in on the Forum. Investor pooling is a complicated subject, and I'm glad we have an expert on the forum.

I see you are doing a workshop here in Portland on the 20th. I am hoping to make it!