All Forum Posts by: Kris Kempe

Goodmorning BP family, in a situation, currently where wholesaling a 3 property portfolio. 2 units have tenants one is vacant, Seller has been a massive pain entire time, managed to get through the process, we’re on our last 4 days until closing although seller will not provide leaseback information for our partnering buyers until we sign closing papers. Now, we can’t do that because our buyers need that information to close. We have everything signed on the Texas Trec contract and My biggest worry is seller just not wanting to sell and take everyone’s earnest and run. She’s been extremely difficult and that has seemed to be her motive this entire time. Is there anything we can do? Or What would you recommend the next step be? 

Seller won’t provide leaseback information because she doesn’t want us contacting tenants and freaking them out about a new landlord coming in even thought nothing would change, is seller obligated to send leaseback information to us???

Thanks

Hey BP fam, 

Have a single family home I got under contract and planned on wholesaling. Nice property in Texas and the entry is 12k. The only issue is the interest rate is 7.125%. I’ve tried posting it in communities, reaching out to buyers agents, and dispo specialists. Are there any strategies to sell subject to,s to end buyers? or get this sold or is the interest rate too hard to get past?

Hey BP family, 

I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, 

it has a high interest rate although the entry is around 20k I want to wholesale this ultimately 

Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee?  So whenever the buyer wants to refinance or sell the property my lien comes up aswell and that's when I'm taken care of? is that possible, if so how?

Hey BP fam, 

I have a property that desperately needs a way out,

The property has been on the market for a little bit, sellers just recently bought the property so they don’t have much equity. 
immediately I thought, subject too until I saw they had a 7.5% interest rate. They have $30,000 worth of arrears, and because they would be coming out of pocket if a buyer were to negotiate with them on price, price is pretty much non negotiable. Is there any work around to this where everyone wins? I’ve heard investors that bought the entire tax deed, although I’m not to sure how that would work. Thanks 

hey BP family,

I've run into a bit of a roadblock, I'm direct to agent and I've wondering how to get around the new NAR settlement, as soon as I hop on a call with the agent, they ask if I'm represented and then hang up the phone no matter if I say yes or no. Someone please help. Thanks

Hey there BP. What’s the best way to overcome the objection. I just want to be completely out of the deal when it comes to creative financing. I hear that objection more than anything when pitching and wondering the best way to overcome it. Thanks!

I would be assigning it 

Hey BP family.

So I have a property under contract where I bought it for 310,000 and am selling for 320,000 but it’s a subto. So the buyer is brining a downpayment for the seller. Does it matter and will I still get my fee as a wholesaler or do I still get the 10,000 from the price difference? Where does it go?

It's a mix of airbnb, short and long term, my downfall is finding JV partners and cash yes

Hey BP Family, 

Ive been going at the creative finance game for a coiple of years now. I have the time and have negotiated multiple deals but fall short on the money side and when negotiating all these creative financed seller financed and subject to deals. I can't seem to find a reliable either JV partner, buyer. I feel like I'm stuck and at a roadblock. Does anybody have any advise for what I can do? Thanks!