All Forum Posts by: Account Closed

For some people college just isn't the right path. Not to mention, if you end up like me, you may find that student loans hinder your ability to come up with capital for REI. Good for you for doing what you felt was right, and congrats that it turned out well! Good luck on your next deal!

I saw a vacant-looking house the other day while D4D and came home to look it up online. I'm still learning how to properly read and interpret the county property records, so excuse me if this is a silly question.

I found the home on Zillow and it says the home was foreclosed to the lender on 5/14/14. In the county property records, on the same date, it shows a non-arms length other transaction having taken place. Why would two different types of transactions show on the same date on different websites? Also, the property record now says that a bank owns the property, so I don't understand how the non-arms length transaction fits in there. I'm sure this is just lack of knowledge, so if anyone could help teach me something, I would greatly appreciate it!

I know this post is a few months old, but if you are able to find this many properties at a time, you could potentially make a killing just bird dogging (if it's legal for you). If you have a photo, a name, and a phone number, you already have most of the info an investor would want from you. Even if they only purchased one out of the 25 you'd still probably make more than you would by getting a small fee for each of the 25 leads.

Pulling up an old post here, but I'm also curious about lawyer fees. Don't most wholesalers have an attorney write up a contract that allows them to assign a property and minimize their own liabilities? I, for one, wouldn't go into a wholesale deal (especially with little or no money in reserves) without a solid contract to keep me from having to purchase the property should I fail to find a buyer. Any idea what it typically costs to have a contract written up?

 Got it, thank you!

Joe, what would be the difference between a sandwich lease and a wholesale deal?

See you then!

@Beau Walsh, now that looks nice! Because the fireplace is non-traditional and is much lower, I think it works. Nice place, by the way! Love the style.

I've always felt like I'm the only woman who isn't on board with this trend. I really don't like how high the TV has to be. I also tend to be old-school, and I love to have some meaningful, conversation-sparking piece of art over the fireplace. Or a mirror to make the room look larger and reflect light. Just my $0.02!

@Dev Horn that's an excellent angle that I'm ashamed to say I hadn't thought of. It may also be easier that way, merging together my current job in design and marketing with REI, as well as it would allow me to do some overlap in networking. Even if an investor doesn't want to work with me on real estate deals, they may know somewhere my marketing services are needed! Thank you so much, I'm definitely going to take this approach.