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All Forum Posts by: Kim Anderson

Kim Anderson has started 3 posts and replied 51 times.

Post: Confused... can't access discussion

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

There was a topic that I was not "monitoring" per se, but I was following from time to time:

"I need a private investor to buy properties at pennies on the dollar using our highly guarded family secret. Real Example Included"... which was posted in the Classified forum.

On the forums home page, it shows that this topic is the most recent post in the Classified forum (and the last post in this topic was 13 hours ago). However, when I click on it, it does not take me to the discussion, it keeps reverting back to the Forum home page.

I've never had this happen before and I thought something was going on with my computer, but I am able to click on other recent topics in other forums and access those discussions. Is there a glitch with this particular one?

BTW, I accessed this discussion last night without any problems.

Post: To much time of fancy summaries.

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

I know exactly what you mean, Marcus. I learned early on to just scroll right past all the 'fluff' and get to the meat of the matter. After crunching the numbers, I only go back and look at the 'fluff' if the property appears to be a potential. You do end up going through quite a few, though, to find a good solid potential deal.

Post: Anything You Want Me To Tell NAR?

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Bill, kudos to you for taking a stand and explaining yourself so well in your replies. Thanks much for sharing this with us!

Post: New to Wholesale

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Okay... well I don't know what you've tried already to begin building your buyers list, but read through this thread. It has some great tips:

http://www.biggerpockets.com/forums/93/topics/23272-top-ten-ways-to-secure-a-buyers-list-

Post: New to Wholesale

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Sounds great! You will certainly want to have more than just one buyer. The more acitve cash buyers you have, the better. Get specifics from them as to what they like to buy and where they like to buy (price range, size, construction type, level of rehab, zip codes, etc).

Also, what's going on with your motivated buyer who gave you the verbal ok? Do they want to commit to the property?

Post: New to Wholesale

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Laurie, congrats on your first deal! It sounds like you're doing great! I'm not sure what suggestions or advice you need, but if you haven’t already done so, execute the "assignment contract" with your buyer ASAP (hopefully a cash buyer!) and get a non-refundable deposit from them at that time.

Get in contact with your investor-friendly title company and they'll tell you what they need in order to start the title process (ie, your executed P&S and assignment contracts, etc). Hopefully you’ll have no issues with title and the closing will go smooth.

Then repeat!

Post: How to search for notices of default?

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Yeah... this one was pretty limiting by allowing you to see only a week at a time. I'm used to my county where you're limited only by the number of records that come back. It allows for up to 2000, so you can always go back and adjust your date range to get under the 2000 limit if you happen to exceed it at first.

Post: Investing Problems

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Also, you can join the 'Virtual Wholesaling' group here on BP and network with some people who are wholesaling this way.

Post: How to search for notices of default?

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

After logging in:

- for Date Filed From enter the date range you want (it cannot exceed a 7 day span or it gives you an error)
- for Kind, click on "LIS PEND" or "NOTICE LIS PEND" like Jon said
- click on "Search"

This will bring up some properties. It is still wise to follow the advice regarding calling the Clerk's office. They can help you sort through the data if what you see does not make sense to you.

Post: Investing Problems

Kim AndersonPosted
  • Real Estate Investor
  • Tampa, FL
  • Posts 64
  • Votes 62

Hi Levi, wlecome to BP!

Are you trying to wholesale properties? If so, somehow you will need to find motivated sellers; but you say there are not many in your location. So, yes, one solution is to do a joint venture with another wholesaler where you bring in the buyer. And yes, the other wholesaler will want a deposit for you to "tie up" their deal.

If you don't have a way of getting the required deposit, you can do a "flex option" with them. This allows you to market their property to your buyers, but they retain the right to also continue to look for a buyer. So in essence, the property will not be tied up. Then, if one of your buyers is interested in purchasing the property, they will put up the deposit to the title company.