All Forum Posts by: Lamar Cannon

Instead of becoming an HML, I'm looking for innovative ways to lend money or finance flips and other real estate projects. After reading a couple posts on the topic, my wheels are turning. Forming a Series LLC or another type of partnership sounds appealing. How would these deals be structured and what's pros/cons does this have over going the hard money route?

Lamar
Austin, Texas

1 Vote

Brandon Foken Awesome progress. That's why I love this place. I can ask for feedback, apply the tweaks & quickly see the results. Keep us updated!

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I'm with you on location 2 Bryan.

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Joshua Dorkin thanks for the welcome!

Raquel Barela I'm looking forward to networking with you at the meetup also.

Lynn Currie See you at the meet up!

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Bryan Hancock congrats on the twins buddy! Must be exciting!

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This is going to be awesome. Looking forward to meeting everyone. I cant wait!!

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Originally posted by Brian Wall:

Hey George.

Do you have a contact at a title company? If not, get one! it is invaluable.

I ask for "farm lists" from my title company all the time.

About once a month, I ask for all title transfers in the past 90 days (there is a lag in reporting time, so I always get overlapped time). One of the fields you should get is "type of transfer", it will have values like Quit Claim, Grant Deed, Warranty Deed, Affidavit of Death, etc. Another field is value/sale price.

Now, regarding your specific question, I would go after the Non owner occupied properties (property address is different than mailing address), especially focusing on the properties with zero price. Those are properties that are likely to have been inherited.

I personally go after all non owner occupied properties where the owner name is not an LLC or other type of company name, in my target area.

Hope this helps.

Brian

This is awesome info. Which type of transfer do you focus on/get best results from?

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Count me in!

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Marc Bodinger actually neither. South & East Austin, which isnt too far from campus. Not many students live on the East side but this is changing as gentrification continues in this area.

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All Forum Posts by: Lamar Cannon

Lamar Cannon has started 26 posts and replied 191 times.

Post: Forming LLC / Partnership with Rehabbers

Post: Forming LLC / Partnership with Rehabbers

Post: Wholesaling/Marketing Journal

Post: Austin Meetup -- March 2, 2013, 10am - Noon

Post: New to BiggerPockets - Austin Wholesaler & Investor

Post: Austin Meetup -- February 2, 2013

Post: Austin Meetup -- February 2, 2013

Post: Inheritance List

Post: Austin Meetup -- February 2, 2013

Post: New to BiggerPockets - Austin Wholesaler & Investor