All Forum Posts by: John Jackson

@Roc P.  it depends on the market of course...you can find props with mtg orig. in california that are 4 yrs old that are neg. but here in TX you normally don't see that, except for tiny specific areas. 

As far as the list you pull from any source, it depends on what you are looking to do with the leads. 

I do the whole absentee owner blah blah blah...and guess what....most of the leads aren't wholesale deals...they are lease options. 

If I hit listed houses over $200k they aren't wholesale, they are lease options. 

@Wilson Lee  I can assure you @Brian Gibbons  and @Bill Gulley can chime in here...(why can't I get Bill's name to pop up??)

I can assure you that if your contracts state that the payments don't start until you sublease it that the state's REC will see that as brokering without a license. 

If you want to do sub-2's or SLO's you need a cushion. 

@William Hochstedler  is correct, which is why I always teach that you should never deceive the owner in either scenario that you are the one leasing the property and living in it. The owner needs to know what you are doing, and if you aren't fully familiar with pulling and reviewing ti-merge reports and have good knowledge of mtg guidelines, then certainly use an RMLO to review the applications. 

@Russell Carter  You said you were going to assign you contract.  So you aren't staying in the deal? (a SLO) you are going to assign it right?

What @Brian Gibbons   is referring to with JVing with the owner is often called "wholetailing" where you are bringing in funds for repair but have a lien on the property. 

@Brandon G.  If you are trying to control the property, rehab, then flip it, you could do a lease option with the seller, rehab, then flip it, yes. However, I would have a title search done first, then file a memorandum of option to cloud the title.  AS @Brian Gibbons  mentioned, doing a sub 2 to control is is better, as you would be on title. 

@Wen Ling Cheng   You have the best of the best here with @Brian Gibbons  and @Aaron Mazzrillo (who seems to like salmon...I should post a pic of me with a grouper! WHEE :) ) I have one from last week in Tampa!  

What are you trying to do? control the property? control and assign? buy on a LO?

Great info by @Bill Gulley 

Get inventory first. If you play the "I'll find a house for you" game, you are wasting a ton of time and you are also playing agent...

If I'm using the scraper I don't, but if my VA is pulling leads she does.

@Max M.   I have the direct contact with the actual developer...PM me when you are ready and I can make the warm intro.