All Forum Posts by: John Jackson

I would l LOVE to be a part of this meeting!!!

Maybe I can speak sometime as I love that area!!!

Hope the meeting is AWESOME!!!!!!

@Tammy Watanabe  Oh...I know what I'm talking about.

Some people would rather type a post than take action.

@Tammy Watanabe   I am a very good friend of @Joe McCall  and I would never have ANY hesitation in referring someone to him. 

I just saw where Joe is refunding your $297.

Wow...$297? 

I bet what you got is worth about 10 TIMES that much!!!

And you are posting on a site complaining about him not posting a lot on Facebook?

HAHAHAHA!!!

Joe is a solid guy...I think you need to study the course and materials that he WAAAAY undersold to you and put them in action. 

@Brian Gibbons  had some very solid points in his post. 

@Tammy Watanabe   You spent $297 for what I know to be AMAZING stuff...and you are whining about Joe not posting on Facebook. 

I can assure you I know where your real estate career is headed.....

@Cecil Russell  I don't have an attorney in that area to refer you to. 

As far as a title company we only use a title company when the T/B is ready for finance and then it's pretty straight forward. 

A FSBO doesn't matter, it's just a straight LO.

The owner would have to of course have the contracts to be in line with Title 2 CH 5 TPC.

@Ernie Thivierge  If you are trying to get a house for you go with an owner finance or lear option. 

As a buyer, I'd prefer an OF as you'll get title, but close at a title company and get clear title. 

as far as making money in RE, the power is in the paper. I like LO's, wholesale and sub-2. 

For you. I recommend LO's and wholesale. 

@kristy 

@Account Closedundefined often tell people not to do a SLO or sub-2 unless you have reserves.

I did an SLO many many moons ago and it was the worse situation ever.   Even the almighty God didn't know there were that many cockroaches alive......YIKES!

Do a couple years of deals then do SLO's. 

@mark 

@Mark Patelundefined  You can't lease option it till the payments are current per §5.085 Title 2 Ch 5 TPC so you'll have to get the payments current to do a lease option and you'll also have to get title if you are doing a SLO. 

Looking at the numbers of $191k owed and PITI of 1800 I'd say the interest is pretty high on that loan.

I wouldn't get anyone into the house until the payments are current even if you take it sub-2

I just don't see the numbers here. 

I could put out a bandit sign and get a better deal. 

The numbers just don't work dude. 

If there was possible cash flow, or equity etc....let's talk. 

Nothing here. 

Unless you can get $12k down you can't do anything. 

I get the FC list for Harris county so I'm sure it's on it for this month...

The owner doesn't care because of her situation but she could do a deed in Lieu without recourse but I wouldn't think she'd care at this point. 

I would disagree with what @dana 

@Dana Whickerundefinedstaed in that I think a short sale might be an option, but the lender will most likely;y require it be listed. 

The bank is about to get a house for what it's worth. 

I realize forums aren't the best p[lace to work out finite details but I could see a shortt sale. 

You are confusing a contract for deed under Title 2 CH 5 and a lease option.

The law is pretty clear on the 7 sections of Title 2 that apply to a lease option. 

Just have you attorney call me with questions....

@Cory Boren   @Roy Oliphant  

You don't foreclose...you send a 30 day notice of default then evict...

The law is very clear on that. 

Most people confuse the requirements for a contract for deed with a lease option....

Even attorneys do...

It's amazing how 10 years after the law was passed how their are still incorrect rumors...

@Cameron Tope   !!!!!!

@Cory Boren   !!!

Hello Houston!!!!

I JUST got off the phone with a guy from Katy! 

I'm driving to Houston tomorrow for a big 3 day event.

If you are in Houston you HAVE to connect with Tim Mai!  He's a great friend of mine and runs a top notch RE biz. there.  I love him and AC!

If you have people that want to buy but have bad credit...they could do a lease option, unless their credit is really bad then owner finance. 

@J Scott  I would add...to the top of that list...

find the flight school where they speak English.   

Make sure their airplanes are flightworthy

Make sure the planes have 2 radios!