All Forum Posts by: Leon Chappell

@Jeff Copeland Wow if I can find a pattern like that in my market it would definitely be beneficial during the screening process.  Thanks for the advice.

Hey I have heard that the tax assessment value is always lower that what a house would sell for in good condition? Is that true?  Do they always assess it for lower than it would be worth renovated? Has anybody had any experience selling a house that wouldn't sell unless you made it available for less than assessment value?

@Chris L.I would really appreciate that in the future. I actually have financing for my next property though. I was also thinking about investing in Maryland in the future once I become a little more seasoned.

I just wanted to know some pros and cons to hard money lending so I will know my options in the future.

Im not sure. I would guess that you couldn't though because its not technically foreclosed on. I would definitely talk with someone who has some experience dealing with them. I actually think there is a chance when its in pre-forecloser that it never actually gets foreclosed on. For instance if the owner comes up with some money or works out something with the lender.

The most that I know about Pre Foreclosures are they are not actually foreclosed yet. In all likely hood, papers have been sent and it just a matter of time before the property is foreclosed on. This gives investors or potential home owners the opportunity to evaluate the property early so they can have there finances set up to make a offer when it finally hits the market.

I was curious as to how hard money lenders make the decision on how much they will lend to a investor? Is it harder or easier to go with a hard money lender? Do they run your credit? I have no experience at even talking to hard money lenders.

I have seen a few homes that have in the listing that it will not qualify for a mortgage. Usually a cash only deal. Does that mean it is something extremely wrong with the house? Is this something to completely avoid?

I knew it was way to good to be true lol. I was thinking all I need it one of these deals every 10 years and I would be fine lol

@Christian Bors

@David Dachtera

What is the best way to find off market properties?

Thanks for the feedback. I really am frustrated. I have seen properties but it always seem like I get beat to the punch. Working full time, finding properties, and putting in offers has been difficult for me. Im going to remain patient.