All Forum Posts by: Lynn Henley

OK, so...

1. Purchase a HOA lien (at a discount), after checking for mortgage balance and other liens
2. Go to homeowner, and offer HOA lien payoff at a profit.
3. If they are not interested, negotiate lease, or proceed with foreclosure process.
4. Bid at auction or get paid off after auction.
5. If auction winner, lease or resale.

ALL of this is determined by the balance of mortgage ... are can it work with a balance, as long as there is high equity?

FYI... I'm in Florida.

I'm open to ALL input, both positive and negative.

Thanks,

Lynn

Tom,

Sign me up. LOL

Lynn (FL)

[I have simply just stepped out of a contract with a bank and submitted an end investor buyers offer to the bank and they agreed to pay me a finders fee. That will work. But if they are trying to sell to a retail buyer, I see this as a failing system.]

That's pretty much it.

Lynn (FL)

Tim,

What state are you in?

Lynn (FL)

I'd like to get opinions on the best Master Leasing Training. I've found: David Tilney, Susan Lassiter-Lyons (is a member here), and Todd Toback. Are there any others?

If you've purchased one a Master Leasing Training course, do you reccomend it, and why (or why not)?

Thanks,

Lynn (FL)

Once your offer is approved by the bank, you assign the deal to a "C" buyer.

Lynn (FL)

It's a way to "flip" short sales without having to hold the deed for a length of time, required by the bank.

BTW...if you try to close the sales page twice, you'll end up with a $30 discount.

Lynn (FL)

Are you able to "flip" an REO as you would a Short Sale, doing A-B/B-C transactions? Is there a seasoning issue with REO's?

Lynn

Jeffrey,

Thanks for your response.

Do you know where I can find more detailed information about how to put something like this together?

Lynn (FL)

This is the latest course from Drew Downs. Has anyone purchased it and is using it with success?

Can this be done without being a licensed mortgage broker?

Thanks,

Lynn (FL)