All Forum Posts by: Account Closed

Confirmed!

I'll be there!

Hi!!

So I have a specific list of properties I want to mail too. Its a list with around 1000 targeted homes. I need help getting the tax billing addresses for each one.

I was going to hire someone from Odesk to clean the list up and find the property tax billing address on each property. Reason for that is some of the properties may be absentee owned, so I wouldn't want to mail their tenant, I want to mail the owner at their place of residence.

Other then allowing the person from Odesk onto my MLS account, which I do not want to do for obvious reasons, what is a good way they can collect this information?? Any websites that have it for free or small fee?

@Patrick T. Thank you for your response! I might have a good lead for a flip, and the numbers seem to make sense. I'm just trying to figure out if there is something I'm not seeing. I know there is a high transfer fee, but I budgeted for that... Anyway I hope someone can give me some pointers here.

Hi Everyone,

Just curious, would you ever flip in a retirement community or have you, and what was your experience? I live near one. A lot of people inherited these condos there and are interested in selling for whatever reason. There is a hefty HOA, but as long as I buy low enough to hold it for 6 months, I don't see a problem. I'm sure there are some regulations and qualifications I must meet in order to buy there, and I still need to look into that.

But overall, I see a lot of buy/sell activity, so its not a dead area.

Just wondering what your thoughts were. Have you done flips in senior areas? Good experiences, bad experiences?? Anything I should think about before I get into this?

Thanks BP!!

@Will Barnard Thanks Will. I'll let you know if I get any other seller finance opportunities. I have a group already on this deal for wholesale, but maybe next time. Thanks for reaching out and appreciate your help!

@K. Marie Poe

Its still in the works! But I think I want to wholesale it instead. (For other reasons, the tenant situation is dicey and I might not want to sign up for it) But I actually saved this conversation for future deals. I really want to do some seller finance deals this year but had no clue how to do it. I loved your straight forward simple steps. Big thanks!!

Great thread guys! Thank you for the help and advice!

Hey Hey!!! I did it! I just emailed you @Will Barnard

Don't make fun of me, but how do you do that "originally posted by: @Will Barnard: thing??

Agreed, the financing does not make the property worth more, but I don't believe that is what she is saying. if her hard money loan costs are say $20k over a 5 or 6 month period, and by receiving owner financing, she can avoid those costs (or a portion of them), then she could "afford" to pay more for the purchase price in exchange for better terms which ultimately save money.

Yes, that is what I meant. Basically I would be giving this guy the money I would give to my HML. So he is happy because he gets a little more money, and I am happy because I got the deal. This creative financing stuff makes my head spin. I'm totally a one trick pony @Ellis San Jose !! :) But I'm trying to break free of that... I agree I wish I had someone who was good at creative finance deals in the OC area. I would totally split the profits so I can get the experience. Know anyone???

@Account Closed

Thank you so much for your answer!!! Do I need to get attorneys involved to draft the promissory note? Or are their any samples out there?

Who could help me with the process, a lawyer or escrow?