All Forum Posts by: Mario Arguello

Wow this is great. I love this thread.

And @Karen Margrave if you have any insight on the last set of questions above as well, that would be great!

@Karen Margrave Wow that is great tenure you have under your belt in real estate construction and development. Thank you for the welcoming! Were your "spec" projects from the ground up or was there a building already in place for the small business parks?

Thank you @David Beard for your feedback. I'm wondering though, what are some ways to build enough trust and report with a HML other than having the track record of multiple HML uses with great outcomes? Do HML's mainly look for the track record or would a great bottom line to the HML be strong enough?

Running a business from home comes with some good tax percs. You can write off quite a few things if of course it is deemed necessary to your day to day operation. The part of your home that you use to conduct business can even be written off. Consult with a tax specialist to see what some benefits are to conducting business from home or pick up a few books and look into it.

Very great finds @ Darren Sager searchtempeset is a great site. That "free" section on CL is a great source. If you live in a big city or even the small towns, laundry mats, grocery stores and some community offices have bulletin boards where people post things up they are trying to get rid of. You can glance at these boards while your out and see what's on them. You can even make some contacts with the people that leave their business cards up.

There are many creative ways someone can go about financing their real estate deals. One particular method I'm interested in is hard money or privately financed deals.

I know that getting hard money from a lender is not everyone's "go to" in real estate, but I'd like to hear from some investors who have used hard money lenders in the past or in recent times.

What were your experiences? What made your particular deal a win win for all parties involved? What kind of hard money loan was it: rehab, commercial, investment property, multi family, development... and what kind of source: family/friends, institutional lender, private company/individual...? What was the result for you in the end? And finally, what advice would you give someone who is looking to go down this avenue for the first time?

Thank you in advance for any response.I hope to get some great feed back.

Thank you for the info Mike and Tj. Have any of you pursued any properties like these or do you tend to stay away from these? And if you have, what have your experiences been like?

I acknowledge that everyone's time is very valuable so I will thank you in advance for reading through my post/ question and I especially thank you if you have any knowledge to help settle my questions.

In my local area, I built a pretty long list of possible properties that I could assign over to local investors. I've tracked down mostly all of the owners except for a few "unclear" owners.

These few properties have an owner listed under them but the door/window signs mention a lender protecting and preserving the property. Or it just has a city sticker on them. Some just appear abandoned with no stickers or signs.

As far as I can research, most of these properties have some Notice to Foreclose document on it but no Judgement, Power of Attorney, or Possession doc that tells me a lender is in control of the property (especially with the properties that have no stickers/signs and just look abandoned).

I came across several other properties I thought I may be able to do something with. However, after a little research and digging it was clear that the name on file of the property was some lender, bank, or even the city/municipality. There was a clear Notice to Foreclose doc, Judgement, Power of Attorney doc, and then Possession doc. But with the properties I'm talking about in the above paragraphs, as far as I can research, the owner name stops with a specific individual.

My questions are, may there still be a possibility that the owner of the property has a chance to sell it if contacted? Could a lender own a home even if the name attached to the property at the tax assessors office is a specific individual? And if the lender is in control, is there a way someone could contact them and possibly purchase the property from them even though the home is not on the market?

Thank you for taking the time to answer any of these questions. I really appreciate any feedback.