All Forum Posts by: Account Closed

If you get the winning bid, before you sign docs. Park outside and turn your car alarm on. He will come out at some point?

Apparently, it may be possible that in the past I might of been in a situation where it could of been in interpreted that I was trespassing. Hypothetically of course.

I Don't know how to buy something without seeing the inside. Less it's like, 10 cents on the dollar. I'll put a deposit blind, but i won't close blind. Period.

I'd be curious to learn if this is even possible. I'd love to know the premium cost too.

I'm not picking a fight. I actually felt i gave her important information for "next time" regarding her agent to be present for all showings. As for the 2nd paragraph, was simply again giving information to the forum that her information didn't add up. Apparently because she gave us all here a different name if you choose to believe her now. Furthermore, the house on another post she claims to have a contract on is still active. Again, not adding up. Maybe there are reasons why all this doesn't add up, or maybe she is a forum troll. We may never find out.

Ocala is a small town, ask around about me. Everyone knows I don't take new clients so you knowing people i know, yeah whatever if you bump into one they will laugh as I'm pretty much like this in my normal life. I call it like i see it.

Google my name and you get my cell too, or a couple of cool articles about flips i did. My clients only care about results. Buy a house for 80k and sell it for 200k for an investor and I'm pretty sure I can show up to work in a thong and top hat and they will still be happy.

In regards to her other thread....Highest and best on a 60 day old property and she goes over original asking price. Investor move....seriously?

Done with this thread. You win Jennifer, you got me on the defensive. You actually mattered in my life for the time it took to slam out a half coherent post.

You are in my backyard, I always research everything about the people in my market. Took me 60 seconds to know that your story didn't add up. Not that you matter.

Would it surprise you I look at every deed that transfers in Marion County? How about if i said I know every property that is considered "shadow inventory" Or that I watch every foreclosure that goes through the system to see if any fall into a crack i can profit from. I know every REO before the various REO agents even get their rekey order, let alone it being on the MLS. So as agents run around waiting for the MLS to update, i already know and have done my inspections.

Information is power in this industry.

Looking at trends, a 5/1 arm is about the same rate as a 15 year fixed. No brainer?

If you are that worried about what people are doing in your home than you should of required your agent to be at all showings. I can't imagine the time it would take to few a recording of even 1 camera, let alone if you had multiple.

I find it curious that Jennifer Love only owns 1 property in marion county and it doesn't show for sale. If that is your house on redwood though i'd hope you would short sale it...house is worth about 35%-40% of your mortgage.

Fannie mae shows this property back on the market. You bail on it? Pond in the back is cool looking, but 133k is silly.

Ask yourself if your agent is only working with one investor. If the answer is yes, i'd question her experience.

With the answer more than likely being no i'd wager that those investors she is also sending the same information to also have other realtors too. They have an advantage over you. Expect to yield over the long term less return than them.

Loyalty to a salesperson would seem like laziness to me. If you have other things in your life that require lots of time, it might make sense to allow this to occur.

As an agent depending on my mood will i decide to kick a client to the curb when I feel they are "cheating on me". With that said, i've done some of my best work when I was competing for a client.

Priscilla Z, lawyers advantage or island title have horrible settlement costs. Move the transaction to your local title company and have them close both sides. With your new title controlling the deed they can typically handle the A-B B-C transaction much easier. AND CHEAPER. I love some of the staff at the above 2 title companies, but I'm going to bite my tongue at the overall companies and how they operate.

Drew, pay attention to what i'm saying above and I'll add to it. If your local title company handles the A-B, they can advise your client on what the deed will look like on his B-C transaction. As for proof, ask him to prove there aren't aliens. Make the contract contingent on having no deed restrictions and he can read the deed at closing to confirm. He expecting you to have the deed in your back pocket or something?

If you don't use HUD's title company, you pay them nothing on the A-B. Their settlement costs with hud are like 50 cents or a dollar. They expect to get the buyer side too and they abuse that.

Why the end buyer wouldn't want to do this.
A quit claim deed doesn't protect the end buyer from whatever you might of done to cloud the title by owning it for a few seconds. If you screw up the timing and don't collect the quit claim deed at the table the investor paid for the entire house and owns 50% of it. Yikes!

Why the wholesaler doesn't want to do this.
Once you add on the new buyer to the contract with hud, god help you if that buyer ends up changing his mind. He is on the contract with you, with equal rights and it is hard to remove/add another person. I also see no legal way to collect your fee unless it's when you hand over the quit claim deed. I'd only accept cash if i were you at that point since nobody is protecting you (title company won't touch it).

I've done one of these before with a friend. I've done maybe a dozen same day flips with 2 closings. Costly, but safer for all.