All Forum Posts by: Marquell Jones

welcome Nigel.  BP is very helpful

so fellas even if a property had a mortgage still of 50k and they have taxes for 2k, I could basically pay off those taxes and I won't have to worry bout a mortgage? 

@david I'm sorry but I'm not quite understanding.  How can the old owners pay off taxes after I paid them to get there property back? 

hey BP fam. Quick question.  I'm in Alabama and have no capital or good credit.  I've been trying to do assignments to build start up money.  Someone told me that I should pay off the taxes of a property and get started that way.  Any views of this.?

@simon that's what a sales agreement would be for right? 

@ Simon but I would be doing an assignment right? And do what 1st part. 

I'm not understanding what they mean when under contract. This is what it means to me, tell me if I'm wrong. 1.) I locate a property in think is a deal. 2.) I ask the owner how much he wants. 3.) I go find an investor who is willing to pay X price. 4.) I come back to the owner and say there willing to pay X amount. 5.) I say here I have a sales purchase agreement stating (you) the owner are willing to sell for X price and the buyer is paying X price and he has X amount time to pay. Or do I pose to have some other contract between the owner and me stating that I have 60 days to find a buyer with a clause stating ,basically no hard feelings go separate ways..?

I'm not understanding what they mean when under contract. This is what it means to me, tell me if I'm wrong. 1.) I locate a property in think is a deal. 2.) I ask the owner how much he wants. 3.) I go find an investor who is willing to pay X price. 4.) I come back to the owner and say there willing to pay X amount. 5.) I say here I have a sales purchase agreement stating (you) the owner are willing to sell for X price and the buyer is paying X price and he has X amount time to pay. Or do I pose to have some other contract between the owner and me stating that I have 60 days to find a buyer with a clause stating ,basically no hard feelings go separate ways..?

What does it mean to put a house under contract? What kind of contract do you use? If I'm doing an assignment deal? People been putting houses under contract and then having a buyer make an offer. Somebody help me. Getting frustrated.

@Hunter, I'm looking for real estate partners, and investors, looking for properties.  Let's connect