All Forum Posts by: Martha J Escudero Acosta

Thank you, that is correct.

The house is under contract. The contract was assigned to me. The City of Austin sent the letter to the current owner. The letter reads the house can't be sold or lease until the corrections are made.

The violations are

Old vehicles must be removed and lawn properly maintained and house painted. 

The closing on this property is July 28, The City of Austin sent a letter to the current owner that says such house can not be sold or lease until the violations are corrected. The corrections must be made before the closing date. Is it my responsibility to make this correction?

Dave, any ideas on how to make a well designed Co-Wholesaler Contract? Thank you.

Hello. Alexus, we are on the same level on this Real Estate world. Watch Bigger Pockets educational videos and read the books. Invest the value of your time building relationships. Contact Private Lenders and Hard Money Lenders, Real Estate Agents, and contractors. Go ahead and make "I buy distress properties cash" or "thinking about buying a home? call me" That way you honestly train yourself speaking about buying and selling houses and build clientele. A lender might be willing to let you invest their money on a great deal if you have the overall price of the house before selling it and how much the house will sell for. A private borrower might lend you money at 7% and some more (points) at the closing. 

Look for a house for sale, contact the owner, contract the contractor for a rehab estimate, do the numbers using the free Bigger Pockets calculator to make an offer, put on a deposit to hold your offer. Ask your Real Estate agent to get you the comps information, survey info, appraisal info (you can get this info yourself from the City Hall in the County where the home is located) and to make a contract. Go take pictures of the property inside and outside, File an application with the borrower and get the pre-approved letter, this document will prove the seller that you are serious about getting the money for your purchase. All these procedures have a name. It is called due diligence. When you get the money from the borrower get the house, fix it and sell it. If the loan fails, back up from your offer and recover your deposit (earnest money) 

You will get properties also from the signs you made "I buy distress properties cash" 

You will sell the house to someone who responded to the sign "thinking about buying a home? call me"

Investors and Real Estate Agents are found on your home mail or here at BP or simply Google, just make sure you checked them firsts. Ask BP Community.

All I wrote here is for my own training too, I hope this helps. Martha J.

Hello, Alexus, I am a newbie, but for what I have read at BP, regarding your dilemma the answer depends on what do you want to be. Wholesaling gets you in and out fast with a lesser profit but more often. Investing means that you will obtain gains in return to continue investing. Investing might take longer to profit more but way more on a single deal.

I am looking into starting a business in Kansas, do someone in the BP community live in Kansas that can share how buying and selling homes in Kansas is working for them?

Hi Doug, I just got the ABC's of building a business team that wins on the mail today. OPM will arrive soon too. How does a personal corporation work?

Great video... very informative.

If you contact Charlie Fitzgerald, with www.reiinvestorfunds.com, he might know someone in your state. We spoke over the phone and he recommended me to a friend of his in Texas. I hope this will help. He is also a Pro member.