All Forum Posts by: Maurice George

Hey everyone, I've paying more attention to houses and neighborhoods near me. I've noticed a couple vacant houses nearby so I decided to look them up through the county. There's one that was foreclosed and the title transferred to a bank in 2014, so almost 7 years ago now. Reading through similar threads the typical advice is usually "wait for it to hit market", but after this long I feel like that's just not going to happen or it hit market and had no takers.

Does anyone know what's up with situations like this, and if it hasn't sold yet will it just sit forever? 

I saw his content on Youtube and thought he was legit. After getting a call with his 'Fast Track with Jerry staff' they tell you you need to put your personal savings, 401k, credit cards into paying upfront for Jerry to even talk to you. That's how it works. THIS IS A SCAM. I will not fall for this - it's sad to take advantage of people like that. I'll pursue my own career, and get money from OPM never put a penny of my own into the investments. 

The properties on Auction.com usually fall into 2 categories.  Some are active foreclosures that are about to be foreclosed on and are basically advertised on the site by the Trustee(Some states have a different name but it is the one handling the foreclosure for the bank)

Other properties have already been foreclosed on and the bank is trying to sell them. However, many of these banks have the opportunity to collect on mortgage insurance from FHA, FNMA and the like. So, given that, there is little incentive for them to sell the property at a steal as then have the option to collect on the insurance

In the past few years, flipping houses has been a major source of income for me, but deals have been so hard to find this year, that I've only flipped one house all year. Would this be a good time to shift my focus to starting a new business (like a home services business) to generate income, or should I just double down my efforts on finding flips? What are other flippers doing during this time?

@Greg Dickerson @Danny Webber @Klint Ruud @Evan Polaski @Steven Foster Wilson I believe the GC route is right for me. However, I have no idea how to generate leads for this business, as I don't ever hear other GC's running ads etc. What is the best way to find my first customer?

@Jay Hinrichs

Thanks Jay, I am actually getting ready to sell. The market is really hot and we are getting over asking price. I am very sad to see this investment go after all the hard work but I am grateful for the experience.

@Steve Babiak  In one of our Federal Tax Lien situations, the IRS informed us that ALL notices were faulty.  And to be proper notice you needed to notify all of the following:

1.  IRS office for individual returns for that state, where the property was located

2. IRS office for corporate returns for that state, where the property was located

3.  The US Attorney for the region where the property was located

4.  The Attorney General of the United States.

Their position was that unless you notified ALL 4, notice was incomplete and faulty.  So we sent certified letters to ALL 4.  

I know this post is old but I am having the same issue because I live in MS too. It is very difficult to find my first couple of deals in the Jackson Mississippi surrounding area. I started advertised through Craiglist, Linkedin, and Facebook Marketplace to build a buyer's list and the buyer's criteria. 
I am just getting started with Real Estate Wholesaling. 
The thing that confuses me that people state that you can get started with no money and no real license but don't go into the specifics on how to get started. I am not incorporated yet. Do I need to get incorporated into an LLC before I start Real Estate Wholesaling? Do I need a real estate license to get started as well? If you are from MS, what is a good title company to do business with? If I do need to get incorporated in MS, where do I go to set up my business and what are the costs?