All Forum Posts by: Andre Vitalis

@Zamiah Izayah

Ok so your experience skip-tracing Propstream leads in Mojo hasn't gone well. I'm sorry to hear that. When u say either service sucks, what other services are u comparing them to to make that claim? I believe your Propstream leads are fine. U may want to look at alternative skip-tracing services. Propstream has its own ST service. I haven't tried it tho. I personally use 'NeedToSkip.com' for my skip-tracing needs or I may use 'TruthFinder' for onesie-twosie leads. I've been happy with the results from either service.

I love networking. I look forward to this event. See you all there :)

Hey BP, I recently started marketing to homeowners who post their property online as rentals. A few of the owners i spoke with expressed an interest in selling their property to me on a lease option. I'm looking at one potential property where the owners asking price is 35% below market value. I got this far but don't know what to do next. Any advice from an investor, RE agent or attorney who is familiar with lease options in NC would be greatly appreciated. 

Hey Fernando, My current favorite is 'Freedomsoft'. It's an all-in-one CRM. I thinks it's great for any level of investor especially the beginner on a budget and easy to setup and get going. I used to use Podio (free) but integrating other commercial apps/utilities and keeping them working can be a chore at times. Still like/recommend Podio but i like Freedomsoft a little more. Hope this helps.

Andre

Hey All, Can anyone name an attorney(s) in the triangle area who works with investors doing Lease Options? Thx.

Hey Jen, I would contact @Patrick Jackson for Podio content management advice. I haven't used Patrick myself yet but he was recommended to me for training so i'm just paying it forward. I hope he's able to help. Let us know. Happy Investing!!!

Hey All, Thanks for the feedback. I always say... 'You learn something new everyday!' This is the first time i've come across a seller who didn't want to share that information. This is my 3rd potential deal as an investor. According to a majority of you who responded, i don't necessarily need mortgage info to make the offer. I guess i can adjust later.  For me, knowing the mortgage info is useful for negotiations and helping me to determine my exit strategy. Should it be a Cash, Lease Option or 'Subject to' based offer. More equity, i focus on 'wholesale' and 'seller finance' based offers. Little equity, i focus on 'lease option' and 'subject to' based offers. 

@Andrew Kerr I like your idea. I looked up the sellers property tax info. I know what they paid for it. 

Quick question. I'm working on a deal where the seller does not want to reveal any mortgage information. They will only tell me that they have owned the property for 8 years and that the mortgage owed is small and current. I've got a solid ARV on the property and want to present the seller with a multiple option letter of intent 1) an all cash offer (deep discount) and 2) one on terms; small down payment with the balance payed back over time. Without the mortgage information, what's the best way to approach this? Thanks.

@Jimmy Cantave, At the end of the day, closing a probate deal is no different than closing a deal with an FSBO. The actual move toward closing is dependent upon how fast the PR's wants to sell the property (w/o encumbrances) and whether or not i have a buyer ready to make the purchase. Hope that helps. Happy investing!!!

Thanks @Gene Hacker. That's a great tip. Find out what their motivation is. Got it!