All Forum Posts by: Michael Gayer Jr

@Account Closed ,

Hawaii Probates can be found online?  Can you Personal Message me about how you did this? 

Thank you.

@Account Closed , 

How do you know if the properties you found driving around are Probates?

@Theodora Auwae , 

Months ago I loved the idea of using Tax Liens list with the possibility of getting the property in the end.  But found Hawaii is not like the mainland with its strange rules.  So I did not pursue it.  

Maybe just invest in the Tax Lien itself (not in the property) with the ROI payed to you at the end of the year. ???

And do Tax Lien/Deed Investing in another state.  ???  

Consider it.

@Theodora

@John Anderson , then that's NOT Transactional Funding.  Using the End-Buyer's money would be a Simultaneous close.  

Transactional Funding is actually closing on the A-B leg with Financing from the Transactional Funder. Then having a separate closing (same-day or within 3 days) of the B-C leg.  

@Nikki Garner ,

If you purchase a property and wait 30 days (in your example) then it is not Transactional Funding, but Hard Money.  Most Transactional Funders will do same-day and possibly up to 3 days (depending on State Laws).  You can contact Transactional Funders and ask your questions - each one has different requirements.

Hope that helps.

Transactional Funders have REAL money they want to lend.  They need to protect that money somehow.  If you were a Transactional Funder, would you do it any other way?  For the most part the Interest & Fees charged from a Transactional Funder is much LESS than using Hard Money.  Transactional Funding is a very viable way for an Investor to seek in Purchasing property.

If the Investor works with an RE Agent who knows the market and can advise along with advertise the property, then everyone wins.  

But if the End Buyer is not lined up, then the deal falls apart for everyone.  But that can be said about traditional owner-occupant transactions when financing falls apart. 

There is no guarantees, but Transactional Funding is a Real & Viable option ... as long as the Investor knows what he/she is doing and does everything they can do put the deal together.  If the Investor doesn't know what he/she is doing, no matter what strategy or funding source, it's gonna crumble!

@Vick Galu glad it helped. 

Aloha Maui Investors & RE Professionals,

I had a Seller reach out to me with a property on Maui. I live on Oahu. Any Wholesalers or Cash Buyers want to partner for this potential deal and future ones?

Also need recommendation for Maui Title Company and Agent or someone to go look at the property.

Thank you in advance,

Mike

@Vick Galu  

Just for my own information, I like to (1) go to OahuRE.com ; (2) click on the Tools tab at top of the page ; (3) Click on Realtor's Sales Summary .  This will let me know if the "talk" matches the "walk".  Most agents make 0-3 sales per year.  If you know this number ahead of time (what their sales are), then that should help you in your decision making in regards to what they are saying to you.

Not really answering your question about WHAT to ask them.  But information that can help you before the meeting even takes place.

Hope that helps!

@Vick Galu undefined