All Forum Posts by: Michael Lee

Hi @Tirzo Quintero

Welcome to BP, nice to meet you. What are you looking for in particular? If you want you can shoot me a PM. 

Good luck!

Hi Robert,

What does the original lease say?

At this point as Dan mentioned, its time to get your attorney involved, since they have theirs.

Please keep us posted as to what your attorney advises you to do!

Hi David, have you checked the MLS, going further back in time? I would even look at the active rental listings and what others are asking for, the conditions, and look at the days on market.

@Asher Carr What's the ARV?

They dont have any equity in the property anyway, its a matter of finding a way to convince them to trust you, that you will pay off their mortgage. 

Becuase there is a cost for even using your own money or private money, you can actually offer the seller more if its cheaper to do subject to, and give that extra to the seller. Hope that helps

Gotcha, and what is the reason for their objection to subject to? 

Depending on what their interest rate is, perhaps you can offer them a little bit on higher so they can get some cashflow if it makes sense for you

Hi @Asher Carr,

What is the properties arv? How much repair? Is this a flip or a buy and hold?

Hi @Rigo V. , Depending on what your plans are, yes there are definitely benefits in getting a real estate license. With the access to mls, you can run your own comps, easy access to properties, and list your own flips. 

However, there are some cons, such as what you are or are not allowed to say to sellers.

And yes you will have to hang your license with a brokerage to get MLS. Depending on if you will do any real estate transactions, any ole brokerage will do.

Hope that helps!

Are you looking for a conventional construction loan? I work with several lenders that do that, send me a PM.

Hi Michael,

What part of Monmouth are you focusing on? I have a good contact for attorney that’s investor friendly, lets connect.

Best of luck!