All Forum Posts by: MJ Barnett

My lender is tried & true. I ask all my clients to use him. He's fast & best deals & waive all lender fees for my clients because of our relationship. If my clients don't use him then I still introduce them & let them know he's a back--up. He's saved a handful of deals for me at the last second because the original lender couldn't do it. My business is important to me so I am nervous about lenders especially the ones found only online. If my client opens escrow I want to make sure they close.

Just my input.

3 Votes

Octavio,

One of the biggest hurdles is knowing your numbers. A $100,000 spread is nothing when your wholesaling a $500,000 house. Many wholesaling "deals" come across as simply really good off market properties for regular buyers though an investor has issues with turning a profit. Plus it's important to know timlines it would take to build into a beach property.

Best wishes for a prosperous year!

0 Votes

Ivan,

Welcome! I'm new as well from CA. I found great info from the podcast.

0 Votes

Originally posted by @Bill Larsen:

Hi Alan - I looked into probates about a year ago. I believe in order to get the info I had to go into the probate court, get on one of their computers, and get info printed out. I also would have to look in each file to see if there was property in the case.

I'd recommend looking up Paul Horn, he does seminars that are very good. You can also pay to get weekly emails of new probate cases. For me it was worth paying to get those leads because it's so time consuming to get them on my own

Alan, William has the best answer in regards to paying for them or going to the county recorders office.

I'm a Burbank Agent & that was what I found when I was thinking about probated as well.

-MJ

1 Vote

Definetly open up a title/escrow! Make sure title does a full up to date search & that they will give you clear title. You may want to get in writing the owners release to talk with the two banks to see what extra fees may exist because of any default payments as well.

Good luck!

0 Votes

All Forum Posts by: MJ Barnett

MJ Barnett has started 4 posts and replied 66 times.

Post: OFF MARKET FIXER - California - Woodland Hills

Post: Buy and Hold opportunites (up to 100k+ below market price)

Post: Project in a very high demand area of Pasadena

Post: Off Market deal in Canoga Park/ Winnetka with amazing comps

Post: Single Family Home in South Pasadena with substantial upside

Post: How much do I trust my realtor?

Post: Wholesaling

Post: New member from California

Post: Getting Probate Leads

Post: Possible Sub 2 Deal? Can someone advise?