All Forum Posts by: James Hiddle

I tested it myself and it didn't show anything on my end but I wouldn't trust anything from that site anyway. If you want viable comps find an investor friendly agent and have them pull comps for you.

Look what Gene Simmons did with KISS. He took a basic rock band and turned it into a global brand. From condoms to energy drinks the guy cornered the market in the rock band sense.

So if you can take your brand and make it shine by expanding it and marketing it the right way the skies the limit.

David Jones and Fredy F.

Either or. Some let their buyers do it as part as their due diligence but if you want to go out of the way for your buyers I suggest doing it yourself. If you have a good outstanding relationship with a title company you can probably wing a free title search.

I don't know. Buying properties on the same site where you can buy used clothes just doesn't sell well with me.

Your confusing REO deals with motivated sellers. In a REO deal when you deal with the bank you do have to have a proof of funds letter they require it. But when you deal with a motivated seller than you don't need one as they don't require one or don't care.

Now there was one incident that I read that a motivated seller wanted a proof of funds(was just an average joe not a bank)but the wholesaler told him to shove it and moved on. In retrospect you don't need a POF when you deal with a motivated seller but a bank owned property yes you do need one.

1.Find buyers
2.Find deals(motivated sellers)
3.Negotiate for price that fits criteria for your buyer
4.Get property under contract
5.Assign contract to buyer
6.Get paid your assignment fee
7.Rinse and repeat

There is more detail than that but that's the legits of it. Oh and 1&2 can be interchangeable depending on personal preference.

Bill I'm sure if they did grow on trees the hedge funds would beat us to them lol :)

And that's the thing. You either are a big boy or play with the big boys in order to pull low cap investments in NYC.

NYC seems to be the playground for the wealthy big wigs(huge hedge funds,REIT's,etc)so although it seems to be a pipe dream for small kids like me it's always nice to dream!

If you can pull the trigger on 85% ARV's than my hats off to you though those deals seem thin for my taste with hardly room for margin of error.

Actually he needs to hop into a jet fighter and fly away on full afterburner from this.