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All Forum Posts by: Account Closed

Account Closed has started 32 posts and replied 633 times.

Post: Lurking from out in Cambodia!

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Wow! Nathalie, welcome to BiggerPockets! From so far away, too. When will you be returning to our fair country? What kind of investing is most appealing to you? Good luck, Mike

Post: Greetings from Vancouver BC

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Hello Wayne, and welcome to BiggerPockets! Vancouver is one of my favorite places! How is the market there these days? Looking forward to discussing real estate with you in the future! Mike

Post: Avoiding the DTI ratio

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Yay Alexander! Happy reading.

Post: Anyone used Ameraco "Find it and Fund it"?

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Thanks Chris, Sorry you had to experience that. I think word tends to get around on deal like this, and they would be far better of to simply refund your money and let you go away without spreading the news of their unwillingness to treat consumers fairly.

Post: Avoiding the DTI ratio

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

I wouldn't worry about having long hair. You should just go into any appointment by being respectful of the person you are meeting with - which means clean clothes, not too casual, and groomed well. Don't walk in there with jeans and tennis shoes. Slacks, or docker type pants, a nice shirt and regular newish shoes are just fine. If you want to blow them away then you can wear a coat and tie, but not necessary IMHO. Long hair, when clean looks just as good on a guy as on a gal! Good luck, Mike

Post: pre-foreclosers NOD

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

I don't know about CA but there should have been a tax ID #. Then you can look up that number on your tax assessor site. See the links on BiggerPockets at the left hand side of the page for the sites in your county. Good luck! Mike

Post: Need Local phone number service to forward to my cell

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

I use Ringcentral.com. Very user friendly and not expensive.

Post: Avoiding the DTI ratio

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

You could purchase a list of absentee owners from Melissadata.com, and send a marketing piece. When they call you back, or you call them to follow up, you could make low offers and buy at a discount. Try for Sub-to, contract for deed, or lease purchase to avoid banks. Good luck, Mike.

Post: Newbie

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Hey Steve, welcome to BiggerPockets! I hope you enjoy yourself here, there are alot of experienced members to share war stories with and help each other. Good luck , Mike

Post: realtor signs in yards

Account ClosedPosted
  • Minneapolis, MN
  • Posts 691
  • Votes 12

Davin, Not sure exactly what you mean, but...if there is a Realtor sign in the yard, that means the seller (whether that be an individual or a bank) of the house has listed it with a broker (Agent). The listing will be an agreement for a period of time, like 30-180 days, during which time the agent tries to sell the house, and if he/she is successful they receive a commission of 5-7% (or whatever was negotiated).

The seller could be selling for a variety of reasons. He could be motivated, or not. He could need the cash from his house to buy another, or not. He could be in preforeclosure, and the hbouse could be a short sale or a REO. Or he could be dead and the hosue is being sold by his heirs. All kind s of reasons, so to answer your question, there could be a "deal", or not. Best way to find out ios to call the agent and ask what the circumstances are, and you will then know whether you should make an offer or not. You are less likely, in general, to be able to wholesale a house that is listed. It is better if you can find a motivated seller and negotiate with them directly to buy the house at t discount - no agent involved, so you can avoid the sales commission. Good luck, Mike