All Forum Posts by: Nicholas Tanner

Yea, you're probably right. Thanks

UPDATE: 

He emailed me the lockbox number and his phone number. I looked up his phone number in the whitepages and it matches the name he has on Craigslist, and according to the whitepages, he has no liens on his name, lives near the area im looking to buy in, and is a wholesaler. Does this make the seller seem more legitimate? 

Good idea! Thanks!

Hey, so I am looking at a property to invest in, but it's suspiciously cheap. I found the deal on Craigslist, and the house seems to be in pretty good condition which makes me think that something else is wrong. I emailed the person selling the house and his name is different from what the email he wrote back said and what the county records say which also makes me suspicious. However in the email he said the title was clean and that he was just selling it because he has too many other projects he is working on right now, but the records also say the home was purchased only 4 months ago. Does it sound like anything odd is going on about this house? Thanks in advance guys! You're all awesome!

Me and 2 friends of mine are wanting to get in to real estate, but Im not certain it's a good idea to partner. I hear that people can get into a lot of legal trouble and most partnerships turn bad. Our plan was to put in equal money and work into each house (Is that a good strategy?) so that it would be completely fair. One of the partners isn't good with money, which is my main concern. Should I go on with it, or should I think about the decision more? Thanks guys! You're all awesome!

Hey, so I found a deal where a house is selling for $4,500 (yes I put that correctly). I visited the house today and it is a different type of house that it was listed for. It was listed as a studio, but when I went it was a 3/2 with a den. Other houses in that area are selling for about $25,000. It isn't a terrible neighborhood but they are very small houses (mostly 2/1's). There was a small fire in the downstairs den area so I'm thinking that it might have been a drug lab related fire because it is selling for so cheap. It needs a ton of work but in that city the houses that are 3/2's sell for about $55,000. I'm also worried about liens and back taxes. I contacted the owners of the home, and it is a real estate company from multiple states away so I'm worried about how the deal might go considering it wouldn't really be face to face. I'm worried that the company that bought it found a lien and is trying to dump it off on somebody.  I tried to look online and couldn't find any, but I couldn't find a good website to find one (I'll keep looking). If the house did contain a drug-related fire would it be doomed permanently because I assumed that investors completely avoided houses that did have drugs in them. The carpets are really bad and have weird lumps in them (Does anybody know what that could be?) but other than a fire downstairs, the terrible carpet and the back deck is falling apart, it is mostly a good house. I am considering hiring a home appraiser, would it be worth it or is this just a deal to totally skip? Thanks, guys! You're awesome.

Thanks, Steven!

Awesome! Thanks, George!

Thanks, Brandon!

Awesome, thanks!