All Forum Posts by: Nickey Ramsey

@Adrien C. what is a resaonable incentive to pay an agent or other investor for bringing a cash buyer?

@Brandon Battle how would I find hard money lenders? 

@Stephen Barton I am cool headed, it is my partner (my hubby) who isn't. He is pretty much done with the property and ready to unload it...profit lost and all.. I can't talk him out of it. Actively trying to find an interested investor right now to take it off our hands. Thanks for the advice!

We purchased another investment property, but have found that we don't have the necessary time dedicated to rehab this property. It needs ALOT of work. Purchased for 57K and and trying to unload it! Any advice on how to find another investor who may be interested in taking over this Property? Would trying to list FSBO and have a wholesaler contract me be a good option? Please provide any advice?! Thanks!

Thank You all for the great advice! The inspector thinks their was a Bad Roof leak (due to neglect) but Roof has since been replaced. We are getting a Mold Expert inside the home who will do an air quality test, and remediate if necessary. 

Hi Biggerpockets! I need some advice on a first flip property purchase. Property was purchased on court house steps for $54,000. ARV: $109K-$115K. We knew that the property would need to be updated, due to age of home (1968 construction), but upon inspection of the property we found what is indicative of a suspected MOLD cover up!!! Oh NOOOOO! We spoke to the neighbors around the property and they told us that the roof was replaced in 2004. So it was only replaced once since it was constructed 40+ years ago. The previous owner was a Hoarder and I am sure probably had so much stuff piled up to the ceiling to where if their was any leak to be found, the damage would already be done....there was KILZ sprayed around numerous areas of the property (both bathrooms, kitchen underneath cabinets, in basement area underneath where kitchen is located. Uuggh... we didn't think going in anything closely related to MOLD...we do plan on getting a certified MOLD specialist inside the property. However, we are now we are concerned upon selling the property that buyers will be turned away due to the MOLD issues. Exit strategy would be to use as a rental or dump it. Anyone else have any issues with this type of situation?!

@Sarah 

@Sarah Masteller you are correct, unfortunately you don't get to see the inside of these places! Yikes...., but let's just say if a person wanted  to be creative as to gaining access to an UNOCCUPIED Shetiff Sale home, you may want to contact a Realtor (if their is a box still on door). 

Hey BiggerPockets! I am interested in a bit of insight on a condo flip. First let me say this Condo is around 1600 sq. ft and will be going to Sheriff Sale with a starting bid of $100.00, We have done extensive research and from what we have found similar condos in the community are selling for $85k-$90k. Their are no HOA's. We of course aren't going to get it for the above price, but were hoping to get around $35k or $40knand put $20k-$25k in rehab cost. The place needs extensive rehabbing, new roof, A/C unit etc. After reading through the forum relating to condo flips being a bad idea Ibam starting to re-think this opportunity. Any advice would be much appreciated! Thanks

I have my question answered! I realized that you can't be an expert at everything and I am okay with that! So I may leave the title searching up to Title Search professionals. A small mistake could cost you more than just $$$, but take you out of the game.

@Linval T. Thank You for posting links to similarly asked questions and providing your professional insight.