All Forum Posts by: Nick Talvy

@Gary Siver gotcha. Well good talking to you. Good luck!

@Gary Siver thank you. Have you had any other properties in the smaller towns? I have wondered about the more rural areas and the potential out there.

@Gary Siver was this a foreclosure? I agree it is tough to find deals. I have been doing direct mail marketing but keep seeing a lot of REOs pop up. I live in Green Cove Springs looking for my first buy and hold.

@Ron S. And @Bob Okenwa thank you both.

Hey BP.

I sent out my first batch of letters to homes I found "driving for dollars" last week. My first call back yesterday lead to a homeowner who was a year behind in mortgage payments and said the home is set to go to auction in April.

1. At what point in the process do you typically see the bank's name on the property records?

2. At what point in the process is it to late to make a deal with the homeowner/bank?

3. Is short sale the only option after behind in payments after so long?

This is in Florida.

Nick Talvy

@Chris Mason I have considered this route, because it seems like wholesalers give you first dibs on the good deals if your a cash buyer. What has your experience been with then getting financing to get the money out? Do the banks require any sort of seasoning?

Thank you @Matt Leber for the insight.  I'm glad it has worked out for you so far. That sounds promising.

Will do James. I'm in Green Cove Springs. Looks like we don't live far from one a other.

Hey BP Community. I have been a silent observer since discovering BP back in September 2018. I have been a sponge trying to learn as much as possible and between the podcast, webinars, community post, books, and local REIA, I feel ready take action.

I live just outside of Jacksonville, FL and am looking to make my first buy and hold purchase this year. I'm primarily looking for SFR and the best deals obviously would be those requiring some sweat equity. I work full time as a retail manager so my hours are crazy, so I plan to use a GC and property manager. I noticed some property managers have in house GCs and being that GCs are in high demand, I was wondering how everyone felt about one of these PM GCs to help with rehab?

Thank you in advance.

Nick Talvy