All Forum Posts by: Pari Thiagasundaram

Give Madison management a call. 

http://madisonmanagement.net/

Yes, we have reduced the price to $50,000. Contact info on profile and website. 

Price: $60,000

Rehab Cost: $15,000
ARV: $85,000
Rental in this area: $910 - $950/month.

KEY FEATURES
Year Built: 1953
Sq Footage: 888 sqft.
Bedrooms: 3 Beds
Bathrooms: 1 Baths
Owner Financing: Available
Lot Size: 5668 Square Feet
Property Type: Single Family Residence

DESCRIPTION

This 3 bed/1 bath Single Family home is located in a nice neighborhood. Rents in this area ranges from $910 - $950 per month. Buy this to make it your Home or add this to your rental portfolio.

OWNER FINANCE TERMS
Owner finance available for buyers if needed.

Additional Pictures

@Dharini Sukumaran, Try Amy Su (amysucpa.com) .

@Tim S., i was not happy with his service as there were quite a few errors with my rentals.

@Jay Hinrichs, 60-90 days is what my attorney told me. It took about a year as we had to fix the missing assignments. 

The borrower stayed in the property for about ~ 3 years without paying a dime!. After getting the judgement, we even offered $1000 for the borrower to move out. She didnt take that money!. It took 2+ weeks for us to get the Sheriff there and get her out.

@Jay Hinrichs, we got the property back and once we get the title in 60-90 days, will be marketing it. We have just listed our St Louis, MO property on MLS. Property looks awesome after the cleanup :)

@Bryan Pham, would love to meet during weekends ! 

@Bryan Pham, What are your chances of success if you are running the note business alone? Are you part of a larger group who share ideas/vendor information/Realtor contacts/rehabber contacts? With a large team of people to answer any questions that you may have will potentially lower your risk in this business. Lot of people on this forum are part of Scott Carson's mastermind group and share a lot of information. 

To answer your second question on purchasing notes out of state, i dont see an issue on that. I buy out of state notes mostly. Have only 1 CA note. The condo that i first bought here in CA, had a parking space selling for $20,000. !! The note that i bought during my first year in the note business was for ~$16,000 with an amazing return.

I am using Allied for some of my notes. They don't have a web portal, so if you have to go look for a particular expense, you would have to call them.

Madison Management on the other hand is also a servicing company that you can board your notes with. Talk to Shante Duffy over there.

@Jay Hinrichs, Do you buy in Columbus? One of the asset that we foreclosed is coming up for sale at the Franklin county Sheriff Sale next Friday. If you are interested, we can discuss this offline.