All Forum Posts by: Susan McCormick

email me if you are interested
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Welcome Eric and read and read on this site.

Thanks Bill and Kevin for the advice! Great suggestions!! Have a blessed day to you two!
S.

Selling a mobile in a park-no land to a young couple, want to finance for 6 years, 7% int., $1500 down, sold as is, pymts. 300 mo., they pay lot rent $300 mo and ins. (policy made to me?) and taxes. SO , Q: which is the best way to sell to them? WHereas , if they default, can get them out easily? Option or land contract? Thanks in advance.

Okay, folks here I go again. Supposed to meet a guy today about a house, okay house, had it just inspected for termites, which it has quite a bit of damage. Plus leaky roof and dilapidated porch from roof leaks. House is seemingly okay inside from window peeking, has nice wood floors and old Fplaces too, even chandeliers! Well , it is in an ok section of town-aah does have section 8 in the "back Yard" , oh well, but one similar last year or so sold for $85k. okay, the guy paid $45k now he wants $55 since I told him MY plan to flip it, he since became ill and cannot rehab it himself-so really wants out. I buy/it for $55k and flip for $65, enough spread to make a deal for a rehabber?? Comps from Freedom soft say value is $96k, but I do not know HOW extensive the termites are, and it looks also like the plumbing and heating stuff may have been robbed also. SO, biggie Q.-would another investor even want it? Okay, I just answered that myself---"JUST DO IT" NIKE that house! Have an escape clause...right and give it a whirl!! How bad could I mess this one up?? Okay, no real book here, just nervous----again! Thanks in advance. SSM

Okay, here it is. A friend of mine knows of this property-not yet in foreclosure, as he contacted the mort. holder, he contacted the owner-she wanted alot before it went to F, now she moved out-lives in another state. So, now SHOULD I contact her, contract it, (assigns) and FLIP it to my friend ?IF so, the property is a doublewide older on 1ac and the mort /bank will want lots more, so settle with her for how much? THANKS so much in advance-as this would be my first deal as a flip. [EMAIL REMOVED] :roll:

I see postings of folks in the newspaper, what can I do with this information? Need the step by step process-IF anyone knows, this would ge GA law, which is a dual process. I know to look for the properties that are the oldest. How to get the property before it goes to the auction? Details please and thanks in advance. Also, no REI clubs in the area, so a mentor would be most helpful. If someone knows of a mentor in my area=GREAT!!

I ran an ad-hopefully for a potential "flip", newbie, the lady called saying she has 4 houses that will go into foreclosure. How to deal with this dilemna and help her and me? Suggestions much appreciated.

Hi to everyone in BiggerPockets! My name is Susan McCormick, from the Golden Isles of GA, Southeast,coastal near all the Islands.I am a RE Broker here, but first was an "investor" meaning I just bought properties and had tenants and did some Rehabbing. I am not the traditional agent, but remain an investor-that is my passion.My goals are to find a Mentor/partner and learn what real investors do, like wholesaling,options, short sales. Then I may buy and hold properties. I would also like to do some commercial flips and the like to further myself and one day Pay it Forward for someone else.