All Forum Posts by: Randall Greene

I have a POF letter in my company name and enough in my business account to cover the down payment. So I'll make the purchase in the company name.

Thanks for the great feedback everyone!

Hi All,

I want to make an offer on an REO. Should I purchase the property in my name or my corporations name?

I'm afraid the bank will want to see financial statements and some tax returns for my company, and since I just started it, I don't have any of that information. I'm thinking if I purchase in my name, I can then quitclaim deed the property to my company. I just want to make as strong an offer to the bank as possible and avoid any obstacles associated with making my first purchase as a corporation.

Also, I'm using a hard money loan to make my purchase. And I have a POF letter from the lender in my corporations name, so I would have to get that changed.

Any advice is greatly appreciated.

RG

Someone has approached me about purchasing a vacant lot (residential) they own. Unfortunately, none of the investors on my buyers list is interested in purchasing one.

Are investors not interested in vacant lots? Has anyone ever wholesaled one before?

I'm trying to decide if it's something I should put my time and effort into or if I should just walk away.

Any thoughts are welcome.

RG

Hey everybody,

What are the necessary steps to take to wholesaling? As basic as you can be...don't leave anything out. Even if it seems like a no-brainer.

Thanks so much!

Thanks for all the help everyone!

@ James (and others) - I intend to wholesale it. What will potential investors think about it?

What's the best way to address an unpermitted addition when negotiating sale price?

Thanks everyone!

@Tyler - I know what you mean. These forums are addicting.

I'm new to the site and just want to say that I'm very glad I found it! Everything I've experienced so far is great!

Again, I'm amped to be here!