All Forum Posts by: Richard Rodriguez

My mother recently purchased a property in a 55+ community and is the only one on title. I'm the only child and she is divorced. 

I'm thinking it's always best to avoid probate and was wondering if I should also go on title with her to avoid probate or perhaps put the property in a trust. 

What is the best way to go about this? 

 

@Charlie DiLisio, I totally understand your question of me getting these deals at such an incredible spread. I didn't believe it either until I found the few "ninja's" that are out here. Matter of fact there are 2 others in my farm area that have the same spreads. I'm selling a property to a buyer where I'm making 54k on the deal and I'm pissed because I think I undersold it. We are pending the closing. Would you believe that he bought and sold a deal where he wholesaled it to make a 73k spread hit and it's 2 blocks away from the deal I'm selling him?! I'm pissed because I have 1 more bedroom than he has. I knew I undersold it! Nothing in the neighborhood has sold near his price so I'm thinking he sold it to someone  inexperienced or he just pushed this sale at that price. Could be. 

I wouldn't believe me either my friend but I wish I could tell you some of the savvy things that I know. You would slap yourself silly. I can tell you this, I will go toe to toe with anyone in this forum when it comes to drive and work ethic! You wouldn't believe the backsides of people I kissed, the constant digging into public records, the schmoozing, studying, reading, watching video after video, and just a shear relentless desire to be the BEST OF THE BEST! That's me and I'm no where near done! I'm going to work until I make people pass out even if it's myself that is the one passing out! I HATE competition and LOVE to WIN! There is NO WAY I'm coming in 2nd and you can that to the bank!!!!

Remember this, you don't know what you don't know. The more I learn the more I realize I don't know anything. There are people KILLING my numbers out there that I know this for a fact! It's just a matter of time because I'm on there tracks like a Florida gator! ;)

See you at the top.................hopefully! ;)

@Richard Ibeh............I mostly do South FL now.

What is working well here? Everything and nothing. I know people doing 10 deals per month and 1 every 2 months. I only do 2 deals per month myself but my net profit is 53k per deal for the last two years. Humbly speaking, I think I'm more of a rarity though.

Buy and hold vs fix and flip? Many of the biggest wholesalers will tell you that 90% of their buyers are land lord investors and that the fix and flippers are extinct. Some of my friends that only rehab do 2-3 deals per month and doing 500k per year in profit. Most of my buyers too are buy and hold but keep in mind as @Brian Garrett he said it's a flippers market. In Palm Beach that may be the case but that comment is odd to me. That's amazing as I don't see that at all. I'm a wholesaler that specializes in hunting for deals and when I mean deals, I mean steals at 30 cents on the dollar not these "garbage-near-ARV-deals". There are tons of wholesalers out here that that put out so much junk weekly but they are surely moving it as I track the properties they are pushing. There not putting out those properties every month for years without making money. There are so many buyers down here, it's incredible how vast the buying criteria is from buyer to buyer.

If you want to know what works, trust me, it ALL works. You need to become a specialist in ONE area and work it like your life depends on it. Then you'll see it works. Trust me, I'm talking from experience. Hope this helps............

@Mike DeChristopher

Thanks Mike! Sent you a private message.

@Mike DeChristopher - Appreciate your feedback. :)

1) Are you saying, you're best leads are D4D?

2) How do you find the leads that have received the "tax taking notices letters"?

We all know motivated sellers can be found from any lead source but I'd like to know what lead source most of these motivated sellers would be found in. There is (obviously) a distinct and profound factor of leads that NEED to sell vs WANT to sell. What lead source would contain these leads?

I'm thinking the following:

1) Foreclosure Leads (either they catch their mortgage up or they WILL lose their house)

2) Tax Deed Auction Leads (either they catch their taxes up or they WILL lose their house)

Thanks in advance!

I really appreciate everyones feedback!! Thank you so much!

@Hattie Dizmond - I as well input the owners name/address to get the info but if I don't know the names or even addresses of the players, this tool is of no use for me. Pulling cash transactions in the last 12 months is probably the only the way I'm going to know. Thanks!

I am in search of finding out the names of property owners and how many properties they may own in a particular county. I was told that I could do this via the assessors office and/or the GIS department. I don't know what GIS means but can someone please advise me how to find the owner names and to see how how many property they own?

My objective is to see who are the major investors in my area.

Thanks Bryan. Check your inbox please.