All Forum Posts by: Ryan Howard

ok so the craziest thing just happened to me. I’m on my way home from Las Vegas and had a Pittsburgh pirates jersey on. Some guy stops me and asks if I’m from Pittsburgh and I reply yes. We go on to talk and somehow get on the subject of real estate. He says he is ready to retire and mentioned his first purchase was four buildings in an a+ neighborhood. We have a layover at the same place on the way home. Whats the best way to bring up seller financing?

So I just got done driving around two neighborhoods in one of the best school districts in my area and found 9 vacant properties. My intentions are to wholesale most of them and the best two out of the bunch try and secure financing to fix and flip. I've read multiple posts about finding the owners of vacant properties and have came across a bunch of different methods. Does anyone have any advice on the order in which I should start to try and find the owners of these vacant properties from best to worst? Thanks in advance. 

@Ned Carey

Unfortunately the door is all boarded up and I wasn't able to look inside.

For someone who would like to syndicate in the future would you recommend building a portfolio first and doing some flips to build up investment money and experience, or would it be better to skip that stage get a mentor and start learning everything you can about syndicstion?

@Luis Tafolla

Yes brrrr is definitely a great option. I think that's something I will take advantage of in the future. Starting out though I think I want to own my rentals free and clear to take advantage of higher cash flows until I'm able to go full time. Aiming for a flip two, rehab/rent one system using profit from the flips. Once I'm able to go full time I'll look to leverage all my rentals to start doing multiple brrr properties at a time.

@Luis Tafolla

Good to hear! Im almost positive I'm going to go for it! Initially I was planning on flipping it. But I have the opportunity to fund the rehab with a line of credit. If I go that route I was thinking I could rent it out for about 900 a month and pay the line of credit with rent. Then I would try to secure another line of credit on this property And then use that to fund all future fix and flip deals. Does the second option sound reasonable?

I've came a long way since I first joined bigger pockets. and I finally have the opportunity to land my first deal. 1600 sq ft house in id say a B neighborhood ARV around 116,000. The property went to tax Sale but nobody bought it so I called the attorneys that forced the sale and they say all I have to do is put down a 5k deposit to bring it back to sheriff sale. Best case scenario is nobody bids on it again and I get it for 5k. I'm pretty nervous that I can't see the inside but at a 5k purchase price I'm thinking it can still be a good deal. From the pictures posted below can I get your opinion so on whether to go for it or not?

So I was under the impression that a property I was trying to buy was in the name of a friends grandfather. The property belonged to my friends great grandmother but when she died I guess the deed was never transferred. The property was supposed to go up for sheriff sale in 2014 but was cancelled by the bureau according to the sheriff office. I tried to call the bureau but the lady said she said they usually don't do that and it may be the school district that cancelled it but I keep getting I answer. Doesn't this sound like a dead end or how can I find a way to acquire this property? 

@Michael Beeman

I definitely fear that it might be option one. I looked at the county website and it still shows that his grandfather is the owner of the property. It can also  be that he just made up that scenario and didn't talk to him at all. 

@Michael Beeman @Account Closed

so my friend finally contacted me back and said that his grandfather no longer has control of the property, supposedly the state took it. Is her a way I can give the grandfather the money to make up the payments? Any help is greatly appreciated I have a lender in place and this is a perfect opportunity to get my first deal done. What should I do?