All Forum Posts by: Sahleem Lee

@John Underwood I plan on getting it for a cheaper price! I think I’ll be able to tackle this successfully.

@Jeff Copeland thanks for the advice! I’ll let the attorney handle it.

Hope everyone on here is having a great 2020 so far! This’ll be a lot to take in, but please share your advice.

PP- $18,500

Repair- $30k (includes all fees and holding cost)

ARV- $88k

I’ve been plotting to buy this property for about two weeks or so. I got in contact with the owner and she was very motivated to sell, which made me extremely happy. When it came to having the contract signed, she was very hesitant. After leaving two voice mails and a text, it finally came out that she had a cloud over the title.

A few years ago, she put the house up for sale and she got a buyer. She asked for a written offer letter, but was manipulated into signing a purchase and sale agreement. She’s much older in age and trusted the representative to be honest about the documents. She received a higher offer on the property and proceeded to entertain that offer instead.

Around the same time she received the other offer, the 30 days has passed on the contract she signed. Countless letters have been sent to the home owner, threatening court and all types of legal matters. She doesn’t want to sell to the company anymore because of the situation, which is very understandable. It’s been years since they’ve attempted to contact her, but she’s had countless of buyers back out because of the cloud.

My thought is to call the company directly and bargain with them about it. She’s willing to pay them out of the purchase price to get rid of the cloud. Their original offer was 12k but she’s not willing to pay the full amount.

Any advice on how should I approach this? Or should I have an attorney help to make this go away?

@Andrew Postell Thank you! I’ll put this to action and update you on the outcome!

@Michael Ealy so pumped and motivated by this!! Thank you for sharing.

@Andrew Postell No and that’s why I’m here asking anyone with experience. I’ve researched but found very little information.

I have a good idea of how a HELOC works but not the full story. I want to use a HELOC for the rehab of an investment property that I'll be purchasing soon. But I'm at a halt because of the extra Reno cost that came up. So I thought about using the homes current equity as the repair budget.

Is the house appraised prior to the HELOC being issued? Or is it issued at its current value? Does anyone have any experience on doing so?

PP: 35k

Repairs: 50k

ARV:130k

After the property is rehabbed, I plan on renting, refinancing and paying off the HELOC. I'm

open to all suggestions, tips and tricks.

@Jerryll Noorden I will get right on it! Yes those list have been ran through by hundreds of other people already.

@Greg Dickerson very much appreciated I will look into those methods you suggested!

So yesterday I went down to the court house and asked for probate files. The clerk knew exactly what I was using them for and immediately gave me ten files. As I was writing, something dawned on me, these files were already searched. At that point I felt like I was wasting time.

To make a long story short I went home and skip-traced all of the owners and they were already contacted! These houses just went into probate not even a month ago. I’m trying to find an easier way for leads, my bandit signs are being ripped down a few hours after being posted.

So has anyone had any success using click funnels?