All Forum Posts by: Sean Burke

you are welcome Anthony

basically getting the owner of the property to contract the deed over to you as the mortgage note stays in their name. You set up an escrow to pay that mortgage every month. now you have a property you own that has a mortgage in another persons name. then you have different exit strategies that you can do.

Need some input:

Has anyone worked with Delinquent Tax Roll before?

What did you sift it down to?

Date

Levy-$how much behind?

Suit-active or judgement?

If anyone has worked with it before can we chat for a few?

Thanks

@Phillip Lanier    I would appreciate it if you could keep me in mind also for wholesale deals in san Antonio. thank you

thank you Leland.  Cash flow meaning flipping? When you say outside the loop do you mean 1604 or 410. Sorry i moved here 8 months ago. 

thank you guys and gals. I appreciate all the support.

Rick Pozos i thought my number was on my info.  Enjoy your vacation. I'll call you on monday.

Michael Lee i will definitely keep in touch.that is alot of experience to draw from.  Thank you. 

thank you Jill DeWit

I have been involved in REI for over a year now, finding myself in a little rut. I was wondering if there are any REI's in San Antonio, TX that are seasoned investors that can be a sounding board and mentor in ways?

I am LOOKING FOR SOMEONE I CAN REACH OUT TO AND HAVE AS AN ACCOUNTABILITY PARTNER AND BE ABLE TO RUN QUESTIONS BY. please let me know if anyone is interested. Thank You, my name is Sean Burke

I am finding out with hard money lenders you have to bring some of your own money to the table. or find a second lender to fill the gap.  most of the time you have to cover what ever % they do not cover for purchase price and you have to pay closing costs and added fees upfront. also...you have to front the money on the rehabs or your contractor has to and then when work is done you pay for an inspector that has to let lender know that work is done and done correctly before you get the draw to pay back the funding for the construction/rehab.