All Forum Posts by: Shannon Wright

@Orlando Perez There are a few meetups around here but they never work with my schedule. Feel free to contact me directly anytime. :)

Thanks Mark!! 

I'm here to help! I can close in the whole state and been in escrow over 20 years!

Why not assign it or use a Land Trust? That's what I always suggest with small spreads.

Why not do a Sale/Refi double and fund the sale with transactional funding and the refi conventional, if a lender is willing? I close this way for some of my clients. :) 

98% of my deals are investor driven, so the retail deals I have almost all agent-represented, so I have a different market share of clients, which is changing my view on this, obviously. I think a platform is definitely the way for emerging purchasers, millennials, etc.

@Encarnacion Gutierrez Yes I do. :)

Depending on if you are using an agent or not, the answer to your question will vary. A lot of investors I work with have a deadline/offer expiration on their actual contract as a way to incite a quicker response. A lot of my investors (FSBO deals) also deliver their offer in person to the seller with the hopes of walking away in contract. Some of them do literal mail-away to absentee owners and let the cards fall where they may. The mail-away option also has a buyer opt out time on it, too, so they are not under contract for a ton of properties at once if everyone responded.

I think the large variety of sellers will not allow a universal platform to take off and become all-encompassing. It's a great theory, but in practice, I don't feel most sellers who have the "steal of a deal" properties want to deal with a website. We struggle to get sellers to execute and communicate for escrow through email...most of them want a person in front of them.

@Michael Janke That's awesome, congrats!

There is no rule that says to sell vacant, just sell with the tenants and let the buyer decide to keep or evict them. I would love to handle this escrow for you!

Most conventional lenders will require 6 months of "seasoning" before you can refi it. I am not a lender but I know there is also a 203k loan program which is a rehab loan that is more along the lines of conventional lending, not hard money. 

I would love to help you close this deal!