All Forum Posts by: Shella Stephens

I will not be doing the sub 2 thanks for all the comments.

Oh wow so much to learn.  Thank you very much, Mike, I appreciate your assistance.

I am actually looking to sell my current manufactured home as a subject 2.  Is this legal?  Can Mobile homeowners sell their house as a subject 2 like regular properties?  I am in the process of researching this subject.  But I can't find much information. If anyone can direct me in the right direction, I'd appreciate it.  I am clueless.

Great post. Thank you for asking this question.   I needed answers too. 😊

Hello Joseph

Ive been going to my real estate group meetings at home depot and found out the home depot will do free estimates on properties for you.  You can just setup an appointment and they'll come on out to the location or you can choose a contractor but they say some contractors hike up prices.  Just find someone you trust, maybe even talk to other investors in your area who can help you find a good one.  Of course Matt's advice is good as well.  The back to back closing your talking about is that referring to a double closing??? If so you shouldn't have to spend any of your own money.  Your buyer should be the one bringing all of the money for the closing to the table not you.  When you lock up your the contract with the seller all you should be putting down is a minimal payment as a deposit like $10 to $100 to be made out to your title company.  Then whatever closing cost you offered to pay in the original contract with the seller will actually get paid by the buyer you sell or assign your contract to.  So there for no real money should come out of your own pocket just profit to you from your fee for assigning the contract to the buyer.  

Here's a link that will further explain the process.  I hope this helps...

https://www.biggerpockets.com/renewsblog/2012/12/10/double-closing-part-1/

Hello Everyone!

My name is Shella Stephens and I am new to the real estate investing world, I'm from California but now a Texan. My focus for the next couple of years will be in the wholesaling side of the business as a Wholesaler. I am interesting in learning as much as I possibly can about wholesaling, short sales, REO's etc. I'm so excited and eager to get started and most of all, get all the support, advice, guidance and work to be truly successful in this business!!! I am trying to be a sponge and absorb, but what Id like to do most of all is close deals. I've worked in the Customer service industry for most of my adult life but I've been interested in real estate for as long as I can remember. I wasn't for sure if it was for me but now after some reflection and the need to be more successful in my life. I've determined its time to really delve in head first, better now than never. I want to learn my market, but I'd also like to learn the market in other states and do deals across this country. I found out about this site by my daughter who was doing her research and informed me. I joined right away and I'm so happy I did. I'm already learning and hope to be making connections soon. I really need the guidance of more experienced investors but I welcome all beginning and advance. I know that this business is a contact sport and its about supporting each other so I look forward to meeting everyone. Thanks for letting me join this group BiggerPockets I feel grateful. Take care everyone and please feel free to contact me anytime. Much more success!!!