All Forum Posts by: Stefanie Bergmann

Welcome Shawn,

If you're looking to buy a property that's listed, any good realtor will usually tell you to get qualified first. You wanna be able to make an offer as soon as you see a property you like, and almost everyone will request your pre-approval letter to accompany the offer.

If you'd like I can recommend a great mortgage loan originator with lots of experience doing VA loans. She is a military wife herself and local to Ft Lauderdale

thanks everyone, very good advice! I had the same thoughts and decided the deal is too thin. Plus, it doesn't rent for very much, I wouldn't even buy it as a buy and hold for myself at $290,000 ... so on to the next one...

does anybody use hard money to buy a property that they just happen to get at a really great deal and then turn around and sell it without changes?

this particular one is an off market deal so my biggest fear,  that they see i just bought it for x amount and then try to sell right away for x +, doesn't apply in this case.

I would want to buy this property at $290,000 and try to list for $360,000.

This just doesn't seem like a very big spread and i would fear that it would sit on the market. I do think I can make money on this but I don't know how. This is a condo btw which doesn't exactly make the situation better.

if your plan is to rent it out I don't really see any positive cashflow for you, unless you put a very big down payment.

But it never hurts to ask.

i work s a realtor and investor.

as a realtor, i mainly sell residential and have lots of REO experience. (I used to work for a Fannie Mae agent, so I know lots about how Homepath properties are sold)

as an investor, I have wholesale and some flipping experience and am really looking to do more flips, as well as buy and holds.

I really don't want this to sound rude (especially cause I certainly am not more experienced or savvy at wholesaling than you) but the fact that you marketed her house on craigslist would make it very hard to make a case for you having special 'connections and expertise'.

Not saying that you did was dumb in any way, but I'm sure you're aware of how this must look to her.

I am looking to find some motivated seller leads for Subject to deals. I believe that until they are already a few months behind, nobody but them knows about it.

Is there a way to find them besides advertising?

I don't know about CA law, but here in Florida giving a referral fee to a non-licensed person is definitely not allowed.

As for soliciting someone that has their property listed, that on the other hand shouldn't be a problem if you don't have a license.

It honestly sounds to me like it was a calculated plan. I would bet that they were never separated and knew that this would be the only way to get a lease.

Nevertheless, that doesn't change the situation.

i am a Realtor and we have people coming to our office to present their services all the time, and we had someone come in and tell us about a process they use to clean mold and odors, specifically smoke with machines using hydrogen peroxide.

They are called Biosweep and I believe they operate nationally. It sounded very good, but I have not personally tried it.