All Forum Posts by: Account Closed

Sure you can. But you do need to get each one notorized before you take it to the recorders office to be filed. 

Sure you have to find the right title company that will do this. They basically close the deal backwards. Meaning they close on my buyers part first to get the cash in my account to pay for the property. I don't have to bring any money to the table when I do that. The only money I have to pay is the initial Earnest Money Deposit when I get the contract signed. 

Hi Richard, I am an investor and wholesaler here in Orlando. Welcome to BP.

My advice to new investors is to start wholesaling properties. This is the quickest and best way to get started with the least cost.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. There should be some. Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close.

Many times the owners don’t update their mailing address with the county so you may get the letters returned. I use beenverified.com to get the most updated info. It costs me $24.95 a month but it is well worth it because it also gives me email addresses and phone numbers.

If you are going to buy the property, fix it up and then either sell it or rent it then you are through.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. This typically is investors. Then again go to the assessors website and find their name and mailing address. And again use beenverified.com to get the best and latest contact info.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.

Steve Anderson

Mortgages ARE NOT wiped out at tax deed sales. All liens are still on the property. To get them wiped out will take time and you have to hire an attorney to do a Quite Title. 

@Todd Magin then if you are hiring a local management company then it really does not matter where you invest. I am in central FL (Orlando) and there are many great deals all over Florida. Also I can recommend another BP Member that her specialty is property management and she is also a realtor. Her name is @Valentina Naumenko. Call her and she can give you some advice is you want o look into investing in the Orlando area. I can't give you her contact info in this message thread but look her up and you can get her contact info. 

I have many off-market properties from all over Florida. 

Do you plan to manage the property yourself, or hire a management company?

I have had great success in appealing to the sellers emotions of solving a problem for them. As an example with I was working pre-foreclosures in Missouri, my message was very personal in nature, with a picture of my family. NOT the typical message everybody else gives: I'll buy your house for quick cash and close quickly. I do the same thing now that I'm in Florida and marketing to vacant house owners, out of state owners, pre-tax deed auction, probate, etc. I am getting a lot better than a typical 1% response for direct mail. When I was sending out 1 mail piece to preforeclosure owners in Missouri, I got an average of 14% call from my only 1 letter.

You need to have them sign an Assignment agreement, not the contract. Yes get POF. Yes get them to pay an escrow payment to the title company. Once the Assignment Agreement is signed then turn over the contract to them to perform and give a copy of the assignment to the title company.

It's instantanious if you have the right internet resources, like RealtyTrac. Depending on the county you are in sometimes the assessor's website will show it.

Are you selling it to another investor? End buyer?