All Forum Posts by: Stephen Rowe

Thank you all for the tips!

Thanks for the tip!

  Hello Forum,

Does anyone have an investor friendly Title company they would recommend?

I signed a buyer representation contract. My understanding is that it ensures that the agent gets paid A commission if I make a purchase within a certain time frame among other things.

  I like the idea of partnering up and keeping it, I don’t know why that wasn’t my first instinct. 
  Thanks for the ideas and input!

  Hello all, I have been driving for dollars and sending out letters looking for properties in distress for the better part of 5 months. One of my leads just contacted me today.The lead is out of my price range with a downpayment I can't cover in a very nice neighborhood. Now,I have been looking primarily for properties to buy and hold and I recently (2 days ago) signed a contract with a real estate agent to work with them

I am wondering if I should wholesale it since I can't buy it. And from that, how does my realtor fit in to all of this? 

 Thanks for the reply!

I went in and found the county records and the legal description on the original mortgage that was foreclosed on matches the original mortgage and the legal description on the MLS report. The inconsistency I suppose lies outside of the paperwork.

I had my agent contact the sellers agent about this and she has yet to hear back.

 Hi all, I am at the beginning of a deal and found a strange piece of information. 

The deal is a single family 3/2 that is partially renovated and the seller is an REO. The plot is 17000sqft with a large 1000sqft shed/garage further back behind some overgrown bushes. This is in a city too. Initially, I was assuming that the whole plot was available and looking at the process for splitting it. However, before we looked at the property, my agent informed me that only a portion of the plot was for sale, the house and yard (around 7000sqft). But, that if I bought it, I would be on the hook for the full property tax assessment for all of the land. I looked at the county records and the parcel is still intact so that checks out. It feels a little fishy.

My questions are, 

Can the Bank sell just a partial plot without splitting it first?

Is there room to negotiate with an REO about getting a new price for the complete plot?

Has anyone ran into a situation like this before?

Thanks in advance for any info on this issue,

Stephen Rowe

Does anyone have a home inspector they'd recommend for a first time buyer?