All Forum Posts by: Ellis San Jose

Hello BP,

I am negotiating with a seller’s family on a hoarder house. The owner is 94 years old and is in assisted care. The house has been broken into several times and has 15+ cats on the property. The one children of the owner have power of attorney who I’m talking to about buying it with, but they all insist that they cannot sell the house until the mother passed away because that’s what they promised her. But it’s a huge point of stress for them and they need help. What’s a creative way to secure this house to either flip or wholesale out? Can I sign a contract with them for a certain price and open escrow with them that when the mother passes away I will get the house? Or maybe do something creative where I keep the title in their name somehow so it’s not technically “sold”? I have a very good relationship with the kids because I’ve helped scare away squatters and kept them informed of things that happen at the house, but I need a creative solution that helps them and helps me too. Let me know what ideas you have! And please be respectful in the comments, much appreciated! 

First, a power of attorney is not valid after the mother dies.  I would propose that you purchase an option to buy the property & record it on title. Make sure you know how the property is held in title & discuss the possible risk with your attorney.

Hello All, 

I have been researching wholesaling for a bit and finally started to make the leap to give it a go. Since I started three months ago, I've got three properties under contract. The challenge is that I cannot find cash buyers. Two of the three I had to split with another wholesaler. They have the cash buyer list that I want. I know it takes time but I'd love to hear tips to help build the list. So far I've been networking, telling everyone what I do, and ask everyone how I can help be a resource to help build relationships. I am involved in local REI's, on BP, etc. Any other tips?

Thanks in advance. 

James

Hi,

I want to invest out of state in Baltimore, MD.

I currently live in DC, but I plan to drive around the Baltimore, MD area to see what areas I would like invest in.

Does anyone have any suggestions on some good neighborhoods, or any advice about investing in Baltimore! Anything you give will be greatly appreciated!

Thanks!

@Rickey Miller Jr and @Ellis San Jose 

Do you find these sellers through purchasing lists or do you have a more organic way of finding them?

Does anyone use any social media marketing?