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All Forum Posts by: Travis Andres

Travis Andres has started 40 posts and replied 101 times.

Post: batchskiptracing.com VS Traceestate.com

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Hey, were you able to find out any info on if either are any good?

I'm looking as well.

thanks!

Post: Real Estate Attorney in South Carolina

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Hey, wondering if anyone can recommend a good real estate attorney in South Carolina?  Specifically looking for info about Novations and if legal there.

Thanks!

Post: Novation in SC

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45
Quote from @Account Closed:

Hey BP World - I wanted to know if anyone has had any luck with structuring a novation deal in South Carolina. I need some assistance with this if anyone could help it would be greatly appreciated. 


 Hey, did you have any luck with it? would love to know details if you'd care to share?

Post: HELP? End-buyer backed out of assignment

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45
Quote from @Kevin Sobilo:

@Travis Andres, the end buyer is on the hook to YOU and YOU are in turn on the hook to the seller.

The seller has no agreement with the end buyer therefore cannot take any action to make them pay. You can take action because you have an agreement with that end buyer.

In turn the seller can take action against you because there is an agreement between you and the seller.

This is true UNLESS you did this deal as an actual "assignment" and the contract between you and the seller has "or assigns" as the buyer and you notified the buyer of the change in buyers prior to the deal falling apart.


 Hey Kevin, thanks for the info!

Yes, on the original contract it states "My Company, or designated entity" and yes, I told my realtor it was being assigned, and also forwarded the assignment contract to title, all prior to the deal falling apart.

Would that change things at all?

Post: HELP? End-buyer backed out of assignment

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Hi, hoping someone can help answer this challenge...(am I still on the hook or is the end-buyer?)

I'd gotten an on-market property under contract, but I found out it had massive foundation issues so I decided to assign it. (I never gave EMD as the listing agent didn't demand it)

A wholesaler that I know did a JV with me and brought in an end buyer, (I have a fully-executed assignment agreement stating non-refundable EMD due, etc)

However the end buyer didn't deposit and wanted to walk away, this is after the inspection period ended.

Title agent says the end buyer is the one on the hook for the EMD, but if he's not responding to them and doesn't forfeit the EMD, does it somehow fall back on me?

Any help (or referral to a RE attorney would be appreciated)

Thanks!

Post: Marketing spend for leads

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Hi, wanted to get opinions on monthly spend for marketing/leads…
thinking about hiring a company who provides warm leads, but wanted to get an idea of what realistic monthly spend is for it.

Thanks!

Post: General Contractor in Cleveland

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Can anyone recommend how to go about finding a good GC that works with investors in the Cleveland area?

Other than just calling regular GC’s

Thanks!

Post: Easy Button Leads

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45
Quote from @Corbin Marcotte:

Has anyone used Easy button leads. We hired another lead gen company (REI Call Center) and they are failing miserably at their job. Promise one to two leads per day and we are on day 20 and have got 3 leads. only one that will maybe list with us a year from now. They are super hard to find reviews for. Please advise!

Wondering the same about Easy Button Leads (saw James Dainard’s ad promoting it on Instagram, but want to hear first hand from people that are using it)
thanks!

Post: Gap funding for fix & flips?

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?

Post: Looking for $40k gap funding for fix & flip

Travis Andres
Pro Member
Posted
  • Investor
  • Los Angeles
  • Posts 101
  • Votes 45

Have a 4bd 3ba SFR under contract in OKC and looking for gap funder to help with down/closing/holding costs.
Purchase Price $175k

Rehab costs $50k

After Repair Value $300k

Need $40k, offering 20% annualized 

Please message if interested and I’ll send additional details. 
thanks!