All Forum Posts by: Trayon Simms

@Rebecca Knox Thanks! I appreciate the feedback..

@Rebecca Knox Selling the LLC is the route I want to go also. It just seems as if the city makes things difficult. Do you know if had any obstacles selling the LLC..

Also can you talk a little more about the acquisition functions..

Thanks!!

So are you saying buy me out of LLC (close) on a different day? Or same day becuase I didn't think I can pull that off(double close) at a city suggested title company

Just a little back drop....

I have succesfully brought them ALOT of properties and they have given me the green light.  They don't have the time to figure Milwaukee out. So I have been given this great opportunity and in turn I will be compenated.  

I just need to get it stream lined for them.  I'm making sure I don't miss anything because Milwaukee has alot of stipulations in place.  

Thanks

@Dawn A. Thanks Dawn...

My strategy was to sale LLC which I have done before BUT my only concern is using the their title company.

I’m thinking to give that option up and choose my own title company. Which will give me more flexibility but I will not save on the closing cost.

Flipping the LLC doesn't change owner, so I wouldn't be assigning.. Are you familiar with this strategy?

Hello,

Has anyone successfully wholesaled Milwaukee city owned properties within the last couple years.

Any advice would be greatly appreciated.

Thanks!

@Bob Woelfel Yes.. I can close on them.. I actually thought about using a different company to sell them. I’ve never done that before so I don’t know what to expect. What problems I may encounter.

I also thought about using transactional funding to close on the deals and then resale at another title company. 

Is this something your company will consider? 

@Bob 

@Bob Woelfel These are REO Broker listings. They are guaranteeing clear title and covering all closing cost. I don't have to use their title company.

Hello,

I have a buyer lined up for bank owned properties. I am concerned about using banks title company. Using their title will save on closing cost, guaranteed clear title etc.

Im trying to figure out whats the best way to go about double closing when using the banks title company. Will they try to block. Has anyone had this scenario before.

Any feedback would help.

Thanks