All Forum Posts by: Xavier Xthrax

I am looking for an online service that will post and update my Real estate listing online to multiple websites, free or not such as zillow, Craigslist, realator.com, landwatch, etc all in one motion. I am sure a google search would reveal a few solutions but I am posting because I want personal recommendations by people in the field. It worth noting that I mostly deal in land so not all of my listings will have an address but most will.

I am just tired of having to adjust login everywere when I need to adjust a price.

Thank you for your time.

You are correct, I forgot to mention I was targeting vacant land. 

Sorry about that, slightly important ;-)

 Makes sense. So as far as the title company is considered. I only need a sale agreement with a note, but not necessary a mortgage unless the seller asks for one, which is highly likely.

I was under the the assumption that The Dodd-Frank Act applies only to residential mortgage loans, so Dodd-Frank does not apply to loans secured by vacant land, which I am targeting. And I dont think it applies to non-consumer buyers, even if the property being purchased is a residential property. Such as a corporations which Is my vehicle for investment.

I could be wrong but thats what I found in my research.

I am thinking about sending out offers to buy property were I offer to make payments for the deed to land. So at the closing I would receive the deed and then start making payments.

To make this happen I realize I need to offer a sale agreement with a note (with my terms).

My question is would I need anything else and long as the property is free and clear? Maybe a mortgage?

Thanks for your help.

I have a nice little lot under contract and its a bulidbale lot but could also be considered wetland. (Its in Florida) One of my cohorts suggested the possibility of selling it back to the county. Maybe as a future Park or something. I did not know this was possible. Has anyone else ever done this and if so who did you contact at the county?

Thanks for your time.

 Thanks for sharing your knowledge. Yep its a sales job, one that I can replace myself with one day. But right now I have 20k + address I have aggregated directly from Counties and local municipality and I cant send everyone a letter but I also want a guesstimate on how many deals I can get out of a certain number. I also would not want to overtax myself with too many calls.

Planning on doing direct marketing using post cards to open code enforcement address. I have a LOT of address but wanted to poll you guys to see what your Direct Mail-toDeals conversion ratio is. I dont consider responses to be relevant. I know if will be different in every area but if you would be willing to give me the state that your market to and how many sent vs how many deals you get signed. That should give me a better average of what mine may be. I am marketing to FL by the way.

Thanks for your time.

 Looks like you have been doing this for a while. How many times have you had a note called because of the due on sale clause. It keeps me up at night.

I have a deal where a relative of mine sent me about 20k to buy a house for his son to go to school. The plan was I would assume the loan, he would donate the money, and would also receive interest in the property.

I few months later House is purchased but I found out there is a clause in the mortgage for the lender to call the note if any interest is transferred. So now the relative wants the money back right now or wants to turn sent money into a loan with the security being the house. The way I would pay off his version of the loan would be to let his son live there for free and deduct an amount each month until its balanced. I did not like this solution because it means negative cashflow and I would question the enforceable of the lease.

Right now, I have about 10k in cash, and 5k in credit card balance. Looked into getting a small personal loan but all offers seems to have unreasonably high interest.

What do you think is my best solution in this situation?

Should I go for the small personal loan that is at least unattached to the house?

Or maybe I should split the interest like the original plan and pray that the mortgage lender never finds out.

Thanks,