Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Hello,

Does anyone have any experience with a quiet title? I have a possible property that I believe will be one, but would like to hear from others who have completed this successfully?

Thank you,

Jenn & Charlie

I have a neighbor who wants OUT. They have been trying to sell their house for the last 1.5 years to move to the south. They are older, maybee late 60s, unemployed and their family is down in S Carolina.

They are trying to sell their house for much more than its worth, and they are basicly tired of everything and want a way OUT.

What are some Ideas I can use for a win/win situation?

How would I formulate numbers for a seller finance?

The property is probably worth 160k, they are looking for 239k.

Ideas ???

Okay, so I'm brand new here. I have never done a thing with real estate, including buying or even renting a home.

With that said, I feel a bit over my head here. I have yet to finish both of Dean's books, so I know there are probably answers to my questions there, but... well I'm starting to lose faith in my abilities to do this in the meantime.

Dean's books do wonders for my confidence.. But only while I'm reading them! So my questions for all of you are...

Anyone know of a Transactional Funding company that will allow me to flip as an Individual?

Most of them all require me to do the flip as an LLC.

Cannot seem to get an answer.

Anyone know of a Transactional Funding company that will allow me to flip as an Individual?

Most of them all require me to do the flip as an LLC.

Is there a formula to use for wholesaling a cashflow rental property? Single Family up to a Sixplex? I know it's different when you wholesale a vacant home.

Ok. For those of you doing remote investing from another state, how do you make sure you get your EM back from your cash buyer at closing? On my 1st deal, the buyer payed EM to the closing attny, which came off his purchase price, instead of giving it to me or my business partner or having the attny hold it until closing to give to me to cover the EM expense I had. I know I had to send $1k of my EM to Hud, but it seemed like I never got it back or part of it back at closing.

What are your thoughts on this?

Hi! My name is Wesley and, I am new to REI and am reading 30 days to Cash. Is probate real estate a good lead source? How do you find them? And where can I get more info?

It’s not new news that a major chunk of home purchases are being made with cash. For several years now, there’s been a steady 30%+ of cash home purchases fueled by investor demand. This is more true than we can prove with hard numbers, as many deals over the past few years were “off the books” in a way. Investors were buying before homes hit the MLS, buying directly from banks, and thousands of homes were purchased in bulk deals. Many of these are not in the data that reports that 30% number.

Using licensed or unlicensed labor - pros/cons, thoughts?