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

Hi All,

New here but I am hoping for some creative solutions to get this deal locked up and then buy or assign.

Home is 4mo gone and set to be auctioned in June.
I am figuring Mortgage around 155k
Home Value est market value 250k

My thoughts are to offer 175-200 and they avoid FC or LM on Cr. This gives 25-50k to go purchase or rent or whatever. The bonus here is they could rent the home from me/buyer so they could stay in the same home if desired or move.

Is this realistic as they could simply sell and make even more?

How would you approach this to save owner's credit and lock the home up before it gets to the courthouse?

Thanks in Advance and have a great day!

I am trying to buy a property on Tuesday for ~$500k from Auction. Details are below.
I need 125k - with 1200/mo payment OR 500k - with 4800/mo payment.
Obviously the later would be best and we could even go to slightly higher percent. (up to 8% 15year fixed perhaps?!)

The kicker here is I need this available by this Tuesday April 4th. Can you help me? Call Text or Email if this is something you can do. Thank you.

Devin Boyle
469-585-4969

Asset
24 Unit Low Income Apartment Complex - Fully Leased
Existing USDA Rural Financing ?
Existing Property Management Group

Liability
Mortgage - $500,000 at 6% fixed 15yr term

Income
Minimum - $11,000/mo in rent
Maximum - $13,200/mo in rent
Annual - $132,000 to $158,400

Expense
Mortgage - $4,800/mo

I'm back.

First post in a few years.

I have a buyer from out of Town that's snatching up properties in the 5-15k range. IF YOU HAVE SOME, SEND ME A EMAIL ASAP.

OR TEXT ME

BIRDWATCHERS, WHOLE-SELLERS, GUY ON THE STREET.. If you have some properties or know someone then we can do a few deals.

Stan

Can anyone help me to figure this out.
I have a new real estate agent and she sent me some new listings.
With the listings she included some short sales, how would I go about assigning a short sale, if this is even a consideration for us wholesalers.
Is it better to just get regular listings or foreclosures rather than messing around with short sales.
I'd welcome some resources to gain more knowledge with the entire subject of foreclosures and short sales as it relates to wholesaling.
All advice is appreciated.
Thank you all!
Angel.

Hello Everyone,

Has anyone here have any experience with foreclosure properties?

You all know that receiving a property foreclosure is one of those situations that no one of you wants to face. But, there comes a hard time in the lives of many when they need to face this critical situation.

I a asking this because i want to invest in foreclosure properties.

Any advice or input from your side will greatly appreciated.

Thanks
Andery

Hi All,

Meeting a realtor today to discuss deal-finding.

Do I need to sign an exclusive with her?

Does she have any right to ask me to?

Kind of new at this; not sure what to expect.

Do I just cast out as wide a net as possible and say, whatever realtor brings me the deal gets the commission?

Is that how it works?

Grateful for any feedback you may have.

Looking for an apartment complex in Detroit, off market. CAP rate on 8%. $2.5-10 million.
Contact me if you have this. No long chains please.
Amy Haggerty
haggertyhill at embarqmail dot com

Hi everyone, my name is Bryant McEntire ... I am real estate investor and am also an active member of the DG family.
I have something so new and exciting to share with everyone here today that I hope will leave you excited too as well as put you on the path to getting some new real estate deals that you couldn't get your hands on before you learned today what I am about to share with you

For starters let me give you a little bit of a background on myself ..
I have been investing in real estate now for about five years and it all started when I bought deans book and read it... Since then I have done about 70 real estate deal in my home town..anything from buy and holds,fix and flips,to all types of wholesale deals

Hello DG community,

I am a new investor/wholesaler. My first wholesale deal is currently in the process of being completed. I am so excited/motivated now! I have a few good realtors I am working with, and now im on the hunt for deals.

I have found a few homes just by browsing lists of recent foreclosures in my area and I wanted to know how you can purchase reo properties directly from the bank? Is this only possible with smaller banks who have reo mangers you can make direct offers to?

The home i want has been foreclosed on by US Bank National association and I know they use chronos solutions to list all homes. They list for full asking and use realtors. Is there a way to make offers to us bank before they go to the property management company they use to list the homes?

Hello,

I have a question for clarification that I would appreciate some help with in regards to wholesaling.

I don't understand once your offer is accepted by the seller, how do you get a contract and earnest money to that seller.

In other words John is going to sell me his house for $X. How do I get it under a contract? Do I write it up? Is there a template somewhere? Does an attorney or title company take care of this?

I'm stuck with moving forward as an investor because I don't see how to get from a verbally accepted offer to locking it in with a contract.

Thanks in advance to everyone that can help me.