We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
December 05, 2021, 01:43:07 pm
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
December 05, 2021, 01:43:07 pm
Home Help Search Calendar Login Register

Author Topic: Wholesaling. Need help pls  (Read 2143 times)

Offline Godson

  • Member
  • ***
  • Posts: 137
Wholesaling. Need help pls
« on: June 06, 2005, 02:42:20 pm »
This how I am assuming to put a deal together. I am from indianapolis, IN

1. Go to the court house and look for homeowners in NOD(notice of default) I tried getting thses listing from title companies her in my state. So far they are not provided.

2. Contact homeowners by phone or letter. Once contacted ask about the property, liens, back arrears and repairs.

3. Run some Comps in the area to find out what the ARV will be.

4.Then get the deal under a purchase to buy contract.

5. Run a title search. Title searches here in indianapolis run from 125 and up.
is there anywhere else I can run title search

6.If for example 110k is owed 1st and 15k owed on the 2nd but the FMV is 125k,, should i try and do a short sale with the bank?

7. Once al that is down, find a buyer and have him inspect the house then have him sign a assignemt contract and have him pay me up front. Or have him me half now and the rest at closing. Have him sign a promisary note.

So is this how do it. Let me know if someonce can explain it better.

Would really appreicated. Are state is the top for foreclosure.
« Last Edit: June 06, 2005, 10:42:00 pm by TRandle »

 




SMF 2.0.15 | SMF © 2017, Simple Machines