b o x d e n hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now hot topics today top last 48 hours all sections videos pics tracks headlines  

Wholesaling houses


People Viewing This Topic:   (0 members and 1 guests)  
 
 

Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > The Money Spot (finance/careers)
  
    
          join bx

share this topic »   Share this on Twitter Share this on Facebook
New replies will show automatically every 10 second(s) Automatic thread refreshing has been stopped because you appear to be idle. Un-Idle - Reload

 Wholesaling houses
 12-17-2012, 11:47 PMaway - #61
poker_pimp 

  d 
space
$318 | 1970636
Originally Posted by !ALLMONEYENT!
Banks are very hawkish on giving out deals to investors...right now they are holding them for the big time wall street firms so they can do rentals. We have tons of California investors buying real estate here in Rochester.....But even though the inventory is low i'm sure investors there are finding ways to survive and stay afloat. The best thing about it now is that you dont have to stay within your own market...you can use your computer and touch other places and still make some money. I know a guy who was making deals from his home in Cali and was flipping properties in Buffalo. Its always about being hungry and adjusting to your competition and beating them....Right now the competition in my town is crazy! Bandit signs and CL ads all over the damn place! So now I'm adjusting looking to buy and flip since everyone wanted to buy and hold.
Yeah your right. Im an agent also. and the fam been investing for a while we like to buy and hold get the 25% plus return on the money and we happy.
 12-18-2012, 12:47 AMaway - #62
!ALLMONEYENT! 

  d 
space
$1,810 | 2847397
Originally Posted by poker_pimp
Yeah your right. Im an agent also. and the fam been investing for a while we like to buy and hold get the 25% plus return on the money and we happy.
Well if your fam is ever looking for other investment opportunities, I have great property managment connections not to mention we have outstanding prices and profit potentials. your making your money back on a lot of these properties within a year and a half easy! Rentals going for 25k or less with rents going as high as 850-900 on a single 3-4 family rental...multi units ranging from 650-700 all day long. The out of state investor has made Rochester their real estate playground!

Email me anytime
 12-18-2012, 08:45 AMaway - #63
Duntaz 19 heat pts19

  d 
space
$4,712 | POWERFUL
Originally Posted by TheOpulentOne
A license is required only if you want to be an agent/realtor.
honestly even though I know a license isn't need for flipping houses I'm still going to get one just to have more access to that world & and being more familiar with the game in dept.
 12-18-2012, 03:33 PMaway - #64
40ozHenny 37 heat pts37

  d 
space
$2,614 | POWERFUL
How do these work with foreclosures? Usually I would figure the banks arent trying to get rid of the properties for such a discounted price, and the people who fell behind on their mortgage to begin with cant sell it cause technically they dont own the property, the bank does.
 12-21-2012, 01:02 PMaway - #65
nbrock 14 heat pts14

  d 
space
$1,371 | 12525819
Wassup..anybody got good news..anybody been keeping up?
 12-21-2012, 02:15 PMaway - #66
ham00di 30 heat pts30

  d 
space
$1,437 | 17910645
Don't know about the US much, but I can give some advice from the UK. I personally don't do this but one of my really close friends does this, he actually has a friend that works in a mortgage repossession side of a bank and gets tip off's of people that are about to go under and he goes in and basically buys the houses for next to nothing, but he has loads of investors so he never actually pays just swaps contracts! but he does have money to settle if he has to.

It's hard but very good money, if you can get a good team together then work together and all of you does one part, for example:

You: Finds investors/buyers
Partner 1: Works in a Bank
Partner 2: is their only if you have to settle (don't know the laws in the US but here in the UK once the timeline has ended you have to settle or lose your deposit.)

Good luck, if I can help anymore please PM me.

I'm actually in construction myself, not in the UK but Iraq.
 12-21-2012, 02:17 PMaway - #67
SlickJ101 16 heat pts16

  d 
space
$9,171 | POWERFUL
Originally Posted by 40ozHenny
How do these work with foreclosures? Usually I would figure the banks arent trying to get rid of the properties for such a discounted price, and the people who fell behind on their mortgage to begin with cant sell it cause technically they dont own the property, the bank does.
Really depends on what kinds if any liens there are against the property as far as I know.
 

New replies will show automatically every 10 second(s) Automatic thread refreshing has been stopped because you appear to be idle. Un-Idle - Reload


 



Video inside  Pac Really Is Alive, Theres Layers To This sh-t.
60 comments
Video inside  Lil Wayne Is Hosting A “Sorry 4 The Wait 2” Listening ..
60 comments
Image inside  Jan 25 - Snowden: iPhones Have Secret Spyware That Le..
52 comments
  Kid Cudi Angry Over Deleted Gay Kissing Scenes
New reply 4 minutes ago - 97 comments - by ApotheosisII
 NCAAF Jameis Winston’s Rape Accuser Tells All In Sundance Do...
New reply 8 minutes ago - 63 comments - by Crown267
  Whats The Average Age On Boxden / How Long You Been Here
New reply 5 minutes ago - 93 comments - by grapedrank
 NFL Bill Nye The Science Guy Says Belichick's Explanation ...
New reply 9 minutes ago - 53 comments - by Steve
 Video inside White Rapper Spittin Bars In 1931
New reply 8 minutes ago - 205 comments - by A.Dot789
 NBA Hassan Whiteside (we Are All Witnesses)
New reply 10 minutes ago - 97 comments - by dahabi
 Image(s) inside Dame Dash Thirsty Af To Get Pic W/ Kanye, Missing Toot...
New reply 8 minutes ago - 75 comments - by baskeeyacht
 Video inside Arsonal Vs Mistah F.a.b. (botb 7)
New reply 29 minutes ago - 52 comments - by bLazenLow
last 48 hours

like bx on facebook


follow bx on twitter
5,929 fans of BX and 2 new today 4,907 following and 5 new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.