Jay Conner

Category: Foreclosures

  • Buying A Probate House With Private Money

    Share on Pinterest
    There are no images.
    Share with your friends










    Submit

    Podcast: Play in new window | Download | Embed

    Subscribe: RSS

    Buying A Probate House With Private Money

    Jay shares one of his latest real estate deals.Four months ago, the seller came from a Facebook Ad. They filled out a form. Jay’s Acquisitionist called the seller and asked some questions to see if they were a fit.

    The Numbers: $180,000 after repair value

    Payoff: $78,000

    Five months behind on payments. Will they go Subject To?

    No. They decided to use Private Money.

    Jay and his team check the house, which is vacant. The house is a mess as the living room has a shower and a bed. It will need $30k in repairs.Four months ago, Jay sent a contract within a few days. Contract is signed in a couple days. Their attorney starts a title search. The owner passes away.

    Over $20,000 in claims are made against the estate. The deal doesn’t look good

    24 hours ago, the daughter says she is ready to sell and has clearance to sell.

    Speed makes deals work.

    Make sure to have the critical relationships in place.

    1) Have a good Realtor

    2) Real Estate Attorney

    3) Contractor relationship

    4) Private Money lender

    5) Team

    Register for the Real Estate Cashflow Conference:

  • Find and Buy Foreclosures

    Share on Pinterest
    There are no images.
    Share with your friends










    Submit

    Podcast: Play in new window | Download | Embed

    Subscribe: RSS

    Find and Buy Foreclosures

    Your attitude in real estate investing will make or break you.

    If it is ‘bad’ or the wrong attitude, you will struggle. Now, most people get into investing of any type with one goal: To Make Money.

    But it is easy to forget that you are buying the house from a real, live, breathing human being. And most of the time, the reason they are selling is not a good one… they lost a loved one. They are in arrears and about to lose their home to the bank.

    When we approach real estate investing from a place of compassion and service, amazing results occur.

    I am of service to the people who sell me their homes and I see myself as helping them in a number of ways, depending on the specifics of the deal.

    I strongly recommend you do that, too.

    In today’s show, I touch on this and also on my foreclosure system. Give it a listen! And be sure to subscribe.R

    Real Estate Investing Minus the Bank.

    https://www.jayconner.com/moneypodcast/

    ****************

    The Conner Marketing Group

    PO Box 1276 Morehead City, North Carolina 28557

    Phone: 252-808-2927

    Fax: 252-240-2504

    ***************

    Register for the Real Estate Cashflow Conference: