Anwar Montgomery replied to the topic Issues and resources for Partnering when seeking acquisition funds? in the forum **Pro-Only Members – Ask A Question** 1 week, 4 days ago
Haven’t heard of the Deed of Trust/Note.
You can just use an investor/joint venture agreement or partnership agreement. You can do a partnership agreement per transaction or open up an LLC (or multiple LLCs) with the partners. Or you can do everything a handshake. I’ve done all 3. I don’t think there’s a right way or wrong way to do it. All…[Read more]
Anwar Montgomery replied to the topic Tempting but must be a reason it is not encouraged? in the forum **Pro-Only Members – Ask A Question** 1 week, 4 days ago
Why not test it and see the results?
A few months back, we talked on the weekly call regarding me & my partner being under investigation by the Minnesota Department of Commerce. It was suggested by the State that we needed a broker’s license. Our first thought was, well, we aren’t brokering any deals. We aren’t representing anyone in any transactions, nor are we receiving any…[Read more]
Anwar Montgomery replied to the topic Terms deals – I was amazed by what J+J said. Who's doing them? in the forum **Pro-Only Members – Ask A Question** 2 weeks, 4 days ago
Got terms deals in Arizona and Minnesota. I can see where they are coming from. It’s not the same as churning out a bunch of cash. It’s a slow drip but its cool. We actually had a gentleman complete his contract last month, so me and Jack are tied on completed deals lol.
I love terms deals in Minnesota because they are very straightforward…[Read more]
Land & Farm
Everything social media
That’s where it’s all heading and the best place to reach people for cheap right now. If you’re not familiar with it or comfortable with it, study up on it. The land buying demographic is a little bit behind (most of my buyers have…[Read more]
I think if you can afford it, get a photographer. It has to make economic sense though. If you buy it for $500 and sell it for 1k, maybe a photographer might eat into too much of your profit. Maybe if you just want to get deals done, then do it. It has to make sense to you. But I can almost guarantee you, that you’re missing a large…[Read more]
I don’t think I’d get creative. I’d just call him and provide him an address or mailbox number he’s looking for. This type of stuff would never bother me, ever. I wouldn’t feel this as an attack or take it personally. He is who he is and probably just mad at the world. If it bothers you a lot, get someone else to respond if need be (I’ll call…[Read more]
I use Bluehost. No issues for me. They seem to be reliable and cheap. For emails, I use g-suite (google). It’s $5 per unique email. You can use dummy emails like email@example.com, firstname.lastname@example.org that all come back to your email. I’m not convinced that you need a buying and selling website. Everything is so transparent nowadays, people…[Read more]
the information comes from the county. depending on the county, you can go online to see the documents. titlepro247 should have this information as well. if the deal is sweet enough and you want to be super safe, you can order a lien report on the property from a title company.
NC is an attorney state, meaning, you have to close with an attorney in that state. your attorney will be able to tell you if its an issue and handle the closing. but in general, quit claim deed to warranty deed isn’t a problem.
It depends on the state. You can find a lot of this information online. In Minnesota, for example, they already have a statewide Contract for Deed that the buyer has to record within the first 4 months of the Contract. Has to be officially notarized and all. In the contract, the buyer default is immediate with 60 days to cure to keep the…[Read more]
Anwar Montgomery replied to the topic About to Close my first $200K Option Deal… Question about "Owner of Record" in the forum **Pro-Only Members – Ask A Question** 1 month, 3 weeks ago
Very Interesting. I’ve done options but haven’t run into the situation exactly at this price point. If she is saying she can only make an offer to the Owner of Record, I don’t know if there is any way around that. Unless that’s just not true.
It seems to me that since you have the option to purchase at XX price and it’s an exclusive…[Read more]
had the same issue with multiple markets and searches on RealQuest. I think Datatree, you can check for mortgages. Not sure.
Nonetheless, reverse engineer it like you said. Do sales up to a certain date, maybe 1998 or something. Maybe low 2000’s as well, for the people who put more than 20% down. Hopefully, they didn’t refinance.
I used this Attorney. She was really nice and easy to work with.
Kelli J. Burcham
Kelli J. Burcham, Paralegal
Cagle & Boehms, An Association of Attorneys
Richard H. Boehms, Attorney
Melanie Totty Cagle, Attorney
103 West Main Street
Hohenwald, TN 38462
Options are awesome. Def a great tool. Get comfortable and confident with asking for it. Like Luke said, definitely don’t call the baby ugly. Make it more about you not being able to swing it at the moment. Be careful of the wording though. Not sure if I would tell them I’m going to market it for them. You don’t want to appear that you are…[Read more]
Pretty confident there isn’t a whole program on Optioning.
Nonetheless, here is a link where you can get a copy of the option agreement.
Download it and adjust it with your own info, unless you want me to get your options 🙂
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