This podcast was your chance to ask Matt Theriault and me anything about creative financing, and we gave it to you straight. From questions about evicting tenants to whether the bank will repossess a subject-to loan, we clarify any … [Read more...]
955 » Deals Gone Bad #18 – Buy a $6,500 House Sight Unseen – Jay and Annie Adkins
Looping your wife in on a new property is one surefire way to avoid buying a dumpster fire. Jay Adkins learned that when he bought a sob story and a rural home from a down-on-her-luck seller for $6500. Investing in small towns can be a … [Read more...]
953 » Deals Gone Bad #16 – Adverse Possession on a Complicated Probate – Lisa Even
For six years, Lisa Even has worked specifically with distressed properties in the Phoenix market. Weird clouds on the title or city violations don’t scare her because those usually mean that the seller is having a harder time getting rid … [Read more...]
951 » Deals Gone Bad #14 – Someone Steals Lockbox, Moves In House, Takes 6 Months To Evict – Mark Monroe
Even though Mark Monroe from Creative Real Estate Investing was only within a few hours of a new property in North Florida, he thought it’d be a great time to try virtual wholesaling. A fellow wholesaler who was coaching him through the … [Read more...]
950 » Deals Gone Bad #13 – Accidentally Buying A Property From Someone Who Didn’t Even Own It – Justin Lee
In 2010, when the real estate market was still a little wild from the crash, Justin Lee found a great deal from another wholesaler. After a 45-minutes drive to see the property, he felt pretty confident purchasing it outright with cash. The … [Read more...]
949 » Deals Gone Bad #12 – What Could Go Wrong In A Probate Deal With 7 Siblings Involved? – Ester Tellez
With every sibling seemingly in agreement, Ester Telles from Ester Buys Houses held a Zoom meeting to agree on a purchase price for the family home. But one reluctant sibling decided to throw a wrench in the plans. With 7 siblings, there … [Read more...]
946 » Deals Gone Bad #10 – A Subject-To / Rent To Own Deal, Turned Drug House with Rick Ginn
The deal’s numbers seemed solid to Rick Ginn from Flip with Rick from the start. The house’s PITI was $960, and the rents in the area were between $1400-$1500. It had great cash flow and the seller didn’t want to make another mortgage … [Read more...]