Whoring crew sounds like a good idea.

 

Ohhhhh

 

Hummm... I know that Lex would have to be pres...

 

How do the girls at your school take to the M??

 

You still with us?????

 

Hahaha they all like it...they always want to hold the keys I dont kno why ...but all the car guys at school are jealous of me and gimme these dirty looks when they drive off in their ricers, i guess it cuz no one else in my school even drives something as nice as my car...I think the closest is a 350z

 

Yea I was just lookin at forclosed homes

 

Hahaha well we could have an election.

 

Im suprised they wouldn't challange you to street races.... Do you go to a private school?

 

Have you found anything in your price range yet?

 

He'd vote 1000s of times

 

No public...It sucks sometimes cuz all I hear is oh hes the rich kid...but mostly its really tight.

 

Tell them to look at Cali public schools... 90% of the kids drive SL55s or Porsche Carreras

 

Haha my price range is about $250 thats why im gonna get my dad to get it for me and whatever profits are left over ill get those...One time I found this property it was forclosed on for 319k and my dad was outta town so their was no way for me to tell him to get it, well someone grabbed it and sold it 2mos later for 400k...THATS MY 81K!!!!!

 

Hahahah I cant imagine if I woulda gotten the car my dad wanted to get me how much I woulda been hated.

 

Hahah we could make a poll who will be the post crews President and the MBWorld people would decide.

 

You've been watching David Becks lately haven't you!! J/k but... for your first proptery don't you think the 300K range is a bit much. I would recomend something around the 100-180K range. Something that doesn't require to much renovations and work but still needs a month work of attention and about 15K. I have some helpfull hints... care to hear me out?

 

Speak the knowledge!!!

 

You would need to buy a whooptie in order to keep your 911T scratch free

 

Hahaha I have to park my car allll the way in the back just so nothing happens to it.

 

First of all you want to find out how foreclosure works in your state. Procedures and legal requirements differ, so get a sense of how soon you can go after a home that appeals to you within your price range. If the home seems a little bit rough ask if you can have a structural engineer check out the place. If its a bank prop... be particularly aggressive in negotiating with a bank. They're very keen to sell a foreclosed home fast, as it's just sitting on their books doing nothing. They also like to sell to first time private home owners. HUD and other agencies often auction foreclosed homes. However, buyers are frequently unable to inspect any property before making an offer. With so little information, the higher the bid for the property, the higher the risk that you may end up with a money pit. You might want to hold off on the auctions till you get a few homes under your belt Foreclosures are difficult.... to locate and to execute the transactions... but the potential to turn them over for a tidy profit may be there

- Be prepared to deal with more paperwork with a foreclosure than you would with a conventional purchase, particularly when a government agency is involved.
- Have your agent check nearby or comparable homes to see if the asking price for a foreclosed home is, in fact.... a bargain of some sort.
- Investigate the advantages. Since a bank or other lender wants to recover as much of its investment as quickly as possible, foreclosed homes are often unloaded at significant discounts...upwards of 30 percent or more.
-Government agencies such as Fannie Mae (fanniemae.com) and the Department of Housing and Urban Development (hud.gov) also advertise foreclosed homes for sale. Check public records for other leads. A lender deciding to foreclose must file a notice of default in the local county clerk's office.... You can normally acess these online.
-Tour the property and inspect it as closely as possible. Some foreclosures--unlike fixer-uppers--are in fairly good shape. Others may be behind in maintenance.
-Check to see if a foreclosed home has any liens on it, such as unpaid property taxes. Find out who is liable for those costs.
-Check your credit report and correct any defaults or outdated information. Get prequalified for a mortgage...Depending on the agency handling the sale, it may be required.

 

So basiclly I should start out with bank forclosures and hud homes...could I just go to the bank and ask them if i could take over the loan on the house, or dose that hardly ever work?

 

They will flat out laugh at you... Thats how quick most of the bank homes are sold I think that you should maybe stick to fixer upper homes... not nesscarily foreclosures unless you are ready and willing with money in hand.

 

In my area the bank homes seem to stay around a little longer...I think ill try and find some fixer upper homes around my area..i kno their has to be alot down in Houston, ill ask my dads realtor freind and see if he can find me anything.

 

When I dealt big time in foreclosures I was in New Orleans... they were gone in matter of hours most times. And I picked up a few lots in Old Meterrie back when I first started out and get about 3 offers a weeks. But the area hasn't reached its fullest potential yet.
But if your going to try fixer-up homes... it requires a lot of personal time if your going to try and save money and do it with out a GC.