The previous deal is NOT dead.  Get this the attorney that is controlling the estate did not know of the judgment on the trust b/c it was filed the exact day that the trust was created.  The attorney called CountryWide and convinced them to release the judgment on the deceased owner and re-file against the trust, and they agreed.  The paperwork has been completed and now we are waiting on the Judge to sign it.  Can't count our chickens before they hatch but this looks like it is a go!

Today I learned what a judgement IN REM vs a judgement IN Personam meant.  Basically, a judgement in REM means that there is a judgement that is attached to the property.  A judgement in Personam means that there is a judgement attached to the person.  This is what happened.  House under contract that was in a trust.  The former owner of this house owned another property which had been foreclosed on.  Unfortunately, Countrywide put a judgement in Personam meaning that the judgement is attached to the person and needs to be paid out from any money that comes out of the trust.  So in essense the judgement from the foreclosure is against the person not the property which seems weird to me.  So if you own multiple properties and you let one property go into foreclosure somehow under certain circumstances the bank can put a judgement against every property and/or any assests that you own not just the one that you stopped paying the mortgage on.  Unfortunately this challenge will probably cost us the $2997 Assignment fee, b/c we were suppose to close on this property today.  I think this topic deserves more discussion.  If anybody knows more about how this happens please enlighten us. www.IndyCashFlowExpert.com

We looked at 17 houses today in Indianapolis, IN.  The  Real Estate deals are everywhere!  Next step is to analyze and separate the good, the bad and the ugly.  I will post the new available properties soon.

Today's closing were no different.  Two houses were being sold.  Between the owner of one of the houses not being able to get out of work early to the bank screwing up the wire.   Just a day in the life.  But it always feels good to get the deal done!

I received a lead yesterday from a mobile home seller and he wants 3K.  I have not spoken to him because I passed it on to someone who know a little more about mobile homes.  There are many successful investors who love mobile homes for thier massive cashflow.  I would like to speak to a specialist is in area.  Feel free to contact me with the information below.

Daniel Ratcliff

Founding Distributor #3051

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https://www.mynvaleo.com/Ratcliff

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www.IndyCashFlowExpert.com

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Today I received a call about a possible Sub-2 deal.  The house has a 153K mortage about 4 yrs old.  The house is worth about 153K.  The house is a 1300 rental and the PITI is about 1000/mo.  The house is in perfect condition.  Are you thinking there is no way right?  Well there is always a way if one can gain the cooperation of others.  One local Sub-2 Expert I know will only buy Sub-2 If there is 82% Equity in the property.  Well there is about 28K in missing equity for this deal to work.  The sell can provide the missing equity by giving you the cash or by making payments.  This particular seller has been making payments for over a year already because they live out of state.  The owners refuse to rent it out because they do not want the house messed up.  The only way I would do the deal is if the owner would make payments for 2 years from the date I buy the property.  That would bring in $31200 in cashflow before I would even have to make payment and that doesn't even include the NROC that I would receive that would be between 3-5% of the price at which I sell the property to a Rent to Buy tennant.  We are currently in a Real estate slump so one would think that there would be some appreciation in the next few year to develop a spread and the mortage gets paid down more each month.  Are you thinking who sell there house with these terms?  Well, people have done stranger things.  You don't know until you ask.

Daniel Ratcliff
Dan@IndyCashFlowExpert.com

"The Ethical Wholesaler"

For the best Investment Wholesale Properties in the Greater Indianapolis area check out www.IndyCashFlowExpert.com

Facebook admits that they do not own the content that members provide to the networking site.  But what about the information we enter that we check the box to tell them we do not want others to see.  Should they be able to sell that information?  I don't think so.

Daniel Ratcliff
Dan@IndyCashFlowExpert.com

"The Ethical Wholesaler"

For the best Investment Wholesale Properties in the Greater Indianapolis area check out www.IndyCashFlowExpert.com

Favre coming back is great for the fans of the NFL.  Even people who are not are not Vikings fans will now tune in to their games.  Last season many NFL fans who have no interest or use for the JETS including myself followed them.  Many cannot stand the drama to retire or not to retire but I don't mind and it will drive sales and ratings and that isn't a bad thing in this economic climate.

Daniel Ratcliff
Dan@IndyCashFlowExpert.com

"The Ethical Wholesaler"

For the best Investment Wholesale Properties in the Greater Indianapolis area check out www.IndyCashFlowExpert.com

IndyCashFlowExpert negotiates the Best Wholesale Investment Property Deals in the Greater Indianapolis Area. We are dedicated to providing our Investor Clients with the best Equity and CashFlow deals in Central Indiana. We are the only wholsalers who Provide Full Disclosure on our wholesale Assignment fees and Cap them at $2997. Unbelievable! You can see the Assignment Fee on the HUD! Yes! $2997! That's why some are calling IndyCashFlowExpert the ETHICAL WHOLESALER! Our Wholesaling Competitors are saying why not make more? Why should we be punished for negotiating a better deal and why not making more money. IndyCashFlowExpert answers "because its not about what we make is about providing our Investor Clients with the Best Equity and CashFlow investment property deals in Central Indiana. IndyCashFlowExpert is in the Service Industry and we are better at it than any other Wholesaler. Some wholsalers are making 10K, 20K, 50K and more per deal and it is perfectly legal and is being taughted by Real Estate Gurus to sell wanna be real estate Investors high price seminars, lavish weekend retreats, books, and CD's. Wholesaling is not Investing in Real Estate it is an Investment in SERVICE and that is why we are attracting both experienced and inexperienced Investor Clients.

Are you ready to learn about the BEST Real Estate Deals in Indianapolis from Indy's Ethical Wholesaler!

Go to www.IndyCashFlowExpert.com to see the BEST deals in the Greater Indianapolis Area! We do not SPAM, Please submit your name and email so you can be the first to see the BEST DEALS IN GREATER INDIANAPOLIS!!!!

Sincerely,

Daniel Ratcliff,
IndyCashFlowExpert.com

Who wants a commercial deal in Indianapolis, IN that brings 3400/mth in rent?  We have one in the works.  The property is in very good condition and almost fully occupied w/ long term tenants.  Restaurant, Hair Salon, Insurance Agent and more.  I will post the property as soon.