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Updated about 9 years ago on . Most recent reply

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Christopher Haynes
  • Investor
  • Baltimore, MD
24
Votes |
71
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Creative real estate in Maryland do and va

Christopher Haynes
  • Investor
  • Baltimore, MD
Posted
Hello everyone I just want to ask everyone about what kind of success anyone has had with creative real estate financing. I'm located in Baltimore and I'm thinking about investing the time in presenting more creative real estate deals such as owner/seller financing and subject 2. I've notice in my day job especially in Baltimore county in Essex, Dundalk ,middle river, rosedale and white marsh there are huge opportunities in subject 2's (I come across at least 5 people a week trying to get out of their homes they bought pre 2008) and tired landlords in Baltimore city for owner/seller financing. I just wanted to ask has anyone else had any success with these types of deals in the DMV area cause I rarely heard anything about these types of deals here or it maybe that I'm a newbie and haven't got that far into the game yet

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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

The way I saw her financing subject to lease purchase deals is I look for sellers with problems. I look at expired listings, cancel those things The way I saw her financing subject to lease purchase deals is I look for sellers with problems. I look at expired listings, canceled listings,  Long days on the market listings,  this pose, for rent by owners, other wholesalers pretty houses with little equity.

The presentation I give to sellers talks about all the sellers' possible solutions, whether it be selling with an agent and paying those costs to sell, renting it out or hiring a property manager, or selling on terms in the state of Maryland ( subject to, please purchase, we sweep up soon, wraparound mortgage, etc. )

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