All Forum Posts by: Abby Link

@Adam Lendi Getting licensed is definitely a consideration of mine and something I'll probably be looking into. And yes, I'm in the Cleveland market and will be investing here as well :) And thank you, that would be so awesome if you could connect me with the broker you know, I'd love to talk to him/her!

Wow thankyou @Adam Lendi for your quick and very detailed response!!

I have not yet negotiated a seller financing contract and am just trying to learn right now as much as possible so that I know what I need in place before I get started so your response was very helpful! I think the biggest thing I took from it was that I better get an amazing real estate professional on my team so I don't end up in a position like that one buyer. Scary stuff indeed. 

Hi bigger pockets family!

I have recently been trying to learn about creative finance (and real estate in general lol) so I'm pretty new to it all and had a couple questions about seller financing if anyone has any experience or knowledge in that area.

- When closing on an off market deal from start to finish who do you need on your team apart from the seller and buyer? If anyone could give a timeline too for when these team members come into place that would be incredible. I'm sure it can be different for every situation but an example would be nice to start filling out the puzzle in my head :)

- I'm sure this is a very easy question but being so new to real estate I'm not quite sure how this all works: With all the contracts that are involved in real estate including the purchase of sales agreement, where do you put these contracts to keep them safe and binding? Especially when not working with an agent. What is it like submitting an offer to a motivated seller when you are not working with an agent?

- Are these contracts electronic for the most part now and how do you manage the paperwork, is this where escrow comes into place?

- With seller financing, does ownership of property transfer to the buyer, does it not, or does it depend? If it does not, what are the ways to provide reassurance to the seller that the buyer won't fluke out on payments?

I know that was a lot but feel free to answer just one of these questions or any that you want. Thankyou guys for reading, I'm forever grateful for Bigger Pockets and its community.

@Nicole (Dunlap) Pendergrass

Congratulations!! I’m so happy for you. As a young investor who is so new to everything, it just puts a big smile on my face to see other women taking on the world head first and accomplishing goals. Hope 2021 brings you even more greatness!! ❤️

Hey @Antonio Cucciniello ! If you could send me that more detailed version, that would be awesome to look at. Thanks for responding!

@Noah Chappell thankyou for that advice! I will definitely check out Trulia.

@Todd Pultz Thankyou for that advice!

@Steven Wilson gotcha. Yeah I've been looking at multi family properties on the MLS recently and so many of them are contingent but that's great because I'm sure that means it's an awesome market.

@Steven Wilson wow that is absolutely incredible!! Can I ask how you found that property?

@AJ H. Thankyou!