All Forum Posts by: Alex F.

Hello Everybody!

I’m wondering about seller financing. Would a seller have to own the property free and clear or would it still work if they have a mortgage on it?

Also how does the escrow work? I have one mortgage out now. And the insurance/taxes are obviously included in the escrow, but how would that work with seller financing?

Any feedback is appreciated, thanks!

Hello, my name is Alex, I’m from Cincinnati. I have recently purchased my first duplex and am currently house hacking. I live in an area that is flooded with multi families and I am currently brain storming on how to acquire my own. Bank financing might be out of the picture for my next purchase, so I’m trying to find a seller financed, off market deal - or a cash deal.

I am trying to generate leads by looking up multi families in my area on the county auditor - hoping to find a tired landlord and reaching out through direct mail. I realize that this system is pretty inefficient. I'm looking for advice on any other ways to generate leads. Any experience on reaching out to multi family owners other than direct mail? Anything on MLS is out of question at this point due to not being bank loan approved and without a realtor. I'm pretty sure I could round up money for a cash offer or do a seller financed deal.

Jason DiClemente Thank you I will check out the portfolio lenders in my area

Hello, I went to get pre approved at the bank today and I qualified for FHA. Due to my income and credit I can not qualify for a conventional loan. Besides seller financing and private lenders, does anyone have experience in creative funding to get a second house after I use my FHA loan?

Hello all, What are some good sources to research a specific market. I like City-Data for a macro view of my city, but I need a micro view of individual suburbs.

Hello all, I’ve been trying to conduct research for my market (which is Cincinnati). I’ve run into City-Data which is a broad overview of the city as a whole, but I cannot seem to find information on a specific area of Cincinnati. City-Data is great for smaller cities, but there are so many suburbs in Cincinnati that the City-Data info isn’t very helpful. What are other market research tools that everyone is using?

@Joseph Cornwell, That’s amazing congratulations. I’m from Cincinnati as well and have been looking at duplexes for my first investment. What areas would you recommend for a buy and hold situation? Also do you think I could walk into something livable or is rehab a must?

When and where are the meet ups in Cincinnati?