All Forum Posts by: Account Closed

Welcome, Bob.

Looking forward to hearing some of your experiences. Feel free to get in touch.

Welcome Joseph.

I agree with Mark to avoid spending money on gurus/seminars. Study this site and analyze potential properties.

Also, feel free to get in touch anytime.

@Aroldo Villarreal

It's actually quite simple. 

1. Go to Google.com and search "banks" in your area. 

2. Check out each bank's website and research their mortgage options.

If you see the terms FHA or Conventional, it's safe to say they abide to Fannie's and Freddie's terms.

If you see "in-house" or "your loan will not be sold" etc., its a good chance you can consider them to be a portfolio lender.

Your best bet is to call the bank and ask!

Welcome, Eldin. What type of real estate investing are you looking to get in to?

Thanks Mike and Steve.

I suppose calling the listing agent is the right thing to do. I'm just not a fan of playing the telephone game especially when it comes to educating a seller on the potential benefits of seller financing. I now have to rely on the listing agent to convey the points across in a positive light instead of having that conversation myself.

There is a single family home listed on the MLS that is a great candidate for seller financing. The homeowners are absentee owners who purchased the home for 33k in 1995.

My question is: What route should I take to work a deal

1. Call homeowner directly

2. Work with the listing agent directly (therefore making her a buyers agent as well)

3. Hire a buyers agent

My first choice would be to call the homeowner directly so I can have the best and most efficient conversation. Speaking directly with the homeowner affords me the opportunity to learn why they are selling, what they will do with the money, if the need it all now..etc.

@

Justin Silverio If the house is listed on the MLS with a listing agent, do you still contact the homeowner directly to educate them on seller financing?