All Forum Posts by: Anthony Katsonis

Hey there BP peeps. 

My wife and I are in the midst of negotiations on a property and the seller is open to creative financing. I've heard of doing an "All Inclusive Trust Deed," where where the seller retains their current mortgage and issues us a loan for the total purchase price. We pay the seller, they pay the bank - everybody's happy, everybody makes money... Hopefully.

Anyways my question is, as I've never done any sort of creative financing before (I am not a noob in real estate, just a noob in owner financing.) - Do I need an attorney to draw up an AITD? Does the Title Co handle it? Can I just google "AITD CA Promissory note" and  use whatever form seems the most legit? 

Any thoughts, advice, help, and recommendations are much appreciated.

@Craig Drummond Right on man, the place looks killer. I'll keep it in mind if I come across any Swansboro buyers. And good job on making the leap on your first deal. I dig the creative offer that you came up with. Anymore around here it seems the best deals go fast with multiple offers... A LOT of Bay Area money being thrown around.

You ever think about investing in small multi-fam locally for buy and hold?

In my market multifamily is consistently selling for 10-25% below asking, whereas SFR is still selling above asking. Not sure exactly what this represents, other than the obvious lower demand for multi vs. SFR... I invest primarily for cashflow purposes anyways, so I am less concerned with current market trends.

thank you, great to be here. This sight is the most comprehensive, educational real estate site I've ever seen. I've learned so much already. A+

Hey there,

My name's Anthony and my wife and I own a few rental properties in El Dorado County and are always looking to grow both our portfolio, and our knowledge of the industry.