All Forum Posts by: Arthur Schwartz

you can sell immediately and do not have to wait until paid off.  you can offer any terms to the buyer such $15k down, and finance $385K, if you seller finance.  but if they cannt afford 20% down ($60K), they are a high risk of not making payments; and there are legal costs to foreclose and get your property back

HML is the same as getting a mortgage from a regular lender such as a bank or credit union, but the HML does not require as much documentation and they provide money really fast say, within a few days. A conventional mortgage can take weeks to get. In exchange for less documentation, the HML charges a higher interest rate

Consider a cash out refi, at a low LTV, say 25%

look into a hard money lender

interesting take.  ADUs are filling some demand.  Newer modular housing will make it easier and cheaper to put up a home

 to look at the property

hire a general contractor to loo a the property.  I'll bet it is going to be a good deal

Jeremiah Jackson at Jackson Law

appraiser

hire an appraise4 specializing in land and zoning.  research with the county if the property could be subdivided.