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All Forum Posts by: Francesco Barbati

Francesco Barbati has started 8 posts and replied 110 times.

Post: Seller financing 101

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17
Originally posted by @Alan Grobmeier:

@Francesco Barbati

What I did was get with an 'investor friendly' realtor (rare breed, btw) that would send me NOTHING but owner carry listings.  Believe it or not, there is a lot more than you think.  The problem, like I previously mentioned, is terms.

This is a very good idea, I didn't think they could make this kind of search on the MLS.

Post: Must Watch Movies

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17
Originally posted by @Leslie A.:

I kept waiting for Margin Call to get good and it never did. LOL

 what do you mean? I though it was a good movie overall...

Post: Are very small, very cheap single family homes good rentals?

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

I am not an experience investor, but what I would be more worried about is to make sure that this properties rent, beside the fact that they sell or not.

Post: Market to target for buy & hold in FLORIDA

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

I am a newbie but from what I read Jacksonville is pretty hot

Post: Seller financing 101

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

@Luke H.

@Alan Grobmeier

Thanks for the advice! Great points.

It is very hard to find the seller financing options online on Zillow & Company though

Post: Seller financing 101

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

Hello everybody!

I am interested in buying 2 properties, both FSBO and I'd most definitely need to use seller financing for one of them if not both. Both property are townhouses in community with HOW fee. My questions are:

1) How do I propose a seller financing option in a attractive way for the seller?

2) How do I structure the deal/contract?

3) What do I need in order to make sure everything goes smoothly? Lawyer for the contract, title company, what else?

4) Should I use a realtor for helping me out, since it is the first time I'd be buying an house?

5) Anything you guys learnt from past experience that I should or should not do?Any advice or hack I should know about?

Thanks in advance!

Post: Finding Lost and Missing Money

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

Hello everybody! I am not sure this is the right section, but I was reading something that might be interesting and useful for many of you (unfortunately it doesn't concern me) that don't know about that (maybe it is common knowledge and in case forgive me for that).

Check out this websites

www.missingmoney.com

https://treasurydirect.gov/indiv/tools/tools_trasu...

http://search.pbgc.gov/mp/

to find out if there is any missing or lost money from your finances.

Post: Seller Financing

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17
Originally posted by @Steve Vaughan:
Originally posted by @Bruce L.:

Also how this would be possible with no down payment.

 It wouldn't. Consideration must be exchanged for a transaction to be legal. 

 how much should be the minimum down payment?

and what about the interest rate to offer?

what are the pros and cons for both, seller and buyers?

Post: "Money For Nothing" - Documentary about 07/08 Housing Crash

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17
Originally posted by @Chris Mason:
Originally posted by @Francesco Barbati:

Thanks for the recommendation! This is going to be the next one after "The Big Short"

 Put "99 Homes" on that list of yours. 

Similar to "machete order" for Star Wars, someone needs to compile a list of the canonical mortgage meltdown films and the proper viewing order. 

Thanks man, very appreciated.

And I was thinking the same. We need this kind of list, and also expanded to other financial crisis and bubbles. At the end real estate is a business, and probably newbies like me could always learn something new about money, finances and business.

Post: "Money For Nothing" - Documentary about 07/08 Housing Crash

Francesco BarbatiPosted
  • Real Estate Professional
  • Boca Raton, FL
  • Posts 116
  • Votes 17

Thanks for the recommendation! This is going to be the next one after "The Big Short"