All Forum Posts by: Ben D.

10 suggestions is info overload.

Can you explain what each one is good for or go through the pros and cons of each? 

Dear Jake, Alex, Dexter, and Khaled,

Thanks for all for the responses.  I'm happy to learn from and connect with each of you.  Feel free to reach out if you'd like to continue a discussion.

Thanks

Hello, I am wondering what are the things I should be aware of when offering owner financing to buyers.

I own a 6 plex in Buffalo, NY (596 Ontario St.) that I would like to continue to get cash flow from, but feel that a local manager would generate more income from this property than I do from afar.   The goal is for the buyer to generate more money than he needs to pay me and make it so I don't need to spend more time looking after the place.  I'm willing to finance because I don't need the cash now, but would like the cash flow.

Thanks in advance to all you experts for sharing your experience.

@Leslie Carter, what ended up happening here?  Is what you said about using judgement to access wages and bank account true?  Did you go through the process?

I'm in a similar position as you.  Remote owner, local PM.  Tenant owed thousands.  We sued.  Got judgement.  Have had it since December '19 and it's collecting dust 8 months later.  Not sure how to act on it.  We just got a collections company involved.  Low hopes.  My lawyer said judgements are useless.