All Forum Posts by: Brian Huber

Sorry to clarify this would be to wholesale the property.

Good for you!  It's exciting and scary in the beginning. I just started sending mailers and letters.  After the first 5 conversations, it gets easier! Hope you can share the outcome with us. thanks!

Hi, I'm just wondering if anyone has had any experiences with a seller objecting to a small EMD, like $100? If so, what rationale do you use to explain it?

thanks!

Hi, I know that the due on sale clause is something to be aware of with Sub2 deals. I also know that people recommend that you do seller financing ONLY on houses owned free and clear.

However, why is that? If people do Sub2's with the possibility (however vague) of DOS clause kicking in, why not do seller financing if there's an existing note?

Would it be because there's a risk that the seller will just pocket the money as opposed to actually paying the mortgage.

One other question: If the seller is paying a mortgage and they have maybe 5-10 years left, is it possible to do a hybrid scenario where you could take it Sub2 for a portion of the sale price and then the rest of the sale price as seller financing?

Any insight would be great. Thanks!

Hi,

My name is Brian. I have a potential lead for a large plot of land in northern VA, inside the Beltway. It could be an ideal site for a luxury home. I've been in contact with the seller, however, I'd like to link up with a builder/developer to discuss the possibilities in more details and see what kind of numbers will make sense for this type of opportunity.

I look forward to hearing from you. Thanks!

Hi,

My name is Brian. I have a potential lead for a large plot of land in northern VA, inside the Beltway. It could be an ideal site for a luxury home. I've been in contact with the seller, however, I'd like to link up with a builder/developer to discuss the possibilities in more details and see what kind of numbers will make sense for this type of opportunity.

I look forward to hearing from you. Thanks!

no just in general

Interesting, I wonder if it's different from state to state @Mike Nelson, I think you mentioned this in your podcast...

Hi,

I'm starting here that double closing are not really ideal, so as a substitute, it's advisable to use transactional funding.  Is this correct?

Also, is there a reasonable rate for transactional funds to shoot for?

Thank you.

Hi,

I was wondering if you MUST have the contract notarized for it to be legitimate? After that, you take it to the title company with the EMD? Also, does the seller need to go to title company as well? If so, for what purpose? thanks!