All Forum Posts by: Cutter David

@Ty Burns so the guy is willing to do the financing but wants it to be paid in 5 years instead of that 30 year agreement . As well as a 10% down payment of what ever we agree on for a purchase price. I have an option to attempt to wholensale it. I can also try to get an investor into this deal who is able to throw down the 10% and possibly talk him into a 10 yr agreement. He isn’t wanting to do more than that.

@Ty Burns can you touch up on why they would pay more for seller finance? I’ve talked to the owner and he is willing to do seller financing.

Does the contract need to be notarized? For whoelsaleing

@Rachel H. Thank you so much! I’ve talked to him and he is just wanting to get get rid of it. I’ll keep you posted! Thanks for the tips

@Heath Ryans alright thank you very much! I’ve been taking to him and he is just trying to get rid of it! Doesn’t want to deal with the home anymore. I’ll keep you guys updated thanks for the tips 👏🏽

Alright guys I need some guidence! Found a home with no mortgage. For sale by owner! No offers that I know of have been submitted. The market in southern Utah is a sellers market. Home needs a lot of touch ups built in the 80s. I would say its In a C Grade neighborhood. The average house in good shape is being sold for about 250,000 here. He’s asking 188k or best offer. I know that wholesaleing you pretty much low ball the owner on the offer but by how much? I think 30-40 thousand for rehab is needed. The House does come with huge lot in the back. I want to try to get this under contract but have no idea how to. Also don’t know what price I should offer. I feel like this could be my first wholesale but I need to act quick!

Wholesale a home that has a mortgage. How Does That Work? Is it just the same as if the owner owns the home free and clear?

@Peter Fennig being fairly new to this can finding the deal count? Is it possible to find an investor who is willing to pay for house and rehab? They supply money and I Take care of the rest? 50/50 profit split?

I am new to the game but hungry and eager to learn! I’m wanting to find an investor(s) who are wanting to partner up for a house flip! What comes first? Finding the investor or the home.

Hey man great questions ! I will answer these all pretty soon !! Thank you for posting with me. I will provide further information soon 🙂