All Forum Posts by: Account Closed

Hello,

So I've come across a duplex that says its in foreclosure. I looked up the deeds to the property and there was a Notice of Default given out May 2012 and then a Trustee Deed signed October 2012 by a FEDERAL HOME LOAN MORTGAGE CORP as the Grantee. No information after that. 

How is it possible to get ahold of the owner of this property? 

@Michael S. Thank you. But I could get it for a better price on amazon. Soft backs are historically suppose to be cheaper. Not more expensive. 

I finished Set For Life and thought it was a phenomenal book. I would love to order multiple sets of copies to give out to my closest friends. Does anyone know when the paperback version will be out? 

I am also looking to get into multi family as well. Mine will be a little while. What location lady are you looking into?

Congrats!! You came to the right place. If you ever wanna swap ideas or ultimately just want somebody to talk investing with give me a ring 5412126501. I didn't have anybody to talk to when I first got into this and talking with other people that didn't get it, drove me insane and made me feel like it wasn't possible. Here you'll find doers and that's what you need to surround yourself with!

Phillip, thank you so much. Very helpful. I'm going to be learning about all of these different mortgages this weekend. I would def appreciate the sharing of your contract. That is very giving off you. Hats off my friend.

Thank you so much Michael. That was super helpful. I will look into all those great ideas!!!

Hey Bigger Pockets Community,

Hope everyone is having a great day. 

Looking for advice or resources. I've read a few articles on Bigger pockets about Owner carry, and have become quite intrigued on the topic. Most articles I've read have been from Brandon Turner. They were great on why it can be so beneficial. But now i'm trying to find info on practical questions. For instance I have these kind of questions

1) Who are the people that need to be involved, I'm assuming just a lawyer?

2) When you pay the mortgage to the owner, do you also pay them the property taxes and Insurance?

3) What if there is equity in your own? Is it useless? If not, how would you acquire the equity?

4) Could you put a No Prepayment penalty in the contract?

I am a visual learner. So If I can envision every step in the process, I'll understand it in its entirety.

If you have any advice, arti