All Forum Posts by: Enrique Reyes

Joseph B. Davisson your answer was so simple I overlooked it. I wanted to thank you for sharing. So far my seller finance deal is going well. I receive my monthly payments on time and I have no complains. 

I started Jack Bosh land flipping back about July 2016 bought five land for around $2K each. I sold 2 of the lots. I seller financed one of the lot and sold the other one for cash. For one I realized a profit of about $2,500. I'm still receiving the monthly payment from the seller finance for and will have a similar profit once full payments are made. I deployed to Afghanistan so i ended up not selling the other three properties. I just listed those three properties for sale and expect to make a profit from them as well. I will keep you updated but as previously mentioned the method he teaches does take a lot of work. The only way to make it less work for you, is to outsource it. He does teach how to outsource it but I will do that after I know how to work the system and am generating profits consistently. The main issues I have is having someone to pick up all the phone calls I get.

According to the website this app is only useful in AZ, CA, NV, OR, and WA. Are there any other similar app for Texas, SC, or FL? 

@Brent Coombs no sarcasm was intended. I am sincerely grateful for the advice but I have no intention of following that advice. Please don't tell me I won't be successful because I won't follow their advice. I do not intend to offend but I am asking advice from individuals experience with Seller finance specifically for land. @John Brian explicitly said that he had no seller finance experience in land selling so he is giving advice in a niche he does not have experience in. If I give advice or expect people to listen to it, I would at least have experience in the subject I am offering advice in. People who don't have experience in a particular subject tend to think the worst about it and prefer to put up warning signs instead of pointers of what to avoid and how they approached the problem when they were in my shoes. So if someone in bigger pockets has walked my path or is currently walking that path, I would welcome their advice because in my opinion they are more than qualify to offer the advice and I would be more willing to follow their advice. 

Gentlemen, I wanted to thank you for your feedback. Since I am a DIY I don't have a low risk tolerance but I do appreciate your feedback. I prefer the productive feedback you gentlemen provided than no feedback at all. 

BTW @John Brian I would take your advice more seriously if you did use seller financing in your land deals but since you haven't I can see how you can promote lawyering up from the beginning. Once again I'm not asking for someone to make a land contract for me, I'm asking for a template so I can compare and contrast. The bigger pocket community is so big I figure that there should be someone out here who actually does seller finance and is willing to share their experience. My goal once I am successful is to help others become successful as well. I do appreciate the advice but I also welcome pointers in the direction I am requesting: for example a sample seller finance land contract.

@Joseph B. Davisson I'm not negotiating the contract for the deed. The land is located in Florida. So it should be a straight forward seller finance deal. @John Brian getting a closing attorney for land might be a bit of an over kill especially since we are not talking about a lot of money. Have you sold land DIY? @Bill Gulley I understand your concern about helping feed an attorney's family but there are so many bigger pockets with much more knowledge then me that could direct me to a good place where a Seller finance contract is located. Not only that but after they help me, who knows I might gain a business partner who I can include in many more deals to come. Also, instead of helping feed an attorney's family I'll be helping feed many bigger pockets business partner. The beauty of bigger pockets is that it is a community of knowledgable individuals willing to do what it takes to get a deal. Where is the spirit of DIY? I'm calling for those who know how to do it to offer their assistance. 

Good Morning Biggerpockets,

I am about to seller finance my first land deal but I do not think I have a good seller finance contract. Can someone who does selling financing for land sale provide me a sample form they use to owner finance their deal? A link where a good template is located also works. Thanks for the help. 

@John Thedford and @Wayne Brooks thank you for your feedback. Good thing this community is out to help DIY. Someone in the community sent me a link to one that was already recorded and I did the Google search you recommended @Wayne Brooks and I know now I have what I need. I did get a title search completed by an abstractor and they caught the error. I had it looked over by an attorney and the paperwork passed the legal test. Once this paperwork is notarize I have myself a good deal in my hand

Thank you for your help BP. The county returned the deed because they didn't agree with me having the decease on the deed and having the wife write decease on it. Also, they want an original death certificate. In order to get it right, I contacted an attorney and he told me to provide them a deed, certified death certificate, and affidavit of continuous marriage. According to @valerie 

@Valerie Odom article they should be ok with a certified copy of the death certificate. I am not sure why they need the original

I could have someone write the affidavit for me but if I can find one that is recorded with the county I don't see why I should pay someone to write it up. I haven't been able to find one so the next best thing was to find the requirements.once I know them I can simply write an affidavit that meets the requirements.

Hello BP,

I encounter a situation where I am purchasing a piece of land from someone who Spouse passed away. The county instructed me to provide them original death certificate and to remove the decease from the Deed. I am also required to submit an affidavit of continuous marriage. Does anyone know if there is a specific requirement in Florida for this type of document? What must I include or keep out? From researching on the internet it seems like there is no specific standard. I want to see if any of you have encounter this situation particularly in florida and how you went about it?