All Forum Posts by: Ron Kelley

Jack, thanks for posting.

My question is geared more towards me as an investor asking a home owner who owns their home free and clear if they would be willing to owner finance the purchase, what would be the best way to approach a home owner who may know nothing about owner financing?

From what I gather it doesn't make sense to use the Lonnie strategy in Ca because of high space rent, has anyone found creative solutions to make it worthwhile, or is it best to buy outside Ca?

Hello All,

I would like to get input/strategies (that worked and that didn't) from the community on how to approach the average home owner who owners their resident free & clear to see if they would be open to seller financing.

Ciao,

@David Beard

Hi David, would you say seasoning the note for a minimum of 6 months is good practice?

I have heard TX,TN are good markets.

@Ellis San Jose

@Dion DePaoli

Thanks for helping me grow my knowledge in this space!

@Ellis San Jose

Thanks for chiming in!

So the fact the mortgage is underwater is not a underlining factor, got it, and it is more about the collateral.

Thanks all!

It was well worth the drive to hear you speak Will and to meet the rest of the group I had a ton of fun and definitely looking forward to the next time!

No disrespect taken, and I appreciate you responding to my post, the question was spawn through research that I had performed. And you hit the nail on the in-regards to blogs, books.

I believe the best course of action is to align myself with a seasoned note buyer/seller which is something I'm currently working on.

Any advice on how to approach a seasoned investor?

Thanks Tom

Hello everyone,

I am new to BP and the world of note investing, I've read loads of postings here on BP (which is just mind blowing the level of knowledge/experience) and have loads more to go which just wets my appetite.

To my question.

When evaluating notes that are underwater do you treat them the same as if it were not underwater, how much of a factor is it and lets say for the sake of argument the status is performing?