All Forum Posts by: Gad Amit

My Borrower is is paying every month, all is good I just don't know how to report her payment to improve her credit score.

She obviously did ask me to help her.

Please, Any Idea?

Sure but the issue is that I think it should be for people that want to own not for investor... the numbers are good for people that have difficulty to star to own... but I don't think it is good for investors since I want 6% 

Craigslist is full of many things... but you right... I do have realtor that is very professional in the area... but I'm getting pressure for "normal sell"... that is why I asked for help I sure do think that OF should be a Win Win... right?

OF should be a Win-Win, my property in Lake Mary Florida is located in a very nice neighborhood, great school district. So I assumed people will be happy to get OF option. But look like the MLS is not helping to emphasis the OF Win-Win situation.

I was assuming that OF option in a nice area will bring buyer from distance... BUT from what I can see so far, only local people that know the area are looking...

Bottom line, the MLS is not a good tool for OF, I'm sure that a tool that can bring Owner Finance Buyers and Sellers together can be greatly appreciated by both sides.

G Amit

Just to let you know that this deal went side-way... buyer lost is deposit NOT too much but I did try to learn the investor numbers on my property from investor perspective found that numbers are NOT RIGHT which mean that he should NOT buy to begin with since HOA was too high... my agent said that he want the property to himself... so I didn't say anything but now we all know the END-STORY here.

Actually I should ask a new question how to fund real buyer that need Owner Finance? (OF) 

OF is a Win Win from what I can see but why the MLS is so limited and not allow you to filter OF deals (some places I know you can do it but NOT in all places). Bottom line I understand now that it is NOT easy to find buyer for OF... I think that most people will NOT know about that option and I'm sure that OF tools to find home with OF can be great appreciated by both side seller and buyer.

G Amit

I'm awaiting the answer... after requesting 15K for the 130K value... 

I'll let all know

Thanks for your help

Gad

Thanks so much for your help it is great,

I asked my agent to request 15K down. 

Yes I risk the deal, but from what I get so far it is reducing my risk significantly...

Thanks again

Gad

Thanks...

But if buyer need to improve her/his credit... will it still work?

Marc, (it is NOT a curse!!! it is my real and only name..."Gad" is from the bible... right)

But more seriously, 10K should be enough if Worst come to worst... I hope  the place is in a very good order(for now)... this is investor hope he want to keep is good name... how costly can foreclosure be... Just thinking...

I sure hoped to help a person with need... otherwise I don't

BUT the question is, if I miss something?