All Forum Posts by: Jason Davis

@Edward Toomey V Thanks for entertaining my questions. I live in Roanoke and look at zillow for places in NW/NE and SE and I'm always interested in how people invest in those areas.

@Edward Toomey V - Just curious, but did you consider holding this one as a rental or was it bought to be a flip?

@Edward Toomey V How does the realtor get paid in an owner financing situation like this one?

Thanks,

Jason

Thanks to both of you for the responses. I wondered if it might be on my end. I get on zillow on my laptop and don't really have any problems.

Everytime I log into Zillow now, before I can search I have to click a box to confirm I'm not a robot and then go thru this obscene captcha where I'm clicking boxes that have buses and fire hydrants and crosswalks that goes on for an eternity.  I can't seem to figure out how to get out of this particular level of hell and was curious if anyone else is running into the same thing.

Thanks

@Derrick E. or @Jill F.  - My apologies if you answered this already, but I didn't see it asked. When you guys set this arrangement up, does the tenant have to be paid in full for the month that you start taking the 1/2 payments?  I had this setup with my mortgage company a few years ago (trying to pay it down more quickly) and, say I started in January, I had to have January paid in full by the first and then they took a 1/2 payment out 2 weeks later so the 1/2 payment taken in January was really towards my February payment, etc. I hope this makes sense.

@Cody McCraw Yeah, that sounds like the way to go. Haha.

@Cel Arrington Congrats on getting the first deal under your belt and good luck with the deals this year. 

I lived in a flood zone for about 12 years and it would be a deal breaker for me based on that experience. Our house never flooded, but the insurance premiums were very expensive. I think the last year we lived in the house is was ~$4Kish (we sold that house for $135k). I haven't kept up with it since we moved (2 years ago) but our realtor told us that there is currently a cap on what the premiums can be, but that may not always be the case and every year it comes up for discussion (or something similar).