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All Forum Posts by: Jason Dillard

Jason Dillard has started 33 posts and replied 510 times.

@Daniel Gibson Seller can buy option to buy back in return for lowering price. That could earn a 100% yield.

Post: A seller financed my deal, now they are sick and want equity

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Padric Lynch she can borrow against it. Don’t discount and sell. Borrow what she needs now.

Post: A seller financed my deal, now they are sick and want equity

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268
Quote from @Colleen F.:

@Jason Dillard  Yes she spreads out the capital gain but that is true even when you charge interest starting at some point.  You lose money because the value of the principal decreases over 30 years.  Only the interest would be earned income correct?  I guess the seller was ok with the deal when it happened but I can't see any advantage to her or no interest.


Post: A seller financed my deal, now they are sick and want equity

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Colleen F. Capital gain instead of earned income. Holder gets to keep more after tax.

Post: A seller financed my deal, now they are sick and want equity

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Padric Lynch she or you can borrow against her note. How much cash does she need.

Post: Looking for Advice on Structuring a Deal

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Joel Douglass I’m here in Greenville and have done deals like this multiple times. A big issue for sellers could be their tax. Find out what their basis is before making an offer. It may make more sense to lease option.

Post: Advice Needed: Using LLC when the title is still under my name

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

Put it in a Trust. You be trustee. LLC beneficiary. You are "holding" title but your LLC gets the benefits.

Post: Seller financed 2nd will not accept payment

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Stephanie Trevizo could move this loan and buy another property. Perfect set up if lender doesn’t want to get paid back.

Post: Best Use of Free and Clear Property

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

@Stan Butler if you gotta trade up and use that stagnant equity. Don’t refi. Use all the value to buy a bigger return.

Post: What would you do with 11 acres

Jason DillardPosted
  • Real Estate Broker
  • Greer, SC
  • Posts 538
  • Votes 268

Use it for 1031 parking for another investor.  

Use it to secure created paper to help you buy the next deal.