All Forum Posts by: Jason Dillard

Daniel is correct.  It sounds like you got all your down payment back and thens some.   Maybe you will be teaching others soon.

You are sitting on a gold mine.   You have a place to put private debt from your sellers. Don’t use a bank on the land.  Tell me the details on a property you want to buy and I’ll help you create the offer. 

@Drew W. Use it as additional collateral or a debt parking spot. What’s the value?

He doesn’t have a w2 to qualify for refi.  Banks aren’t an option. Gotta get away from banks. 

You can definitely increase your cash flow. You are only making about 6% on your equity.  You have a perfect spot to create some paper to buy another property. You could find a passive buyer for a discount sale, lease back, buy back.  Maybe your tenant is a buyer and you can create some paper to use.  Your property could be a down payment on a bigger one. There are lots of stuff you can do with out banks to increase your cash flow.   

@Randy Smith you can create any terms you choose. No need to pay an agent. Write terms of loan on contract and send to title company. I would escrow rehab funds and release as work is complete.

Offer to buy if he will lend back the money at the intensest rate he was gonna get out of DST. Buy another property with his money.

What's the market value?  What does it rent for?

@Suzanne Player silly putty.

Silly putty can be stretched, cut, push together, take on shape of what’s it’s wrapped around, and it even can be bounced around. Created Paper is Real Estate’s silly putty.

Created paper can have any term, rate, or value. It can have no payments, big payments, or negative payments. It can be secured by nothing, real property, private property, and and even other paper. It can bounce its collateral from one thing to another. It can be used to buy property or pay off debt. It can be discounted for cash in whole or parts.

Silly putty.

@Derek Dombeck the best place to get what your looking for is equity marketing meetings. All collaboration and helping one another.

Here is a place to start:

https://www.ncexchangors.com/index.html