All Forum Posts by: Jason Dillard

We always buy with a bond for title that wraps the HELOC. The wrap has identical terms as the HELOC so it's almost a sub2. Since the HELOC is revolving debt, the bank will call loan due it you took it sub 2. However , just as Bill said, since it's in an estate be ready to pay it off if need be.

I have a couple like this that aren't in estates that are going well.

Is there demand for loan origination for seller financed transactions across the country? We defiantly have the demand here. The benefits out weigh the expense and headache for us to become licenced and compliant. Since we specialize in seller finance property management, we felt obligated to help our clients stay within the new law. Are there any other new companies springing up out there?

Equity millionaire is easy. Cash millionaire is hard. In my opinion, unless it's cash, it does not count.

The DEAL! You can easily find a buyer or lender if you have a real deal. Money follows deals. Deals don't follow money. I don't ever build a buyer's list. Deals are in demand. Money is everywhere. Once you believe this, you will always have the cash for every solid deal you can find.

I pay more for my kids's 2nd grade than what you guys are complaining about. Am I the only person that paid 5k for a seminar and became successful because of what I learned and implemented? Sure, you can learn concepts online, but your belief level goes up when a real live person teaches and can answer all your questions. I'm grateful for the guru that taught me. Hundreds of transactions are closed because of that boot camp. I haven't had to work for anyone for 12 years because of a guru that doesn't even know my name. Free information is great, but the newbie has no skin has nothing to lose. Maybe that's why so many newbies never get one deal to close.

By the way, I never attended Robyn's boot camp or even heard her speak.

Almost always buy sub2. It protects you more.

To me, this is not a deal. There are plenty of sellers out there that won't ask for a down payment with these numbers. The best I would do here is give seller a no payment zero interest 2nd.

Who is making his payment now? Relief from payment is enough skin for a truley motivated seller.

We have added radio and tv to get more leads. We seemed to get better prices after we hired an advertising agency to find and negotiate opportunities.

I have had this happen to me twice. Both times, since the mortgage was current, the bank requested to be released from the bankruptcy. Sub2s are my favorite method to purchase houses that I'm going to keep.

I would. Simply pass the loan terms along to the tenant buyer inside their wrap or bond for title. Free house with cash flow that the buyer would have a payment that goes up to match my inceease.

Be careful, I may pass on this deal as a beginner, but I have enough properties to cover some negative in the future. I need a place to invest some cash, and a small piece of an older Mortage provides a really good return. I like making payments on old notes that I run across.

Does not take cash. A new mortage is recorded from the owner entity to the lender entity. Looks like you are fully leveraged, but you owe you.