All Forum Posts by: Jordyn Pfeiffer

Hey BPers, 

I have recently come across an opportunity to purchase 8 units (4 duplexes in one cul de sac) with seller financing.  The units have an existing mortgage on them, so I would be doing a wrap, which I know has its risks (due on sale clause).  My question is, what should all be included in the OTP?  I am in WI and will be using the standard WB-11 form, in addition to a land contract.

Any insight is greatly appreciated. 

Jordyn

Great points. It can be hard not to get caught up in the minute details. Jump and figure the rest out later.

Thanks!

@Paul Timmins Thanks for all the great information! I am a member of the Madison REIA, and have definitely learned more there in a few short sessions than anywhere else, in addition to meeting a ton of great people to work with.

@Jerrold Meer and @James Wise Thank you for the welcome wishes! I am blown away by this great community of people willing to share and interact.

Cheers!

Hey BP members,

I am fairly new in RE investing - so far have only done residential rentals. I've recently begun further market research and been reading a lot about doing flips. BP has a wealth of information and I am grateful to be part of the community and hope I can add value for others as well!

Currently I am looking for private money, and to connect with other local investors and a mentor.

Great Start!

Thank you for sharing your results.

Can I ask what prompted the realtor to make the threat? I have 350 letters going out this week to out-of-state owners, so we'll see what kind of results I get as well.

Regarding the referral to the realtor that you made...Do you have a realtor's license? Or how does the referral agreement work between the two of you? I have heard of varying laws regarding receiving referral pay, so I am just curious how it worked for you.