All Forum Posts by: Benjamin Cowles

thanks.

thanks Bill! Good info. 

I hope this isn't too long but I've read and podcasted a lot now but these following questions remain obstacles in my confidence to move forward at this point so any help with any of this would be much appreciated. 

1) Between title co.'s RE attorneys and escrow co.'s, which seem to have some degree of interchangeability, how many if these do you need, and who if any can serve as a one-stop-shop? If I'm assuming correctly the attorney has a very important role here so wouldn't they be the the most cost effective point to at least start off with?

2) From the buyer's perspective who's solicited a seller to sell their property, who's real estate attorney or title co. should be used to carry out the transaction in the best interest of both parties? Most info I've found covers steps from the seller's perspective who in typical transactions chooses the title co./RE attorney but as an investor buyer I plan on taking care of most if not all the logistics to make things nice and easy for a prospective seller.

3) Also, from what I've gathered the seller would normally be the one most interested in setting up seller financing but so far I've not gathered much information on how a buyer would go about this step through their course of acquiring a property.  Upon getting a seller to agree to financing part or all of the purchase, how does the buyer who has proposed seller financing in the first place go about the next step here? 

And lastly, 

3) When making your offer, is it usually a tentative one contingent on a contractor's estimate of needed repairs? I can't imagine your calculations add up the same after you put them up to a contractor's, or do you make your offer with a certain margin of allowable difference in mind or do you make a ballpark offer or an offer 'minus repairs' before your official offer after you've brought your contractor over? And at what point do you go under contract? 

Thank you, thank you, thank you if you've made it this far and can help at all. 

so does selling the note put him in the clear -safe from DF putting the liability on the note buyer? Or can this still come back to bite him?

I'm confused. You don't like buying with banks so you usually use cash and you don't like portfolio lenders because of their in house llc requirements and then (on a completely different subject?) you're wondering how you can finance your own property in your llc?  Sorry I only have a question. Curious what you're asking though. 

... So? The suspense is killing me!

put together a spreadsheet? I'm working on my own. So far have cap, coc, and roi in columns for each propert/row I input.  Not bothering with irr at this point tho but with it's complexity looks like it should have it's own little section but there are excel functions for it. 

Lol. When I read "girls were in charge of the basic construction" before clicking the link i thought it looked a little peculiar. Almost immediately I thought 'where's the pool of milk in the back yard' then began salivating. 

so how'd this ever turn out? So many unconcluded threads. So many stories ive yet to read. Tell tell. 

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