All Forum Posts by: Kadesha Copeland

I pretty much understand the dynamics of seller financing, but I want to make sure I completely understand how it works when they own the home free and clear. Is it literally just as simple as the buyer is paying the seller a payment every month? The seller doesn’t have to process the loan through a bank or anything?

@John Underwood you’ve been very helpful! Thank you so much 

@John Underwood how do you do title searches before you buy the tax lien?

@Arnie Abramson thank you for the response! I’ve seen on the county websites that they have training available but I haven’t seen much else about it. I’ll do some additional research to find the trainings

@John Underwood and when you say “go for near retail” do you mean one you (after acquiring the deed) sell the property?

@John Underwood thanks for asking... when I first started look I was looking at tax deeds without realizing that there was a difference between the two. Now I see that you can buy a lien and have it transferred into a deed. Do you think this is a good idea to get into?

Hello, what are some of your thoughts on buying tax deeds when you’re first starting out to acquire property for deep discounts? I’ve done some research and I know the worst is additional costs that can come up if you were to take ownership of the property, but I’m very optimistic overall that I don’t feel discouraged about taking on something “possibly” more problematic than most. I know I have to do due diligence and get title searches of the property before I bid and in my opinion the pros outweigh the cons. Am I looking at this the wrong way? Any and all advice would be greatly appreciated!

@Odie Ayaga okay. Thank you for the advice, I wasn’t sure if it was a good idea to reach out before coming with a proposed project out of fear of wasting their time.

@Ann Shanley yes this actually helps a lot! Thank you so much for the response

Do you already have to have a deal present in order to obtain a hard money loan? Or can you see how much a lender would offer you for the loan and then start looking for a deal?