All Forum Posts by: Ryan Lee

I'm talking with the person who has a house assessed at 400,000. But he added a couple more bedrooms and bathrooms and according to him is probably worth realistically worth 500,000. He would like to sell for around 400,000, but the thing is that he would like to rent the house for another two years while building another house across the street. I didn't know if this would be good for an investor to buy or not. Is it a good thing that there's already a for-sure renter? I don't know if it's good or not that it's not assessed correctly. Thoughts?

Has anyone done the 3 day training that US Tax Lien Association offers and charges $1500 for? Was it worth it or were you able to find that information online anyways?

http://ustaxlienassociation.com

@Ryan Lee thanks! In line item "2" you said "TO", what does that mean (still learning)? Also, what percentage are you looking to put down if she says OK?

Like "some money" TO "no money down". that part is where you have to negotiate with the seller.  If you pay the seller closing cost, then you might get away with no downpayment or a very small one. 

structure the deal that you win and your seller wins.




+ you might pay a larger interest rate than what the banks are offering,

btw down the line you going to want to do a cash out refi the loan, so make sure there is enough equity to do so. 

I think he means it can be some money down or no money down. It is all negotiable. 

Hi, 

If you are entering an owner financed loan, can you ask the current owner to transfer the current rental deposits over to you, or can you leverage it towards the down payment? I know in some states you are required to place them in a interest barring account, but not sure if this was an option.

Thanks in advance!