All Forum Posts by: Kris Kempe

Hey BP fam, 

I have a property that desperately needs a way out,

The property has been on the market for a little bit, sellers just recently bought the property so they don’t have much equity. 
immediately I thought, subject too until I saw they had a 7.5% interest rate. They have $30,000 worth of arrears, and because they would be coming out of pocket if a buyer were to negotiate with them on price, price is pretty much non negotiable. Is there any work around to this where everyone wins? I’ve heard investors that bought the entire tax deed, although I’m not to sure how that would work. Thanks 

hey BP family,

I've run into a bit of a roadblock, I'm direct to agent and I've wondering how to get around the new NAR settlement, as soon as I hop on a call with the agent, they ask if I'm represented and then hang up the phone no matter if I say yes or no. Someone please help. Thanks

Hey there BP. What’s the best way to overcome the objection. I just want to be completely out of the deal when it comes to creative financing. I hear that objection more than anything when pitching and wondering the best way to overcome it. Thanks!

I would be assigning it 

Hey BP family.

So I have a property under contract where I bought it for 310,000 and am selling for 320,000 but it’s a subto. So the buyer is brining a downpayment for the seller. Does it matter and will I still get my fee as a wholesaler or do I still get the 10,000 from the price difference? Where does it go?

It's a mix of airbnb, short and long term, my downfall is finding JV partners and cash yes

Hey BP Family, 

Ive been going at the creative finance game for a coiple of years now. I have the time and have negotiated multiple deals but fall short on the money side and when negotiating all these creative financed seller financed and subject to deals. I can't seem to find a reliable either JV partner, buyer. I feel like I'm stuck and at a roadblock. Does anybody have any advise for what I can do? Thanks!

Hey BP,

This may be a dumb question but when getting a DSCR loan and they require a downpayment, can you go out and squire a 2nd note from a private lender giving you funds for that downpayment?

Hey BP

Is there a way to seller finance a property if the seller still has a mortgage on the property and doesn’t own it free and clear. Can the seller go in second position and still seller finance? Thanks 

Hey BP,

Is there anyway I can get around the law in Illinois, where you only legally wholesale 1 property without a license? 
other then double closing? Would it make any difference if it was in my LLC instead of my personal name maybe, idk. Thanks