All Forum Posts by: Account Closed

I apologize if this question has been asked on BP before – I couldn’t find a previous post. I’m wondering how you rehabbers find your project managers and what kind of experience you require them to have?

Until I can replace my W-2 income with real estate investing, I would like to find a job in real estate. Having organized music festivals, managed a business, and managed my own renovation project, a job as a rehab project manager appeals greatly to me. I just need to know what I should do to get started! Thanks for any insight you can provide.

Thanks for your reply Bill. You're right, I explained that first part incorrectly. The idea would actually be to sell the property to someone for more than I paid, and they would assume the payments on the original note. I would simply keep the difference between my original purchase price and my sale price. It makes sense that a property can sell for more once it advertises seller financing.

Thanks to everyone who reads and responds to this post. I am a new investor. Currently, I own one triplex that I spent all my money buying and rehabbing. While the cash flow is great, I don't want to wait any longer to invest in more real estate. This has driven me to take a close look at seller financing and I’m intrigued by the benefits it offers to buyers and sellers.

While looking around my market for sellers who may offer financing, I noticed there are exponentially more buyers looking to get into a seller financed home. That’s when I got the idea I’d like to bounce off of the Bigger Pockets community: How can I structure a deal where I purchase a seller financed property (a property that wasn’t advertised as such) with an assumable note, and then turn around and sell the note to a would-be homeowner for a nice little profit?

Another possibility may be to keep paying on the original note and create a new note for my buyer that would give me a couple point spread on the payments. Please share your thoughts on these ideas. Has anyone ever done this before? Are there other similar tactics I should consider? Is there a fatal flaw in this premise? I want to find some way to meet this demand for seller financed homes.