All Forum Posts by: Laurence Bealer

Are you still trying to sell?

I would recommend selling it with attractive seller financing terms.

Interesting, are you talking about asking a motivated seller? I believe in finding out the sellers motivation for selling.
A lot of times they will tell you why they are selling and whether they are trying to get any money out of the deal or not.

I have purchased houses with no money down in the heart of the real estate boom with no problem. Selling at that time was more of a challenge because everyone with a pulse could get a loan and I ran into a lot of picky buyers.

Incidentally, I focus only no money down deals unless it is a steal at a cash price.

I like the idea of out of state absentee owners. Send them a simple yellow letter.
I have received a pretty good response each campaign.

Based on recent events namely the mortgage meltdown and the consultation of guys who have been doing this business a lot longer than me and still doing it.

I would never use my personal credit to do a real estate deal. I recommend 2 ways of buying houses or any investment property.

1. Paying cash (using private investors
2. Taking over existing financing.

Free content is good. I have learned a lot but I can not stress enough networking with other local investors who are doing what you want to do.

There are a lot of landmines out there and most of them will cost you money if you do not know how to avoid them.

Hi Sean, I would also suggest attending your next local real estate investors event and networking with people in your area that are wholesaling.

Of course the existing mortgage is in place regardless but can we agree that there is a distinction between buying and selling sub-2 and using an actual AITD?
Again, know one ever knows all there is to know about real estate.
Are you truly interested in this niche Bill or just being facetious?

Well, he is saying take it over sub-2, which is an option but I don't know if I would do a sub-2 unless I felt really good about the sellers. I would lean more towards an AITD to buy and sell.

I hope everything is okay with your dad. How did address this issue?

Sorry Guys didn't see the activity on this post. Well it would depend on whether they are current on payments I would structure a long term owner finance deal for the loan balance. The mortgage payments would have to be in line with the market and the house in move in condition. I am working on deals like these right now.