All Forum Posts by: Mark Graham II

Just saw the thread and was curious if you all were still doing meetups? I’m out in Williston but would make the drive to network and learn. If anyone is interested please let me know. I could make any weekend work, or, with enough notice a week day

I know this is an old thread, but was curious if anyone was still around the Williston or Watford area? Even Dickinson, or Sidney, MT. Looking to finally get in the game and would love to network 

 Got it. Now that would change if it was Sub To, correct?

 That makes sense, but still leaves me with the original question. What does that look like? Just a conventional loan of some sort to close the sellers note, and start one in my name?

I just realized I was referring to SubTo in this example, which is where my questions lie. Seller financing is more strait forward

Honestly I’m starting to wonder if I’m just over-complicating it…

I agree with that 110%. I guess my question is how does it work at closing. Meaning if I've gained say $50k in equity (just and example), and I put it on the MLS, and the end buyer purchases it, how does that look at closing?
I’m guessing that the payoff that I had seller financed gets paid to the seller, I keep the difference and everything closes just like normal? My brain tells me it would be like a wholesale deal at closing, regardless of how long I owned the property?

So I’m fairly new to the idea, but understand the approach, and negotiation aspect of seller finance. Where I’m having some difficulty understanding is the exit strategy. I’m looking to do LTR on the property, and ideally won’t need an out, but there’s always the challenge of life changing events.
My question is:

In the event something were to happen and 5-10 years down the road, I needed to sell the property to raise capitol, how does that work? Would it just be a double close to pay off the seller financing and I walk away with the appreciation and cash flow earned while under my control?

My primary concern is taking care of the seller whom I bought from, and the end buyer being able to have conventional financing in place as the end buyer. Any help on this would be appreciated. 

This will probably cause a lot of hate, but it's a natives opinion... You couldn't pay me enough to live in Denver. However, the market in Denver is so strong, if I could afford it, there is no better place to invest. If you want a larger city, I would strongly look at Colorado Springs. It's smaller, with multiple military bases. The cost of living is cheaper, and this property prices are cheaper. Just something to consider

I really wish I could have made it, however the wifes doctors appointment just made it impossible. I will be at the next one for sure though! 

I'm still learning and looking for a good deal, but I'm out in eastern Colorado. Grew up in CO Springs though. Sounds like you're getting a lot done, so congrats on that! If you ever have any questions about this neck of the woods, let me know!

Totally forgot to mention that as well, I would never consider living somewhere I didn't have a garage. I'm an avid motorcycle rider, so I would want my bikes protected