All Forum Posts by: Mark Morris

Hi Rob,

Thanks great - really appreciate the info. I’m going to get my attorney to register the land contract once it’s notarised.

Mark

Tracy thank you that is great information and very helpful. I've never bought via a Land contract - would the $15k down payment be paid direct to the seller or to a third part attorney / title company ? thanks again 

Hi I am US investor from the UK. I am looking at purchasing a property in Cleveland Ohio via a land contract. The seller really wants the purchase to be made in my personal name. I explained to him I only invest via my LLC in Ohio ( which I have had for approx 3 years ). The seller has now come back saying he is happy to do the Land Contract in my LLC name and that will be filed with the country to show my interest. However he wants the note ( $20k over 10 years ) to be in my personal name.

I don't know whether this is legal ? also I don't have a personal US bank account so would be difficult to pay personally. Also I'm not  really sure what the issue is - he did state initially is that I could just close my company down. I did state I couldn't see that happening and if it did he could surely he could file a court action for land contract forfeiture. He would keep any monthly payments + $15k down payment. Any thoughts or advice would be appreciated. Thanks

Hi David - thanks for the quick reply have sent you an invite. 

Hi Jay - thank you will download. Funnily enough i was on the turnkey reviews podcast ( show 13 ) !!

Thanks Again 

Hi,

I'm a UK investor ( based in Manchester ) and have been investing for cash flow in the US for the last seven years. I have properties in Michigan and Ohio both which have done well ( on the whole ) for cash flow. I have have been looking at some deals in North/South Jackson, MS ( with financing options ). 

The areas are MS 39204, MS 39206, MS 39212, MS 39204 & MS 39206. Just wondered if anybody could give me any advice on these areas. They are single family homes ( 3 bed a bath ) in the price region of $40 to $60k with rental amounts of between $650 - $850. Any advice of these areas or Jackson generally would be greatly appreciated.

Thanks

thanks Jacob and David for your response -much appreciated , have sent you a PM.

Hi,

I'm form the UK and have properties in the US states of Michigan and Ohio. Due to the poor sterling dollar exchange rate - I have been looking for seller finance deals in the US as my cashflow is pretty healthy. I have been offered an opportunity in Niagara Falls, New York and wanted to try and get some advice re areas and rental demands from somebody on the ground there. Any help or pointers would be appreciated. Thanks

thanks for the offer Lorenzo - much appreciated  . I have requested up to date availability. If it's ok I will then contact you with a couple I've shortlisted....

thanks Jason - please could you reveal the good cash flow areas ?