All Forum Posts by: Marques Rounds

Thanks Josh Caldwell & John Holdman for your inputs. Would these terms be reflected on the contract as well so that the escrow officer understands what's going on at closing?

Were looking to wholesale a property to an interested investor. He stated "at $550K . . . gives me enough room to talk my money provider into a reasonable money . . . your seller has to carry 10% of the price in second position for 90 days . . . I don't have to sell the place to get him/her the balance . . . just coming out of pocket every time I do one of these is a little hard on my wallet . . . I just take it out of money that comes immediately following the purchase . . . ."

What are the stipulations of carrying 10%? What does this mean.

We finally were able to get a counter offer accepted on a short sale property. Trying to market it right now. I've submitted on the main social websites, can anyone think of others. If anyone is interested in an investment property in Northern California, Peninsula area, inbox us. Thanks!

That is a big market to target. Also in between, you could possible do Air bnb rentals as well to keep a steady and constant income. Were definitely thinking about utilizing mobile homes for that purpose.

It's a property in Bay Point, CA. An old estate which could be refurbished and cleaned up some to increase in value for a nice profit. Or can be converted into multi-units for steady income cash flow. I've contacted all on our buyer's list, as well as marketed it to postlets, craigslist, biggerpockets, and meetups. Are there another place to market the property too!

Yippy.........our first property under contract. Were excited!

Oh, ok. Your basically kinda taking a lien out on your stock, if you would say?

Have anyone ever taken out one of these loans before? What exactly does it entail to benefit investors?

Congrats!

Northern California is a hot area. Alot of renovating run down areas, into new, which raises the value of houses. You can email us personally if you'd like for more info.