All Forum Posts by: Max Swagger

Yea I am vaguely familiar with subject to and wrap around deals. Didnt know about the contract for sale. Im definitely going to study this more. So many options. I was just going with the seller financing because it seemed like the easiest

@Brian Gibbons Thanks a ton. I really appreciate that write up.

I am also not targetting elderly people. I guess that may have sounded bad. I am reaching out to anyone that would do this deal with me and I just read that older people that own most of their home are most likely to seller finance. I am just looking for ways to buy a house with less that 20% down and without having to qualify for a bank loan. 

Is there anything I can do to make it more secure. If I don't make the payments then they get the house back... I can do proof of funds, i have a top credit score... anything else I can do to make the deal as secure as possible and make the seller feel good?

OK so I am wondering how viable the more experienced guys think this is:

I target older people on social security that most likely have their house paid for.

I leave a letter from me introducing myself to them and making them aware that I would like to buy their house in a win win seller financing agreement

I would tell them that by financing their house themselves, I would pay them a better return than any bond, money market, or savings account. And stocks are too risky.

Also, by self financing to me and receiving installments, they could potentially save a lot on their taxes.

What do you think the success rate of this would be?

Also, how do I find these kind of people?

I'm sure this is a fairly common strategy... am I missing anything? anyone have some experience to share?

Thanks!

thanks man

Hey, thanks for the encouragement yall.

@Shane Pearlman nice! im definitely going to look into that. thanks

My name's Max and after a year or so of thinking that real estate is something I would like to do in the future, I am finally going all in. 

I fee like investing is for me, and real estate is just very exciting right now. I've had moderate success as a poker player and as a currensy trader. I really like figuring out and solving problems, and it seems like Real Estate offers that as well as leverage and tax benefits.

I've been researching all I can for a week and absolutely love BP. I'm sick of paying rent, so my first priority is to get into a house and build equity and hopefully get some cashflow going, but if I got the ball rolling on this business I wouldn't want to stop. So, I'm here just to see learn as much as I can and get some properties going!

I'm excited to meet everyone and get involved in this community so I'll see ya'll around :)

Edit: lol, can I change my name to anything besides Max Swagger... I put in a random last name because I didn't want to give my real last name