All Forum Posts by: Jean Norton

I still like land trusts, but I keep my LLC as the beneficiary.

You will want some help from a local attorney to get the documents setup - at least the first time.  Then, it's always nice to find someone that will do the payment processing.

With seller financing, the buyer get's the deed, and depending on your state, a lien will be filed.  If you want to hold onto the deed itself, then you are looking for a similar arrangement called "contract for deed".  Sometimes that is a better alternative since you can evict for non-payment instead of going through the foreclosure process.

Will the owner finance this for you?

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Is having a condominium association FHA approved really that big a deal for real estate investors? New Blog Post - Part 2 - Why Gurus Recommend Avoiding Condominium Investing

http://www.jeannorton.com/why-gurus-recommend-avoiding-condominium-investing-part-2/

Call Greta to make an appointment to see this stunning renovated condo in Boca Raton Sunday between 12-3 - Appointment is required to get past the security gate. CALL LISTING AGENT GRETA 561-305-5034! http://www.zillow.com/homedetails/21863-Arriba-Real-APT-8E-Boca-Raton-FL-33433/46650357_zpid/

Absolutely - if you find a private lender.  I don't think it will be worth an institutional investors time and efforts.

Hi @Jay Hinrichs,

A lot of people don't know that - and where can you get them for $50?  I usually spend $0 to do a google search.  It's no big deal, until you've been taken.

Jean

One of the biggest problems in this real estate business is knowing other people’s level of integrity. I don’t mean whether you can trust them or not, because you can’t. I mean, what is their basic character? What are their priorities in life? What motivates them? A smile and a handshake isn’t enough these days to feel confident you have a mutually beneficial relationship with this person.

READ MORE...

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I flip condos in Chicago and Florida.  I like the in-town walkable locations in Chicago - I avoid the suburbs.  I personally don't see much difference between the new builds and the rehabbed, as we rehab to the max in Chicago.

You don't want to be the first to try it, so be sure to find where others have had success.