All Forum Posts by: Randy Stewart

I've found a home that I'd like to purchase for our personal residence. It is a potential seller finance with sub2 and a wrap around. This would be our first deal and we could use some expertise from those seasoned sub2/seller finance folks. If you'd be willing to walk us through a letter of intent, structuring the deal, etc., we would be extremely grateful. Thank you!

Hello, I have found a property with a motivated seller that I would like to buy for our family residence. To make the deal work, I need to purchase it sub2 the existing mortgage remaining in place with the seller carying a note for the difference between the existing mortgage and the sales price. I am in the Phx Metro area, and would love help with structuring the deal, writing the letter of intent, and knowing if I need an attorney, RLMO, Title Company, Escrow officer etc. 

Thank you! 

I know it's been a while since this topic was last discussed, but I wondered if there is any additional information out there on this topic? Has anyone discovered what exactly a "Link Option" is? Sounds like someone has made up a new name for an old strategy and is trying to profit off of the curiosity factor of a new shinny object?? I'd love to be wrong??

Thank you, I love that I can reach out here on BP and get the perspective of successfully seasoned investors from around the country.

 Sorry, "looking" should've checked before I hit send.

Thank you. I understand the mathematical formula. I'm liking for a source for that has the empirical research data on cities. For example, in Milwaukee distressed propert sales for something like 52% of retail value. There are organizations that gather and process this kind of data. 

How can I find out what the differential is between the value of distressed property, and the retail value of SFR's in a particular area?

What is the best way to find probate leads? Is there a list or service that searches the legal postings and can can pull out homes for sale in probate? Thanks in advance for all the great info.

 Yeah,I'm aware there will be an up sell. I've been well educated by my own life experience and common sense, as well as BP community.