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All Forum Posts by: Thomas Reilly

Thomas Reilly has started 1 posts and replied 4 times.

Post: Seller Finance Exit Options - Negotiating

Thomas ReillyPosted
  • Kansas City, MO
  • Posts 5
  • Votes 1

Thanks @Wayne Brooks. That's a good idea. 

Post: Seller Finance Exit Options - Negotiating

Thomas ReillyPosted
  • Kansas City, MO
  • Posts 5
  • Votes 1

I have a seller finance deal where the seller is agreeing to $300k (30year, $0 down, at 3.5%) so lifetime value of loan to seller is about $484k. If I refinance the house with a bank in let's say, 2 years from purchase, the seller only gets what the bank appraises it for correct? 

So if the bank appraises it for $310k, then that's what the seller would get?  

My seller is worried I'll refi fast and he'll miss out on interest payments (the main reason he wants to do this), so I'm trying to give him a way to see some upside in choosing my offer. House is in good condition, and is priced fairly. 

Any thoughts on a creative way to offer upside to go with me (assuming the math makes sense). One thought I had was offering "If I refinance with a bank and the value is appraised higher than $300k, we can add $X (let's say $10k) to what you would have gotten" 

Post: Of These 11 Skip Trace Sites, Which Has Shown the Best Results

Thomas ReillyPosted
  • Kansas City, MO
  • Posts 5
  • Votes 1

Got this from Batchskip "We only scrub active litigators, not the complete DNC list". Anyone know where to go that does both?

Post: Of These 11 Skip Trace Sites, Which Has Shown the Best Results

Thomas ReillyPosted
  • Kansas City, MO
  • Posts 5
  • Votes 1

I used REISkip and got a lot of bad numbers. Just tried Batchskip due to people talking good about it. I ran the same list in both to see what the outcome would be...and noticed that Batchskip had way less DNC matches than REISkip? Anyone else see this? It's good that if it's more accurate, but I don't want to call DNC numbers?