All Forum Posts by: Robert Herrera

Jolene P. Neal thanks. I just hit 24 Properties last weekend! Mostly in Pueblo. Real estate is Awesome!

Brent Coombs the tenant buyer doesn’t have the ability to purchase the property at this time. Their contract is not up or anywhere near it. I would like them to profit from the deal as well. Matt M. That’s not a bad idea, I may just do it that way. Write off for me, and they get paid. Thanks for the other angle I wasn’t seeing

I live here in Denver, but I have properties in Pueblo. I have a problem I’m needing some help with. I have a tenant buyer on a lease option. They are looking to move and have the option to buy at $57,000. They would like me to sell it to one of their family members. It’s their sister. Sale price to sister is $65,000. They would like to pocket the difference after closing costs and my pay off of $57,000. There are no agents involved so no commissions paid out. Can we use some sort of assignment fee to pay them out? I’m seeing if there is a better way then me collecting the full amount, and paying them off on the side. This will cause me to have to pay their taxes. What would you do?

Ceil is in Pueblo. Pronounced like Seal. Won’t let me post the number. Message me

Rachael Britton what do you have available. I am always looking for more in Pueblo. Message me

Jon Ankenbauer I’m going to guess that the mortgage has been paid down over a while now. There should be some equity built up since you are talking about a second mortgage. All you really need to do is get a loan to cover the old mortgage. As long as it’s 70% of the value of the home or less, you shouldn’t have a problem. Once the financing is complete and closed, make the second mortgage with your grandparents. The bank can’t stop you from taking a 2nd Mortgage after it’s purchased. As long as the bank has first lien position, they are golden. A Heloc is 1 example of a second mortgage. The only issue you will run into is a Ballon Payment. If you go through a lender that will allow a 2nd, they will not want a ballon attached to it. I deal with a lender in Pueblo that may allow you to do a second as well if you put a little skin in. The 2nd Mortgage holder has to sign a document stating they understand they are a 2nd Mortgage and not a 1st

John Trujillo

Dan Kersey High Desert Insurance Agency 102 s Victoria Pueblo

Ruben Banuelos I own the new updated Cashflow Game. Also, I Just bought Cashflow for kids for my kids. I invest in Pueblo but I live in Denver. I’m down for a game anytime.

Jamie Nacht I see you are GAMBLING on appreciation. You are looking at it as if it’s going to be appreciating forever. We saw what happened in 08’. If the property goes up in value for 3 years, then the market tanks... what is your strategy on these 2 scenarios?