All Forum Posts by: Rob Perodeau

starting out her asking price is so far off what I believe to be what the property is worth and I kindly told her so. So I suggested getting an appraisal to have a number closer to my thoughts (hopefully) to have something to work from. I also have a home inspector set up and ready to go if we get to the point where one is needed. I just really wanna make sure I got all bases covered to ensure neither party takes a beating. So fingers crossed!!! Anything additional info is and will be greatly appreciated. Thanks and here we go

thanks so much!!!! That will be helpful. Since we (me and the seller) are both inexperienced at this she hasn't as of yet requested anything particular. I just want to make sure that she is comfortable with everything. So I will start with the loan servicing company and also choose a reputable title company. We first have to settle upon a selling price and then take it from there right? Thanks for everything. I have had several deals fall through so I am pretty pumped about this one. 

So after reading books, frequenting bigger pockets forums, podcasts, webinars, and YouTube I feel like I am ready to buy my first sfr. I have found a really nice deal and the owner owns the property out right (owes nothing on it) after talking to her and going through the different options for me purchasing her home she has decided that she would like to seller finance it to me!! I need all the advice I can get to ensure that this deal goes smoothly for me and her. I want her to be comfortable and feel good about this deal so what are gonna be the next steps I take in the next couple days to make this work for both sides??? Thanks for everything!!

I must start by saying this is all brand new to me! I have been reading and absorbing all that I can. However there is something that I can't get all the way understood. When obtaining financing in a non-traditional manner such as private lenders and such. What contracts should be used in order to cover both sides and certainly make your prospective lender at ease of the situation? In John Schaubs book " how to build wealth one house at a time" he talks a bit about lease options and so on but no where can I find what is protocol when going this route. Any and all help will be greatly appreciated. Thanks in advance