All Forum Posts by: Jim OConnell

Does anyone on here specialize in the off-grid areas out in Ash Fork? I have a referral in with someone who is coming off an MLS contract shortly.

For newbies....check in with Susan Weitzman at Linton Real Estate.  

""will get murdered in taxes and want the extra income". Extra income being our interest payment." How do they owe taxes on getting their principal back? It's not income. Losing the interest on the payment is something...Maybe offer them the option of rolling the loan into the next property you buy, giving them an option to refinance an aggregate first for you (well - maybe not if they are weird), or offering them a variation on the "cash for keys" kind of thing....maybe proposing something like, "we are sorry you are losing some income, you can get paid off eventually through escrow on the refinance, or we could pay you off now with an extra small fee for your inconvenience and loss of income from the prior owners' actions "....maybe something like an hour or two worth of legal fees.

Thanks, Janea. I just pulled the sample one off the AARonline.

Thanks, Ari. Getting a sample/example to have checked is somewhat the point....which attorney/legal services are you using, or would refer, for the generation of these agreements in AZ?  Are you using any billing services firms that you would recomend?

What forms/contracts are you using for Arizona Seller Financing and Subject To Addendums
If you are having yours made custom, do you have a referral to purchase/acquire?

What forms/contracts are you using for Arizona Seller Financing and Subject To Addendums?

If you are having yours made custom, do you have a referral to purchase?

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"Part of our idea is to create an investment that also benefits us- we are paying for an apartment now (in this town) and likely will have more children attending there as well. It will be a pain, but so is writing a $900 check every month for 1 bedroom haha"....

Buy the house at the right price (there's the rub in Flagstaff right now) that cash flows enough - make it a STR, take the cash flow, and pay for the student housing. You can block off weekends or times when you want to visit (checkup on) your kid, and maybe even get her to help a bit with the STR management or upkeep. Property management for an entrepreneurial business will look good on the kid's applications when they get out of college.

No, we did several deals in Flagstaff and then started to work in the valley. We have a team in the valley that will travel to our projects in Flagstaff. You will find the barrier to entry in Flagstaff can be on finding deals and then affordable contractors and/ or any help that won't break the deal due to high costs. 

We just found out one of our payments is being held up. any updates from anyone on this issue?