All Forum Posts by: Joe S.

Hope everyone is well. I am looking for a website platform e.g. wordpress, ning, etc. that will allow me to list properties with video, pics and pdf attachments on each house. Since I will be owner financing these properties with no credit check, I need a check out payment option e.g. paypal, google check out etc for the down payment on each of these listings. Does anyone know of a platform out there that has these options? Thanks in advance

Thanks. I want to sell the house for more than 120% on a owner finance deal called a contract for deed which means I hold the deed until they pay me in full. I was hoping to do this and include some language in the contract for deed that prevents the transfer of the deed for 90 days. I guess my bottom line question is; can I sell the property if I hold the deed for 90 days?

Need some advice.....i just made a cash purchase of a fannie mae reo....now can i sell it on a contract for deed if i am still within the 90 day fannie mae deed restriction period? Just wondering if I could insert some verbiage into my contract for deed that would allow me to get around this 90 requirement e.g. purchaser agrees that deed will not be transferred from seller for 90 days. My atty told me he wont close it for me this way. thoughts?

Thanks for the insigt Guys....yes I meant software for tracking deals that I am financing to others. A couple of other questions for you.....

I am mostly financing junkers right now...mainly because potential losses due to the occupants can be lessened. These junkers need to be rehabbed and can not be occupied until work has been done anyway.....so having said this, what type of owner finance agreement do you recommend? I would like to be able to take back the house asap and as cheaply as possible if they quit paying. Average sales price will be less than 20k.

My attorney has suggested a contract for deed with a quit claim back to me to be signed by them at closing. We would then record the QC if they quit paying and the house will most likely be vacant anyway so we can take immediate possession. If they have occupied it, then that means that some work had to be done on the house and it will be worth going through the eviction process because undoubtedly will have had to make some repairs.

Do you recommend escrowing everything?

Hey All, I am new to the BP. I am looking for some recommendations on software that can be used to track multiple owner finance deals. I have looked around on the web and not been real impressed with what I have seen. Can somebody please provide a recommendation. Maybe this is not the right forum for this type of question?

Thanks!