All Forum Posts by: Tracey Williams

Tom Cullen,

I am interested in your offer if Bryan did not take it, I have 60k of my own to put down in my deal.

I'll be glad if you can work with me, just send you a PM

Thanks

Hi Craig, am from columbus too and learning a lot from BP

Welcome to BP

Am from Columbus OH as well and will like to network

Thanks

I just want to add that the Library is a great source of information for starters like us.

I once paid for a "guru program" and that's all it was. nothing to gain!!!

I just read "think & Grow Rich" and I got it from the Library.

BP is a great place to be!!!

Thanks to you all!!!!

I am trying to understand this situation clearly!

If the seller carries back 20% of 100k
You then get a loan for 80k- my question here is? How do you structure your offer for this kind of transaction?

1. Is it going to be on your contract that the buyer is carrying back 20% for you? or are you going to write a seperate agreement with the seller?

2. The bank has to be aware that the seller is carry back the 20%. will they like a lien on a property they are going to finance?

3. For the loan of 80k, you now have to provide 20% for down payment $16k or will they consider the 20% that the seller is carrying?

l'll like someone that has use this strategy before to share their experience.

Thanks

Great tools,

Thanks Josh

Glad I read this post! am on my way to get my copy of Ray Alcorn's book