
17 June 2024 | 16 replies
One piece here is that yes you can potentially find buyers that will have a premium for successful track record + even furnishings, listings, review - but important to remember that there won't be a premium assessed by the lender in almost all situations if the buyer is using financing to acquire - their loan will be based on the pure real estate value even if they are paying more - just a tip to keep clarified so no surprises that can throw off deals

15 June 2024 | 87 replies
Alan Ceshker: Thanks for the questionYes it does First - get insurance in place correctly -- use a proven insurance provider -- this is most important Educate seller to not contact the bank Use a trust structure to have the conveyance appear to comply with Garn St GermainBe ready to fix if needed via a deed flip flop or paying off the mortgage These transactions should only be attempted by experienced and ready investors -- those with the knowledge and ability to fix if neededThanks Alan OK other than paying off the mortgage everything else you describe is just trying to get away with something that you know gives the lender the option to call the note..

17 June 2024 | 19 replies
Maybe local individual...you can track them down pretty easily.If it is a big lender like the big banks....well good luck.

15 June 2024 | 9 replies
That's the simple, proven method that leads to success.

15 June 2024 | 1 reply
In exchange I was hoping this could be a learning opportunity to help pave the way and set me on the right track for when the time comes after high school to purchase my first investment property and start the snowball.

14 June 2024 | 6 replies
Just a simple online way to keep track of the loan, that tracks & receives payments, and increases the loan amount each month based on the agreed interest rate etc.I'm going to keep searching online but I'm sure there's a wealth of knowledge here and I'm willing to bet some of you have used multiple platforms.Please let me know if you have advice.Thanks!!!

12 June 2024 | 14 replies
How do you guys keep track of the financials for your portfolio?

14 June 2024 | 7 replies
I ended up using a combination of XL (each loan has it's own tab with loan details and amortization/payment table), Outlook Tasks/Reminders (to track upcoming due dates/maturity dates), and QuickBooks (for general ledger)...all held together with some bubble gum.

15 June 2024 | 5 replies
You're on the right track..the BP tab 'Tools' has some decent resources, I've also found excellent analysis spreadsheet on Etsy for a few dollars.

13 June 2024 | 4 replies
This is a simple truth proven time and again throughout all of history.