They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

Security investigated to find the renters still at our house.

lastly I think the sellers in these areas are far more sophisticated than inner city rust belt property owners about values..

The buyer may pay off the remaining balance at any time without penalty.2.Late Payment Penalty: A late payment fee of 5% of the overdue amount will apply if payments are more than 10 days late.3.Loan Security: The property will serve as collateral for the seller-financed loan.Hey @C.S.

We weren't sophisticated enough to call it that, but we were both on board because I liked the potential upside and my wife loved the neighborhood (that we could not have afforded to get into unless we bought a dump of a house).

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

Could any of you guide me on what I should do initially to secure financing?

McElhannon: I'm curious on peoples go to approach to secure financing for an investment property - use a broker? 

Ian - do you have any recommendations for a good securities law attorney? 

When I started, I  submitted great deals to a corporate cash buyer,  they went behind my back and secure the deals with the sellers, after the  contracts expired.