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4 February 2022 | 30 replies
That this remark as you wish and use it to your advantage not your disadvantage.
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31 January 2022 | 248 replies
Are there particular asset classes, you think may have advantages or disadvantages in this market?
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24 August 2022 | 10 replies
Still, there are disadvantages that may prevent a buyer or seller from signing on for owner financing.Advantages for BuyersCan provide access to financing that a borrower may not otherwise have qualified forEnables buyers to finance homes that don’t qualify for conventional financingLets buyers and sellers shorten the due diligence period for quicker closingReduces the cost of closing by eliminating appraisal costs, bank fees and—if the buyer so chooses—inspection costsEliminates down payment minimums imposed for government-backed mortgagesAdvantages for SellersAllows owners to sell their property as-is, without having to meet a lender’s appraisal requirementsPresents an investment opportunity with better returns than most traditional investmentsShortens the selling process by reducing due diligence requirements and eliminating the lending processStill offers the ability to sell the promissory note to an investor for an up-front paymentLets sellers retain title to their home—as well as money paid toward the mortgage—if the buyer defaultsDisadvantages for BuyersOften involves higher interest rates than a traditional mortgageMay require borrowers to make a balloon payment at the end of the loan termDepending on the borrower’s creditworthiness, the seller may not be willing to provide owner financingSeller’s mortgage may include a due-on-sale clause that requires them to pay off the mortgage upon selling the house, thus precluding them from offering owner financingDisadvantages for SellersExposes sellers to the risk of non-payment, subsequent default and—in some cases—a need to initiate the foreclosure processPuts seller on the hook for repairs and other consequences of deferred maintenance if the borrower defaultsFederal law may preclude sellers from offering owner financing, limit balloon payments and require the parties to involve a mortgage loan originator.All the best!
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21 September 2011 | 10 replies
Tax wise, different entities have different advantages and disadvantages depending on what you will be doing.
10 November 2008 | 2 replies
Hello guys,I have plans to buy multifamily units in Los Angeles area and rent them out for people who qualified for section 8.What is advantages and disadvantages?
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22 January 2020 | 210 replies
If you want to be successful at RE you will be at a severe disadvantage if you quit school and let me tell you breaking into this business is already hard to do .
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22 January 2019 | 11 replies
At the same time I think both private and public have their advantages and disadvantages and neither is 100% superior to the other.
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9 January 2016 | 2 replies
BTW If you are flipping or doing business in Leavenworth County, KS you are at a disadvantage.
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25 September 2018 | 48 replies
In other words, just build it into the sales price for the buyer to pay... net the same to the seller, only no disadvantage potentially to the listing/seller in extended market time.
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3 June 2022 | 9 replies
The downside, is even if I offer full price for the home, I can't offer to pay the 6b costs, so the most I can offer is the listing price less 3%.This puts me at an unfair disadvantage to acquire a HUD property, since other owner occupants can just offer the same price as me, and to pay the full closing costs and win the action, or just offer enough over me to make up for that difference.Do any of you know a way I can increase the appeal of my offer to a HUD broker by increasing Net-to-HUD (7.) by any other means under the GNND loan requirements?