Account Closed
Ideas to secure Owner Financing - Can you add to this list?
23 October 2019 | 5 replies
Some ideas: Offer the seller an envelop with 12 post dated check - they don't have to wait for the letter carrier.Offer to put a deed in liue of foreclosures in escrow with their lawyer - transferring property back to them in the even of non-payment or violation of the terms of the mortgage - Offer to have monthly inspections of the property by sellerLet them know they will be added to your insurance policy in the event of fire - they get paid offOffer additional collateral (like a blanket mortgage) - always on a blanket mortgage you should have a release clause after the equity reaches a certain amount - no need to tie up your equityProvide additional co-signersProvide your financial statement and a copy of your credit reportProvide your nice guy resume (written testimonials about you from past customers, transactions, your preacher and other lenders, awards, newspaper clippings of you rescuing a cat from a tree, awards from the Boy Scouts) have all this in writing.
Simon Stahl
BRRRR - Why does that seem so easy?
16 June 2016 | 17 replies
Simon Stahl it seems easy bead at this point it is still theory until you actually do it and gain the experience.It's not rocket science but there are many moving parts that need to be coordinated.Have you identified your refinance lender?
Daniel Ramirez
Bandit Signs - Legal in Charlotte
9 November 2016 | 16 replies
I call when I see them (to be added to buyers lists) and usually don't get a response or a call back...if someone would actually follow up they might enjoy some success!
Lenny Wilbourn
I don’t want to make money
8 September 2015 | 7 replies
Most corporations are pass through entities, so their profit or loss will be added to your income.
Brianna Shults
The new TX laws and what contracts should I have as a wholeseller
25 May 2018 | 4 replies
If you don't draft it with the "and/or assignee" you can add an addendum to the contract which is just another page that can be added at anytime if both the buyer and seller sign it.
Kevin Gates
Minimizing Capital Gains Tax After Investing in Rental Property
1 November 2018 | 2 replies
They would be added to the basis of the property (your cost).
Bryan Hancock
BP Approved Vendor Discussion
27 October 2010 | 17 replies
We all could probably come up with more that can be added to this.
Account Closed
Corss-Collateralization and Blanket Mortgages
31 March 2012 | 8 replies
Additional properties can be added after they are purchased by adding the new legal description and filing it to the book and page of that property.Basically that's it, but I really suggest that since you and your borrower need to work together you consider a partnership arrangement where you loan money to the partnership (LLC) since lending money to "your" company will keep you from being a commercial lender and your LLC could keep you in a passive tax position.
Hemant Bhagwat
Checklist for a fist deal!
13 July 2013 | 9 replies
Stamps and envelopes should be added to your budget.
Bret N.
Cash Rules-A suggested feature for those that are "down with BPP"?
17 December 2013 | 5 replies
So after seeing a ton of people on BP "seeking funds" I think a feature should be added to streamline these request.