My broker tells me if two parties agree contractually that the seller will hold onto and not record the deed on a seller-financed deal that, no, the buyer cannot later compel me to record the deed. My deal is to offer...

My broker tells me if two parties agree contractually that the seller will hold onto and not record the deed on a seller-financed deal that, no, the buyer cannot later compel me to record the deed. My deal is to offer...

My broker tells me if two parties agree contractually that the seller will hold onto and not record the deed on a seller-financed deal that, no, the buyer cannot later compel me to record the deed. My deal is to offer...

I hold the deed for the duration until the 5 year balloon, at the end of which I discover if they will buy, walk, or renew.

I hold the deed for the duration until the 5 year balloon, at the end of which I discover if they will buy, walk, or renew.

As an apparently knowledgeable house flipper, this will keep him around as a borrower.Sorry for the sarcasm, but this is not the way to treat a customer, nor to run a business, in my view.I don’t know if you ever flipped a house, Greg, but it’s almost impossible for even the most battle-hardened rehabber to accurately predict the duration of a flip.

You could get an acquisition loan for $1.76M(assuming 80% LTV)A construction loan for $400k(assuming 80% LTV)You would need to come up with $540k for the duration of the rehab via private money, equity partners, etc.If you created enough value to get the value at $3.375M when you refinance, you could recapture the borrowed capital AND  your own capital. 

Especially, since I could recycle the PLOC a few times over the duration of the line.

These will be  non-conventional lenders and will mean higher interest and possibly shorter duration.  

Likely to Revise 2020 Forecast Downward, But Not Dramatically: The situation remains fluid, and conditions could deteriorate beyond what is currently envisioned depending on the severity and duration of the outbreak, but if current economic forecasts of modest declines in GDP growth are realized, the effects of lower rates should help to offset the effects of a slower economy and increased economic uncertainty such that California would still achieve a modest improvement in both home sales and prices this year.