I received a modification to my original offer on my first deal stating that the current security deposits would need to be transferred to the buyer’s (my) designated holder that “shall be a licensed Georgia real estate broker.”

I just listened to a podcast last week where the seller was so far under that they wrote a check for $30,000 to the buyer just to get rid of the house.

I am doing my 1st owner finance deal where I am the seller, providing financing for the buyer.

In my area, we’re seeing massively inflated housing prices due to domestic and foreign cash buyers and creeping interest rates but I don’t know any other market.I need to make sure our first move is a good one and have a lot to learn.

those that say its a waste of time or money I would put in 2 camps.1. not a real buyer just a tire kicker wanting freedy free loader information from you.2. not really sold on your market at the time.Although a lot of folks buy sight unseen that's for sure..

However, his buyer quit making payments and he foreclosed on it.

There are lots of advantages to the buyer in a seller finance transaction if structured right.

Hi All,I'm a new real estate investor who's been trying to aggressively network with out of state parties (realtors, property managers, lendors, etc) for making a potential purchase.Due to distance, I'm worried out-of-state investors aren't always top of mind or receive pocket listings compared to local buyers or investors.

But if it's been 'recently renovated' I assume the juice has been squeezed out of any upside.Bottom line, it depends on the buyer you want to attract. 

Hilda, one approach that will help take the emotions out of the wayby not having to directly talk to the seller, find a good buyer's broker :)And in the meantime build a 720-800 FICO and get pre-qualified soyou're ready in case they don't want to do owner financing.IOW ALWAYS HAVE A BACK-UP PLAN in BUSINESS which is not personal...