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22 May 2015 | 4 replies
Word absolutely does get around though, so if someone constantly tries to retrade on every deal, the brokers are not likely to sway the sellers towards your offers.
23 May 2015 | 20 replies
Account Closed you have set these up in a most precarious manner... and I know gurus and others talk about doing these deals this way.you buy owner finance or sub too... then you resell owner carry on a wrap.. and the thought is you make the delta between the underlying mortgage that you have and the new buyer..But these are really just sub prime deals that are destine to default.. it would be one thing if you owned them free and clear ... but you don't so what's happening is your obligated to pay on the first lender .. while your wrap payee is defaulting.. thereby putting you in a very negative cash flow situation.. and on top of that you have to pay the 2k or so to foreclose to get the asset back and will probably have a damaged house.while this sounds great on paper.. the defaults are constant and at the end of the day many lose a lot of money and the people you bought from the original owners either sub too or owner carry are really at jeopardy.. as you will soon find this very costly...
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21 June 2016 | 15 replies
I am constantly looking for deals and trying to negotiate ways to make them happen.
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22 May 2015 | 9 replies
The benefit for me is I might be cultivating a friendship or a Joint Venture partner as a result of my offer, and I don't think there is a down side to either of us if you join me.
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22 May 2015 | 10 replies
Finally, find time in your busy schedule to educate yourself on the market - this is a lifestyle choice which needs constant attention.
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22 February 2020 | 18 replies
@Kevin M Finley but as a point of reference, those originations are constantly costing you money.
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26 January 2021 | 99 replies
Although it doesn't generate 2% rent like other areas of the country, Fredericksburg area offers a strong buyer pool as people in government and defense industry constantly moving in and out of the area.
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7 January 2016 | 8 replies
I think the best approach on this is a private money joint lenders.
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21 May 2015 | 14 replies
This would cause the Block joints to seperate and shift . also at top of blocks the Sill looks rotted and worn out middle picture : shows more Footing damage and Block seperation .
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13 December 2015 | 9 replies
Keep in constant contact with the other agent.