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9 July 2024 | 6 replies
Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .
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5 July 2024 | 4 replies
Should I still protest property taxes and use the lower taxes it as an added "benefit" to the new buyer?
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8 July 2024 | 4 replies
Anyone in SOCAL familiar with how to write that off on our taxes?
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9 July 2024 | 6 replies
They also offer potential partnership and more efficient systems than I can offer on Rehabs, management, etc...I love to work with investors, it is the folks that are never going to buy that want hours of advice for free that are the tough ones.
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8 July 2024 | 5 replies
@Marc Shin Beware of the ever increasing property taxes in the North Texas markets.
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8 July 2024 | 8 replies
Feel free to reach out if you have any other questions.
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9 July 2024 | 2 replies
If you have any questions or need further clarification, feel free to ask!
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9 July 2024 | 12 replies
I used to run it directly from erent payment, but they got acquired by RentRedi which I now use (it's a free perk with a BP Pro membership).
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8 July 2024 | 35 replies
Chances are, you will never get out of it what you have put into it (gas, maintenance, taxes, etc.)
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9 July 2024 | 22 replies
Feel free to reach-out, I would be happy to chat with you.