It was a trust sale and I was able to negotiate a $100K price reduction and a $25K credit because of the property condition and market timing with covid-19 How did you finance this deal?

@Connor Steck I wish I would have received more guidance from my trusted peers when I was planning for the future.

The owner died and passed it on in his trust.

You can obtain pricing now, or wait until you have a few more months seasoning – as only two payments have been made so far and that will come up in the evaluation.To receive a quote, a buyer will ask:Property addressProperty type Owner or Tenant occupiedProperty selling price and down paymentBorrower name(s)Copy of the note and mortgage/deed of trust (or contract if a CFD, land contract, etc)Closing statementWho's collecting payments (you or a licensed servicer, title company, etc)?

We are gearing up to purchase another property in the next year or two and are debating....do another one in the same area, as we already have cleaners/contractors/services that we trust?

If they understand who you are and what you want to do then getting your foot in the door will be easier.I would also encourage you to check out the BP posts about partnerships to leverage your investment capital and place the loans in another individual’s name (that you trust completely) to gain passive income.

Hi BP! I am compiling a list of preferred vendors around Olympia, WA  and I wanted to get some recommendations. Below are the vendors I am looking for. Please comment if you HIGHLY recommend them and would use them ag...

Hi BP! I am compiling a list of preferred vendors around Olympia, WA  and I wanted to get some recommendations. Below are the vendors I am looking for. Please comment if you HIGHLY recommend them and would use them ag...

I usually look on Yelp reviews (I don't trust Google reviews because they're much too easy to fake).

Legal owner can hold the property "in trust" for the beneficial owners.