Bill Jones
Creative Financing In a Nutshell
2 January 2014 | 18 replies
The act of the transfer is a breach of contract and only cause for the loan to be acceleratedI suggest you not even get into Contract For Deeds, that will just blown off this site.I'll be discussing basic approaches for buying real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareBill Gulley againCFD's are rather dead as there are recent issues with circumventing foreclosure laws and rights of redemption by filing a deed in lieu of foreclosure upon default.
Randy King
Title Insurance on a cash HUD deal?
20 December 2013 | 15 replies
Its no different than making sure the house is properly insured during the rehab period.
Adrian Rice
Bulk REO's
18 February 2014 | 8 replies
On the other hand, the bulk REO/Note business can also be quite profitable if the proper relationships are secured with direct sellers.
Michael G.
BPers in Philadelphia : Anyone know NRIA : National Realty Investment Advisors LLC - NY/NJ/ Philadelphia Area ?
7 February 2020 | 109 replies
ReyThanks for responding.You appear to be selling what can only be considered 'real estate' or an 'investment' or probably more accurately a combination of the two.Why not procure the proper registrations for your firm, either as an investment broker/dealer or as real-estate broker, or both?
Zoran M.
Everything falling into place for 1st flip, but I'm nervous!
24 December 2013 | 9 replies
The only input I'd have is to make sure that your contractor doing the foundation work is properly bonded.
Charlie Hampton
Update on my squatter...
14 November 2015 | 144 replies
No one is entitled to inhabit a shed, especially one without proper electrical and plumbing.
Kevin R.
Lease Question
19 December 2013 | 1 reply
Tenant will not remove nor plant exterior bushes or plants without the written consent of Landlord and the proper execution of a Tenant Remodel Addendum.
James Madison
cash bought Primary residence to rental; capital gains and costs
27 December 2013 | 11 replies
Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition.Adaptation.
Chelsy C
How can I make sure the title has no cloud or having a clear title after closing a short sale on a property in California?
22 December 2013 | 5 replies
So if the trust paperwork has a flaw and it does not properly convey title into the trust from the two natural people (mom and daughter) then it needs to be certified which is a way the insurance company makes sure it is proper.
Aaron Mazzrillo
EPA & Lead Based Paint
23 December 2013 | 15 replies
It's pretty easy to do the proper paperwork, just get the brochures from a CD the EPA website makes available.