and this was a brand new LLC. :-)

Sounds like K.Marie was spot on again in your situation that you're brand new to this and didn't understand the risk associated it with and what steps you have to take when the buyer defaults on your loan.

Located in historical district of Cedar Rapids surrounded by mostly commercial property and a brand new medical facility.Bank is lending 177,600 and I am having the seller carry a 2nd of 17,400 amortized over 20years @ 5% with a 5 year baloon.

==============================i'm worried about it being a quit claim deed and i buy it and end up with nothing as other liens may be on it but they are offering me optional title insurance so that may not be an issue where i buy it and other liens are on it.also that it is occupied i don't know if that would be a deal breaker or if i could just get them evicted if they do not want to pay rent or leave voluntarilyadvise/thoughts please of this home on auction.com or the 4 BR and section 8Thanks

I did rough and finish framing for brand new custom homes.

I made my first real estate purchase in 2011 of a brand new single family detached and have been pretty fortunate thus far.

I live in Summit, NJ and am brand new at Real Estate investing.

I am brand new here and really excited to have found this.

It cures in 10 minutes and its a super fast process.If you do decide to get a new concrete section poured in place, keep in mind brand new concrete will look much different than the surrounding aged concrete.

I'm brand new to investing, and I'm going to be a buy-and-hold passive income-stream kind of investor (am not going to be quitting my day job any time soon, but sure would love to retire someday).