20 March 2024 | 11 replies
Totally agree with the previous posters - start by checking the contract.
24 March 2024 | 25 replies
Be sure to check the fine print as some will charge a fee at closing.
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22 March 2024 | 8 replies
Direct lenders also have full control over their guidelines, meaning if something does not check all their boxes, they can make exceptions to close your deal.
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21 March 2024 | 6 replies
Tell them you will send them an application with background check, credit check, and eviction history.
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19 March 2024 | 2 replies
What's up BP?I have a few properties around Boston and one of them is a prime condo conversion candidate. Problem is I'm a die hard buy and hold investor so really only like to sell property when it can give me signif...
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22 March 2024 | 3 replies
This is a pretty weird question, I know, but I am curious.I get that you can do deals pretty much anywhere, and there are good deals all over the country, but I don't believe that the markets are equal in this regard.For example, if the seller has the ability to look at your credit as an investor (which throws out one of the sole purposes of doing a seller finance), versus states/markets that don't require that as much, I would like to know the states/markets where owners checking your credit history is not going to be prevalent in a deal, assuming the seller is willing to do this kind of deal with you.For context, yes, I am a new and aspiring investor, and due to certain circumstances, my credit is currently not the best, but I don't want that to stop me from investing in real estate (which is why I'm leaning to using seller financing).Please no answers saying that I should just raise my credit score and get an FHA/Conventional loan, because I am currently working on raising my credit, but I can't give a time on when my credit will be "back to normal" again, which could mean I could be stuck on not qualifying for a loan for the next couple of years (ain't nobody got time for that).Thanks for the help!
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22 March 2024 | 1 reply
Check out my BP profile and shoot me a DM and we can go from there.
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22 March 2024 | 19 replies
@Brandon Hall is a national cpa that works primarily with real estate investors check with him.
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20 March 2024 | 3 replies
I would recommend engaging a real estate attorney though there are good templates available including the standard Ohio REALTORS Purchase Contract.