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24 August 2006 | 10 replies
Seller pays closing cost and depending on the time of year (like this time of year), I might be able to walk away with some cash on the transaction.
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28 April 2022 | 7 replies
This transaction is identical to the first one with the exception that it started off as part of a 1031 exchange, and because the property that was converted to his/her primary residence was originally acquired as replacement property in a prior 1031 exchange the investor must own it for at least five (5) years before he/she can sell and take advantage of the 121 exclusion.
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12 September 2006 | 11 replies
There's products available for good credit whereby one can qualify for the completed value of a project.
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22 August 2006 | 2 replies
Most people come in at 5-10 percent below asking, depending on the product and how fast it would move on the market.
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9 August 2006 | 1 reply
The commission is part of the listing agreement and if you are unrepresented in the transaction the listing agent gets the entire agreed upon amount because they are also doing the buyers agents job.
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7 September 2006 | 18 replies
your objectives or goals to maximize subprime financing should be to maybe hold the property for 1 - 2 years, (You may have to eat a 1 o 2 year prepay but it will lower the rate from a loan with a zero prepay,)while you build your credit back to an a-rating, then refi your cash out for more investment projects. theirs tons of new products, on the market that fit your particular scenario, such as the option arms, option arms give you the luxury of choosing/paying your mortgage 4 different ways each month.. 30yr P&I, 15yr P&I, Interest only, or whats called Neg am(Negative-ammoritization)the neg am, could allow you to get into a million dollar home for like $3k a month, they have 1% start rates.. these loans are really good for short term properties, like a year or 2.. especially if the property is in a desirable market..
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4 October 2006 | 10 replies
Most are happy to do this if they have someone but I found zero response or interest at 3% because they'd rather do one transaction at 6% than mess with FSBO's at 3%.
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28 August 2006 | 7 replies
There's enough money to pay all costs involved in the transaction with plenty left over.
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22 March 2011 | 22 replies
She owns this free and clear and is N.O.O and has always been that way. do you folks see any issues proceeding with a seller financed transaction?