Scott Bastarache
Sub2 vs. L/O
16 March 2009 | 4 replies
I thought i'd add a couple of things:Sub2 is the best way to BUY, dont sell that way.Land Contract - Installment Sale - Agreement for Deed is a great way to buy, dont sell that way, and dont do it in TX.Seller Carry Back - Wrap - AITD is a great way to buy, dont sell that way.There is No Due on Sale Clause jail.
Matthew Green
Good Idea: R.E License???
18 March 2009 | 30 replies
That can certainly be one of the benefits.Also, good PMs don't grow on trees and as they get bigger they tend to get lazy and cherry pick, which gives someone new and hungry an advantage.But understand, I wasn't managing 'Executive Rentals', but places where the guy I hired to mow the lawn felt he needed to carry a pistol.The easy 'niches' are already taken, but there's always room where no one else wants to go.
Anne Morris
Any advise on how to be proactive?
22 April 2009 | 22 replies
If you're just a little underwater after all the costs, ask your lender(s) if they will carry a loan for the difference.
Jesse Ramirez
How would you make this deal work with no money down?
9 July 2009 | 10 replies
The owner wants 30,000 down.I was going to ask him to pull a new first for 50,000 and carry a 2nd for 50,000.
Steve Brown
Is this a good flip??
6 April 2009 | 3 replies
Recent comps show that the homes in that area carry a weight at about 117 to 145K .
Joe Shively
Seller 2nd's
9 April 2009 | 4 replies
I'm buying a property that the seller is carrying the 20% down.
Timothy Johnson
Make your money going in?
5 November 2009 | 21 replies
You can buy a property with negative cash flow, I wouldn't recommend it, but you will have a hard time carrying 2 or 3 of these.
Donna M.
re: My first duplex- any suggestions?
14 April 2009 | 19 replies
My first duplex dealThe previous owner purchased this duplex in 2005 for $25,000 then sold it and carried the note.
Tim B
Getting around the 90 day seasoning rule
9 December 2010 | 52 replies
Getting around this issue is not possible (as far as I know) so you must use other means - conventional buyers only, all cash buyers, local banks carrying their own paper, etc.Unless the rule changes or someone can post a real alternative to actually circumvent this BS rule, the answer remains - we can't.
Matthew Gil
Pricing Income Properties for Sale
19 April 2009 | 5 replies
Obviously, kicking out your tenant or at least having the availability to will/can increase your carrying cost and will decrease the appeal to an investor, but it greatly improves the appeal to a homeowner.