Obviously with the high profit potentials with this deal, many details will have to be covered with investors and lenders in order to have everything nailed down prior to pulling the trigger.

This past summer BoCo made him redo the whole driveway to add one parking spot in order to renew his STR license, which cost $8k and ended up triggering the whole Site Plan Review process which was a major can of worms involving an architect to recreate the original house plans because the county didn’t have them on file from the original building permit in the 50’s.

So the seller is willing to accept an owner financed offer on that $70,000 now how would you deal with existing mortgage of $80,000 because with the seller transferring the title and deed over to you wouldn’t that trigger the due on sale clause?

I'd hold off on looping in an agent until you've done all the above, as they're not making a ton selling under-market reno candidate houses, so you want to be respectful of their time by not asking for a lot before you're prepared to pull the trigger in earnest.Good luck, and hope this helps!

I've always thought the section of Broadway close to Baxter (south of NuLu) is ripe for redevelopment and came close to pulling the trigger on a large building there a couple years ago.  

Hi, I have a lot of owners in my area that are interested in selling their property, but as you can imagine, the potential hit of taxes tends to deter them from pulling the trigger.

@Danté Belmonte FNMA allows you to transfer your property into an LLC without triggering due on sale clause.

The biggest triggers are items outside of the normal.

I would say after tons of researching, analysis, the one thing that made me pull the trigger was my mastermind group that BP put me with after purchasing the 30 days of intention journal.

I would say after tons of researching, analysis, the one thing that made me pull the trigger was my mastermind group that BP put me with.