Andre Brock
Transfer of title no contact of deed?
18 December 2024 | 7 replies
Hey Mike I wanted to know if I wanted to seel you my home with seller financing and I wanted to transfer title to you the buyer. unlike contract for deed WHAT is the instrument they use in Wisconsin.
Jennifer Turner
How to modify terms of a seller-financed mortgage?
29 December 2024 | 7 replies
In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork. you can do a loan modification, which an attorney can draft for you or the loan servicer you are using can also draft it for you and you can give them the terms to review the documents.Also make sure to check with the requirements as in some states the loan modification will also need to be recorded.Happy to chat offline about more info on how to do a loan mod, we do them all the time (it does not matter whether its seller financed or an agency loan)
Richard J. Kalnitz
Not really a new member but still a rookie having good luck with cheep old houses
28 December 2024 | 2 replies
I left that job to join Roche Tissue Diagnostics where I repair medical instrumentation across the Midwest.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
23 December 2024 | 9 replies
I think what you’re referring to is a checkbook IRA so you can bypass the custodian when performing transactions/investing and all assets/accounts will be held in the name of a special purpose LLC or Trust which is the instrument that gives you checkbook control.
Melanie Baldridge
A quick mini guide on Bonus Depreciation
10 December 2024 | 1 reply
Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.
Javier Molina
Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
12 December 2024 | 12 replies
If the WY LLC gets a loan there is a security instrument (deed of trust or mortgage) that needs to be signed and recorded.
Steve Baldwin
Who is going after Self Storage in the Midwest?
8 December 2024 | 19 replies
my SS deal is one of my participation deals were I provide the capital to the operator via a debt instrument then take a participation as part of the note agreement.
Rebecca Cho
Excited (and Nervous!) to Start Our Real Estate Investment Journey
19 December 2024 | 22 replies
This site has been instrumental in getting me from 0 properties to where I am today.
Devin James
Do you prioritize equity growth or cash flow in your investments?
29 December 2024 | 16 replies
Pair the deal with a cash flowing instrument like a tbill, mortgage note, or some other form of fixed income to help yield too.
Sam Epperson
What are the next steps after creating a seller finance note?
6 December 2024 | 3 replies
A smart seller will have note, deed of trust/mortgage/etc. prepared by a local real estate attorney (yes, he/she may work with/at the title company) and be sure the security instrument is properly recorded in the land records.