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For Owner Carry-Back, what are the guidelines or rules/ regulations that should be followed?
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I found a property I am looking at. $1.5MM25% Down would be $375KIt was suggested to me to speak with the owners (who I know - they are personal friends) about Owner Carry for $250K.Does this mean A) The $250K is su...
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I have an interesting situation I need help with! I have a house I want to purchase, I've talked to the seller who just wants to get it off their hands. I suggested this- I pay them $1,000 per month for the home, and ...
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Do lenders view seller carry backs at the closing table as unethical?
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Need some advice here please. Property purchased via "Subject To" and a wrap mortgage for the loan balance. Found out property is much worse off than lead on to believe. Spoke with previous owner who is willing to tak...
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Just a question I had.
Lets say your find a 100k home. Seller agrees to carry 20k. Do you and the seller agree to the interest rate on that carry back financing? Also when you go to acquire the 80k from a bank, do ...
Hi,
Quick question, if the owner will carry all or part of the financing or sell the house subject to the current loan, as a wholesaler are you willing to offer more. From my understanding, a general guidline is to o...
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Anyone have an owner carry lease they would be willing to share? - Located in Kansas
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I have a seller who owns his home outright. He wants $190,000, $10,000 down, and we can get away with monthly payments of $900. (He is renting at a really low rate right now). He will carry for 2-3 years. If we get it...
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Hello Everyone,
I’m so glad that I have found this forum.Wanted to get some opinions and even network with some of you. I have a deal I’m working on two apartment complexes totaling 500 units. Current rents are 30 p...