I am looking to purchase residential properties in South-East Florida where the vendor will take back a mortgage for at least 70% of the value. My main motivation is the ROI: My target is to get more than 20% net-of...
Hello fellow Canadian investors. I’m trying to structure a vendor take back mortgage. I’m guessing there must be differences in the terms in Canada vs USA. I am planning on 20% down , then a fixed payment based on ...
What is VTB? Does it trigger due on sale? Does the home have to be “free and clear” to do this? Will the bank allow this if there is a mortgage already on the home? Asking from a buyers perspective
Heard this on NPR last night and hadn't seen it discussed here yet. Banks are not bidding in the foreclosure sales and that means the foreclosure is not complete and that the owner is still responsible for it legally...
Hi Everyone,I’m planning to purchase a duplex through a private sale from a very good family friend. The seller and I have already discussed the terms which is basically a lump sum down payment plus monthly payments ...
Hello all,A tenant didn't pay rent, stopped answering all contact, and we are in month 5 of the 12 month lease. I went to place the 3 day pay rent/vacate letter on the door and I could see through the windows that th...
So very new to investing and really still trying to educate myself. So as I was running in the neighborhood the other day I saw a house that looked abandoned. I looked it up on the county clerks website and was look...
My partner and I came across a great property the other day however, we're tapped out capital wise. We thought Vendor Take Back might be a good way to be able to move forward on the property, however, we were told tha...
Good evening fellow investors. I have what may be a rather unusual request, as I am looking for recommendations for cities or neighborhoods to move to on the North Side of Chicago. I am a real estate investors at he...
I'm exploring a creative financing technique where the Seller raises the agreed-upon $60,000. sales price of the property by my $15,000. estimate of repairs. That will qualify me for a bridge loan with a 75,000. minim...