I am looking at a property that would be a good candidate for purchasing by taking over the payments on an existing note/deed of trust. While I understand how the process works, I have never done this type of transac...
Long story short my mother has worked as a hair dresser for 36 yrs and its time to retire. Social security is a joke but we have one card to play. Based in NY her primary residence of 40 years has appreciated exponent...
Would it be easier to get a loan on a house that you own, or to get financing to buy others shares. The house is part of an estate and I know insurance says replacement value is $85,000.00. My older brother is executo...
Hey BP! I have an interesting scenario I wanted to run by the forums, as I'm sure some of you have dealt with it before. I plan on consulting with legal professionals about this, but wanted to throw it out there in ...
Hey there! I see a lot of seller-financed properties as I'm practicing running numbers on properties listed on craigslist & other similar sites. I suspect that many of these homes are not owned outright.Is it comm...
Hi BP,I'm working out an owner finance deal and I'm curious what would happen if the seller passes away while our agreement is still in place. Would I just start making payments to the heirs of their estate?
Land Trust Assumable Loan?
So perusing things, I cam across this gem:
Making Loans “Assumable”. A non-assumable loan can become effectively assumed by using a land trust. The seller transfers title into a land trust...
Ok bit of a complex one here for me. I am listed in a trust as a beneficiary of a house with rental potential. I only have a 1/3 right to it. I would like to evaluate it but I’m having some trouble.Current zestimate 3...
My brother and I are investors in Illinois looking to purchase a multi family with one of the occupants being our parents. Since they will be living there, could they buy the property and put it in an Illinois land ...
I have a potential tenant just starting college who we showed a unit to yesterday. Her father was at the showing with her and he is the manager of her trust fund, which will be used to pay the rent while she’s in scho...