Nicholas Wever
Seller Financing to Traditional Financing Question
Hi All,I have a simple, but silly question... I closed on 2 properties this past years. Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition fro...
Bobby Njoo
Opinion on a possible "subject to" deal. Good deal or bad deal?
Hello BP Family,I need ideas of how to approach this opportunity. Initially, I see it as a bad deal. However, I started to wonder how I can turn it into a good deal. The seller is my coworker, who has been mismanaging...
Micki Yara
Purchase agreement terminology
I want to purchase a lump of rental properties (they are tied together in seller's mortgage, etc...). I want to make a contract to pay the existing mortgage off and then seller finance the rest of the balance. Because...
Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Alejandro F.
Home with past due bills for water, sewer and waste - Options?
Hi all! Looking to understand options in a situation such as this one. In the City of Tampa, if a property is being sold and the tenant has failed to pay their water bills, does the seller have to pay the amount owed ...
Justin Kliphouse
Newbie deal structure
Hello to all. I just wanted to get your guys opinion on how and best way to structure my 1st deal. So a little about me I currently have 1 rental property that has a cash flow around 550 dollars a month approx equity ...
Chris McDaniel
Contract for zero net sum to seller?
Hi all, question: I have a seller that just wants out from under his 10 year old loan, he wants no money in his pocket, he just wants the darn thing gone. How would I structure a contract that results in a zero net su...
Brandy Stewart
HECM, Short Sale, Heir Purchase
My husband and I are new to real estate investing and we still have a lot to learn. I am trying to decide if we should give this up, and wanted to get y'all's advice/feedback. His grandmother passed away a couple mont...
Mel Rosario
How to protect yourself when free and clear
Hi all,I’m in that phase where I want to start paying off my properties and live off the rent. Most properties are in California. When I fully pay off the properties, I may be free and clear but piece of mind? wha...
Mark Malevskis
Seller Credit at Closing?
Hello, Has anyone had experience doing a fannie or freddie small balance loan and having the bank allow seller credit at closing for repairs?I've negotiated about 3% of the purchase price as credit back at closing, ho...