Could anyone tell me the steps in setting up owner financing? What are the steps that are needed to set up an agreement between a buyer and owners? Legal documents , terms, etc...Thanks
I contacted an attorney a little over a month ago to draw up a promissory note and a mortgage that I could use for a private money loan between my lender and I.Initially, he requested a $400 retainer to begin work on ...
I'm exploring the possibilities of being an HML (starting off on a smaller scale), and I have a few "newbie" questions for those who've done it for a while. --Is it possible to start off by lending smaller amounts, l...
Hello,
I've read a lot about going into a partnership with a friend. This friend is and has always been a business minded fellow. For 2 years we talked, built business plans, and have always tried to find something t...
Hi, Everyone.
My name is Giovanni, I've been on BP for a while learning and listening to everything I can. At this point I decided to try my luck with the RichDadCoaching program. I learned a great deal so far, being...
Any thougths are appreciated. Here is the background:
Background:
I met a General contractor a few years ago through a local RE meetup in Charlotte NC area. I have seen his work onsite and He is very good at what he...
Hello:I have land located in North Concord. A huge trac development has been built all around my acreage. Probably could build 35 homes on 9000 sq ft lots. Any info on the best way to get land developed and homes b...
I am a real estate agent in Virginia and I am looking to wholesale deals. Can anyone point me in the right direction and possibly some guidance on how to go through this contract with a seller?
let's say I come to an agreement with the seller for them to finance some of the deal. let's also pretend the seller owns it with no debt, and we agree to 5% down, 5% rate, and 10 year balloon. how are we drafting thi...
Hello,
I live in California, and bought my first investment property (SFH) in Peoria, AZ. Looking for guidance from the powerhouse of knowledge that this community is. Trying to educate myself on all the rules that ...