Jeff Fairchild
Buying subject to then selling on land contract
Ok, so what are the pitfalls to buying a property subject to and then offering owner financing and reselling it right away for a higher price and higher interest rate? Ex.
I have one now w/ $127,000 mortgage, $759/m...
Diana Borova
Terms of private / hard money lenders
Hi everyone! This is my first post. I am getting started in the game of flipping as well as buy and hold properties and wanted a better understanding of how private/ hard money lenders work. When paying back the loan....
Hank Parater
Subject 2.. MD
Hello BP Nation! Need some guidance on a sub 2 deal..I've been negotiating a deal to take over payments from seller. They are getting a divorce and just want out. They bought the house 2 years ago and have already don...
Glen Dall
Private Lending Contract
I've been approached by a friend who's interested in participating in our REI venture by private lending to us. Does anyone out there have any contract forms they could share with me? Thanks!
Darrick Richardson
Selling my personal home on Sub2
Hi folks, before I knew anything about REI I bought a brand new home 1 year ago. there is very little equity and the payment is manageable but leaves me not a lot for saving and investing.
I am thinking of selling...
Angel Clark
Joint tenancy or tenancy in common?
About to close on residential home we plan on living in. Bought with my family’s assistance for down payment. My significant other (SO) and I are not legally married and we file taxes separately and overall have our f...
Victor Umeh
Things to lookout for in a Subject 2 Deal?
Hey BP Family,I am an investor in the Augusta, GA area with 1 property currently. I'm looking to purchase another property and have come across a Subject 2 opportunity to take over the remaining loan balance from a Wh...
Scott Nipp
About to FSBO with owner finance our current home...
After 10 years in our current home we have simply outgrown it and are moving up. This is a perfect opportunity to "obtain" our first investment property and as such we intend to sell our current home with owner finan...
Ali Hashemi
Setting up Business Entities
Looking for a little help because I'm getting conflicting information. I set up an LLC in my name but not tied to my SSN. I filed for an EIN (I should have had a registered agent set it up correct?)I had my attorney s...
Marcus Griffin
Subto loan modification help
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...