Les Goss
Three Documents You Should Have When You Buy Notes
I just posted a new blog on this topic. I hope you find it useful...https://www.biggerpockets.com/blogs/7697/50523-thr...
Chris Seveney
States are starting to crack down on seller financing
Sharing some info from two sources this weekRegarding states looking to strengthen seller financing licensing requirements and court decisions for those not licensed:First from Facebook group school of sharks:Hey guys...
Kole Kingslien
Refinancing out of a Land Contract
Hi Everyone,I have a question about current deal I am working on. I am buying a property on Land Contract, and am buying it with equity. My plan is to buy the property on Land Contract, and then refinance out as soon ...
Sean Doherty
Rhode Island septic issue purchasing a multi family
HI everyone,
I'm going to tour a property tomorrow in Rhode Island. It's a 4 unit in a location that I like.
The issue is the property currently has a cess pool and needs a septic in order for the seller to actuall...
Ronnie Hall
Land Installment Contracts
Is anyone using land installment contracts in low income neighborhoods? I have the opportunity to buy properties REO, from the online auction platform, from a wholesaler. My initial plan was to set the terms in a la...
Kim Horn
Owner financing on unimproved land.
My husband and I have a parcel of bare, unimproved land in South Carolina for sale and a potential buyer is asking is we would consider owner financing. What are the benefits and potential downsides to this?
Ken Seveur
Refinancing a seller financed property
What's up BP fam. I've found a potential seller interested in seller financing (contract for deed) through a title company. It's a fully rehabbed EOG townhouse asking $65k. What I'n thinking to offer is $4k down and $...
Sean Morrisey
I got a $1M offer on a 16 unit building and I need to 1031...help
Received a $1M offer on a 16 unit building that I purchased back in March - leaving me with a nice profit.However, I am expecting 30% in short term capital gains between the state and federal and a prepayment penalty ...
Michael King
Multi-family exit strategies
Does anyone have a list of exit strategies that would work for multi-family properties in either a "lease option" deal or a "subject to" deal (subject to their existing financing)? Thanks, Mike
Philip Njapa
What is the difference between these seller financing terms?
Hello all,
What is the difference between these non-conforming loans: installment land contract, contract for a deed, and purchase money mortgage? From my understanding the purchase money mortgage is a mortgage, mea...