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Theoretical deal:
3/2 in South Carolina
I purchase this property, rehab, and resale with contract for Deed. Buyer puts down 5k and sign contract for deed of 65k. Comps support value of 70k. Nice working class neigh...
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I have a seller willing to do seller financing. I let him know that if any time I miss a payment on his mortgage, he would have the right to take the house back, along with all of the equity I've paid down while I'...
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I need some advise here,I have a person that contacted me about selling their house. It is a mobile home that has been converted to real property and has been renovated. The seller is asking $165,000 for it and has a ...
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I purchased a property land installment contract 10 years ago and the deed was recorded in my name but the prior owner's name is still on the mortgage. Currently they have the insurance in their name but in the event ...
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I'm tweaking our owner finance program our company has been using as a way to find good folks but currrently have bad credit. We've found selling when you say "owner financing, wrecked credit is ok" has many advantag...
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Hello BPWe are searching for an investor friendly mortgage broker in the Tampa area. Preferably someone that can help us secure conventional and portfolio loans.We need someone that can help us execute our short term ...
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In December 2019, I had posted an article outlining 8 separate deals I put under contract (totaling over $1M in real estate) in 12 months. Here’s that original article here--From 2 to 18 Units ($1M+ in Real Estate) ...
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Has anyone ever done a contract for deed as the second mortgage. I didn't think this is possible. I have someone who would like to borrow 5k to fund a light rehab on a house (tenant trashed the place upon evictio...
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Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Let's say a seller is going to be taxed on 100K capital gains.Would it be advantageous for them to accept a lower price (40K lower)and carry the note? Say over 20 years they would make an additional 130K on principal/...