Maria Matthew
Approaching seller offering "assumable loan"?!
Hello all, newbie investor here looking to get my second property and would LOVE your advice! I saw a listing and in the description the sellers are offering an assumable loan, and I would love to know the best way to...
Martin Cozzi
Seller financing, deal analysis.
Hi,My neighbor is, unfortunately, getting too old to maintain his property, and has decided to move 5 miles away to a new house that requires less maintenance (no trees on the new property). Here is what I know about ...
Chris Seveney
Recording Modifications in Georgia
The note space is truly challenging because of the state by state laws and issues. This is one reason it’s important to really understand the stateIn Georgia it is strongly recommended a modification gets recorded as ...
Account Closed
Looking at refinancing my first rental
My wife and I used the HELOC in our Oregon home to buy a small rental home in Belton Texas, we bought it on May 21st and its fully renovated and rented. We bought it for 135k and put about 12k into remodeling. Our cur...
Miguel M.
How are liens handled after a bankrupcy sale?
I've been looking at Chapter 7 and 11 bankruptcies. In the motion to sell documents it usually states the property is "subject to all liens and encumbrances, if any" and then usually follows a list of the liens in the...
Brian Jenkins
Broker, Appraiser, Investor
Hello Everyone. I have been a residential real estate appraiser in the state of Mississippi since being licensed in 2004. I became a real estate agent a few years after becoming an appraiser. This year I decided to ob...
Account Closed
Transfer from personal name to LLC then sell via owner financing
I was wondering if this was a viable strategy to generate consistent income and quickly add income history to a newly formed LLC in order to qualify for line of credit (or getting approved for a conventional mortgage)...
Dan Smith
Buying a property using a land contract.
I hope to buy a property using a land contract. The property is worth approximately $100,000 and the terms are 240 payments (over 20 yrs-no interest) to the seller with option to pay the balance off at any time. I...
Alex Schar
Is seller financing a good Idea?
I initially wanted to house hack a multifamily property on an FHA loan for my first deal, but I came across a duplex that has one half already renovated and the other half with lots of cosmetic issues. The seller will...
Philip Carallo
Help: No Money Down Short Sale Profits??
Hello all! I'm brand new to Bigger Pockets and this is my first forum question. I'll get right into it.In 2014 my dad passed away, leaving a house with an outstanding balance on the mortgage. In 1999 it was purchased ...