Hi, I need some guidance with a refinance question. If I sell a property on a land contract and I want to get cash out of the property. Is it still possible to refinance, let say 70% of the property?
Investment Info:
Single-family residence buy & hold investment in Lake Worth.
Purchase price: $112,000
This property I was able to buy below the initial appraisal. We did very moderate rehab; landsca...
As I'm considering to structure a note deal on this pre-forclosure lead that just came in, I need some advice on making the best move. When it comes to the best structure that will also be the most profitable(its abil...
Hello,
I am purchasing my first deal and the closing is on Friday. I am buying the property from a person who was losing it for not paying his taxes. I offered him that he would net $4500 and I would pay all ...
I posted the other day about renting out my primary residence. I've been reading through the forums and thought that selling the house on a land contract might be an idea to consider. I don't know very much about land...
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...
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) ...
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...
Hello all,Question about owner/seller financing, here the situation:My grandparents who live in California (about age 75-80) are trying to sell my great-grandmother's house in rural Pennsylvania (about 100 miles east ...
What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files...