I purchase homes subject to the existing mortgage. My primary market is Dallas and Houston. I have the homeowner complete a sales contract and notarize a special warranty deed on the initial appointment. This allows m...

Hi BP Pro Community, I'm interested in a property that has advertised seller financing. However, the seller is requiring 42% down, which is the pay-off the existing mortgage. I understand the seller doesn't want to tr...

Hey BPers, I have recently come across an opportunity to purchase 8 units (4 duplexes in one cul de sac) with seller financing.  The units have an existing mortgage on them, so I would be doing a wrap, which I know ha...

As I understand it you, the investor, have 2 options:  1) have the end buyer refinance, or 2) pay off the underlying note in full.For scenario 1, how much time does a bank give to pay off the note?  It will take typic...

Hi all! I'm looking to purchase my first rental property (second mortgage); However, on confirming with our bank, they do not consider future rental income from the property on their assessment. We currently have our ...

Is a foreclosure the highest statistic of closing an owner finance deal? If so where can I find a list for my area? Thanks!

Anyone in the DFW area buying houses regularly via a wrap around mortgage? I am looking at a potential opportunity (off market response to letter) where the seller would consider financing with his note in place for a...

Hey BP -
I'm looking for some guidance and advice when it comes to seeking out lenders who will accept a 10% down payment for a second home/vacation home where the loan amount happens to be greater than the maximum ...

I have a motivated seller in north Las Vegas with a 4 bdrm 2 bath. Decent area for north Vegas . Estimated value of $120,000 as is. Wants 100 k cash but I think he would go lower. Very motivated. Has a mortgage of $55...

Hello all,I have a unique situation that I am seeking advice for.  I will keep it short and to the point.A close friend of mine desires to sell his town home to me for his current mortgage balance (90k).  The home was...