How to Owner Finance a Home – 8 Steps to Think About1.Get an appraisal or broker’s price opinion from a Realtor (BPO) to determine the price of the home. Both the buyer and the seller can hire their own appraiser or R...
We have some performing loans in the portfolio and have been contacted by a two of our borrowers (so far) who are currently out of work due to COVID-19 lock downs. They are asking about skipping payments until they c...
Does anyone have experience purchasing notes from a bank? I have a situation where the homeowner would like to stay in their home. My thought was for an investor to purchase the note then re-write the note at a paymen...
What happens to notes held by banks that were closed by the FDIC. If mortgage payments are still to be paid to the closed bank, what happens to the payments?
Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.
Is there an obligation for providing this? Should I be sending quarterly...
I recently started a forum topic about getting advice on starting out.http://www.biggerpockets.com/forums/12/topics/2066...You can find that post here.As I was reading some responses, i was wondering if this strategy ...
Situation: I have 4 properties under a commercial loan at a local bank in KC. I'm unable to have myself or anyone collect rent as I work abroad. I'm going to be instructing my tenants they'll need to deposit the rent ...
Hi, lets say hypothetically, you have done well in the flipping and/or renting business and you have a few million saved up. I'm sure it gets to a point where your flipping/renting business won't be a efficient busin...
How do you negotiate when paying full cash for a $400k SFH ?any thumb rule(s) on how much to bargain for ?
Hello All-First Time poster. After 10 years in the Loan Servicing world analyzing Short Sales, FCs, BKs and REOs for Fortune 500 companies, I decided it was time to try to make the move to Real Estate Investor and tr...