Dion DePaoli
The Pain $ of Not Knowing - Contract For Deeds
I thought it would interesting to share some recent experience we have had with some of these instruments. To that extent, an illustration of the pain that can come with working with an instrument that is not the...
Dale Overbay
Should I do a wrap? Advice needed.
I've done some research on wraps and I've got a couple of questions. I'll try to keep this concise, so here are the facts:
I purchased a 4-plex a year and a half ago. I got the owner to carry at 7% for 2...
Account Closed
Subject To Deal Question
I don't have any experience with this type of transaction. I have a potential deal where the seller wants me to take over his mortgage. He has two properties on the same mortgage. My question is would you have a ty...
Justen Ashcraft
Occupancy question
purchased a triplex with the intent of living in a unit for a year and then renting out all 3 units. When I finished my closing
There is an attached rider ( 1-4 Family Rider, assignment of rents) to the dee...
Beau Daane
Best way to structure investor network (LLC or Promissory Notes?)
Have had some experience with rentals - up to four units (doors). I have some close friends who are interested in investing in real estate with me - what is the best way to structure a potential partnership like this...
Paul Murch
Who records?
Just bought a note from a company online. Who records the new lien holder with the county? Me, or the seller?-Paul
Mark Scarola
Workouts Without the Original Mortgage
Hi. I just recently purchased a small note pool and the collateral file on one particular note appears to be missing a few things. Specifically it's missing:
The original note. There is a recorded copy, but ...
Bob Malecki
Should my Contract For Deed include a promissory note?
I'm selling a property in S. Carolina via Contract For Deed (CFD). I have a good contract to use but one of my peers say that I should also have the buyer sign a promissory note as well. This makes sense to me, does a...
KK A.
House Hacking Rules
My husband and I are currently looking into purchasing a Triplex to house hack. We currently live in an apt with a lease ending in May. The units in the Triplex are all also currently rented out through next summer (M...
Tom Gimer
The Due on Sale clause (DOS)
This issue gets mentioned a lot on this site.Here is the "standard" DOS clause :------18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, “Interest in the Property” means a...