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I need your help on thinking through strategies to acquire a property via seller financing that still has a conventional mortgage on it. I've heard of wrap-around loans and situations where you take over someone's pay...
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Trying to move back to Jacksonville from LA. I was in escrow on a townhouse, with the plan of living in it for a year before turning it into my first rental. I have good credit and good income, but I couldn't close ...
It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger ...
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Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...
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HelloI am looking forward to buy a property and in the closing status. I am self employed and the income reported on the taxes does not allow me to qualify for a conventional financing. I am pursuing "bank statement l...
In late August, one of my lease option TBs finally got off his ... and got his FHA loan approved. Option price was $97k with a $3k option fee leaving the amount financed at $94k. In the last 6 months 3 comps in the ne...
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Hello Bigger Pockets community! This is my very first post in the forums and my first day as a Pro member so figured what better time than now to post. A quick rundown of my situation/options: My fiancé and I are curr...
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Okay, if I do a Master lease agreement with option, I should get an equitable deed correct? If so, does this give me rights to refinance after lease is up or just rights to wholesale the option for the purchase price?...
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My partner and I just bought our 5th SFR since starting here in 2011. We purchased it from a bank for 42000 intending to rent it at 800/mo which is very much possible based on our other homes. We put 5000 into re...
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Would like to have some recommendation on the rent-to-own contracts: from your experience, is it a good strategy to implement now? Any sharing experience, things to be careful about in the contract?