First, I am anticipating this scenario, it hasn't actually happened yet. I purchased a house 18 months ago with seller financing and theres a 24 month balloon. I have a buyer for the property now. Based on emails with...
I was wondering if anyone had any experience in financing a HUD home to an owner occupant? I offered to finance a HUD home to a friend/handyman who never thought he could afford a home/be a homeowner. We found a ho...
I have a lead where the owner of the property interested in an MLO. The property currently has a mortgage but, the mortgage has a balloon payment that will be due next year, it is not a good candidate for Sub-2 or wra...
Bought an all-brick 2700 sq ft triplex in South Lyon, Michigan on land contract this week. Not a home run, but a solid single with the chance to stretch it into a double if the area appreciates. Current rents are a ha...
The title of this thread is my whole message in this thread.Robert Allen said, "Everything you've ever wanted lies just outside your comfort zone."Dunno if you've ever noticed, but when you blow up a balloon and let t...
We're selling a few houses in Memphis, and we have interest (letter of intent), on one house that's requesting, "Seller Finance". They're offering a few thousand more than asking and will also pay agent fees. Our agen...
Bought a package of 5 condos off an off market seller (called one of my letters). Condos are in Westland Mi. Which is in the Livonia/Garden City/Redford/Canton area. About 20 min east of downtown Detroit.I would rate ...
Scenario:
An SDIRA owns a property.
The beneficiary of the IRA wants me to loan money to the IRA so that the property can be rehabbed.
My understanding is that the loan to the IRA has to be non-recourse.
My unders...
I hope I am posting in the correct location...
Is there anyone out there who could direct me to a few samples of Letter of Intents to purchase real estate notes.
This is something completely new to me, however ther...
Looking for insight on loans for 16+ unit apartment buildings in CA. What kind of loans are investors getting at the moment? 30 year, 15 year, balloon? Usually work with 1-4 unit properties so not sure what types of l...