So, some of my other posts show I bought a few units from a guy that offered owner finance. His SFH are all in a land trust and the way the attorney wrote the note is we are both beneficial interests of the trust (not...
I don't know if anyone can help but i have a question, hopefully someone can answer. First off, i live in Florida and my rental property is in OH. My trust was created and follow the rules of FL, if that makes any dif...
Hello BP fam, I'm in need of some guidance. This is my first time looking into a owner finance and I'm trying to figure out if it's a smart move and what else it would entail to ensure a good deal...
A neighbor acr...
We're considering selling a property Subject to (S2) -- meaning the buyer would pay closing costs and a downpayment, we keep the mortgage in our name, and the buyer would make the mortgage payments and monthly payment...
I'm interested in marketing for motivated sellers in pre-foreclosure. I'd be interested in paying any back payments and taking over the existing mortgage using a land trust as long as it'd be a win win situation. Is t...
I'm trying to close my first subject-to deal and my title company is unfamiliar with the process. Being that it's my first one I'm not exactly sure how to explain it to them either. My understanding is that the proper...
Is anyone familiar with the investment strategy of acquiring a property through a Trust to take over payments from a seller and maintain their interest rate and lender (typically due a financially distressed situation...
We are purchasing our first rental property. I duplex on a FHA. With that said the loan is under my name but I do have an LLC. What is the best and most efficient way to collect rent? Should I accept it to my name or ...
Any thougths are appreciated. Here is the background:
Background:
I met a General contractor a few years ago through a local RE meetup in Charlotte NC area. I have seen his work onsite and He is very good at what he...
I found a house that is being sold on owner finance. The numbers work, with about $300 a month cash flow using the 50% rule and 2% rule.
Question is, what are the pitfalls of buying on owner financing? What...