Hello. I've been doing a ton of study on Sub2's recently and have a question. Does a Sub2 include a written agreement that if I the investor were to not make payments on the original loan, then the seller has the r...
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
Seller owes 150k on a 400k 3 unit.He’s interested in seller financing to defer capital gains.What creative financing option would make the most sense for he and I?Seller finance, sub to, wrap around etc. and why?
I looked at a duplex several months ago that seemed on paper to be a good buy. I was very interested but scared off when a knowledgeable friend of mine told me it likely had abestos on the kitchen floor (one side of d...
Hi! BP friends,I'm located in New York, Queens area. I'm first time home buyer. I met with a seller who is willing to do 'subject to' to sell his 1.7 million 4 family house but we both don't exactly know how does it w...
Any experience with these? Looks good on paper:- owner retains legal title to property -so protected against buyer's default-- buyer pays for property taxes, insurance and maintenance (kinda "triple-net'" on residenti...
Can anybody help me understand how to structure and use an interest only loan to acquire a potential free and clear seller finance deal. The seller is willing to take 5% over 10 years. I’m trying to negotiate him to ...
Anyone have recommendations for a back up cleaner and handyman on Peninsula? We are currently self managing and cleaning, but sometime we travel our of town and would love to have back ups if needed.
J. Martin
Than...
A SFH is different from a duplex, which is different from a triplex and 4plex, which are all totally different from 5+ units. But legally speaking, what makes something a "unit" in the view of the city planners as opp...
If anyone can help I would appreciate your input.
I personally sold a home to a young couple with kids who I thought just had a bad run of luck; little did I know I would be victim to them refusing to pay the mortgag...