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Hello Everyone, i have read many posts on bigger pockets and i know there are other posts regarding similar situations however mine is slightly different and i would like specific guidance for my current situation. i...
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...
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This is about my residence in Ottawa. Recently, we found two leakages in my house due to poor roof condition, though the roof is installed in 2012. There is enough evidence that the leakages existed before the transac...
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So, I was under contract for just over 2-months and almost $1,400 in expenses paid out for this property. Prior to setting up the contract, seller said he had no knowledge of the existence of an oil tank. According to...
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The title is short but may not reflect the entire transaction.Seller was approached by "buyers". After believing all the "buyers" representations were not true, seller defaulted on a contract which he signed. "Buyer" ...
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Hello, I am new to this and want to buy a duplex using seller financing. What do the terms of this usually look like, what would a good structure look like and how much down payment could I expect? Thank you.
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Selling @ $500k
Lender providing $490k
Can the remaining $10k be carried by seller?
If so, should it be a separate contract? Should it be outside of current escrow? Should the $10k loan be a lien on the house?
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My duplex will be paid off in two years. Current tenets are potential buyers. I want to pull some cash out of the sale. If sales price is 400k and I want 75k cash but tenets only can provide 15k, what are my options? ...
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I'm using an FHA loan to acquire a duplex. I'm a few days from closing and when the title company sent out the settlement sheet with the security deposits and prorated rents as a credit to me from the seller my bank w...
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Does anyone have experience in Subject To / Seller Financing in NYC? I own a condo I'm looking to sell creatively, as the underlying debt terms are very attractive ( 3.625% 30 Year fixed ). I'm not confident in listin...