Shawn Krieger
seller to be in second position on a loan
Hey all,
Does anyone know of any lenders in the davenport area who allow the seller to be in second position on a loan for a rental property? To use as collateral for the down payment.
Matt Taschner
Seller behind on payments, looking for deal structure help
I have a seller that is currently behind on payments to the tune of $11,000. The mortgage owed is $170k, the property needs 30k in repairs and the ARV is $270k. I have the funds to get them caught up on late payment...
Michael Dumler
Seller Buydown Strategy: Who has successfully implemented this tactic?
Exactly as it sounds, the seller buydown strategy is a seller's concession that reduces the buyer's mortgage interest rate, either for the duration of the loan or just for the first few years (permanent buydown, 3/2/1...
Rob Harnden II
Seller Financing Forms (Note & Mortgage) IL - Where? How?
This Monday (November 12th, 2023) I am going to look at house with a seller who is willing to do owner financing. This is an off market deal. I plan to have the Illinois offer contract with me, filled out as much as p...
Logan M.
Seller Financing for the WIN on this 10-plex
Today is a big day for my project. We are racing to finish the cement work before the weather gets too cold and today we are finishing the flat work.This ground was purchased with nothing down at 0% interest for 24 mo...
Pam Krull
Anyone have feedback on buying seller leads from FastHomeOffer?
On a recent podcast a well known RE guru interviewed two of his students and posed the question, "Where are you getting the majority of your leads?" The response was, "Fast Home Offer". I spoke with a FastHomeOffer.co...
Paul Zofsak
HUD1 statement in wholesale deal has blank seller side
I have bought several properties in the past but my most recent was my first using a wholesaler. When I received the HUD 1 statement the seller side was completely blank so I have no idea whether or not the credit fo...
Hector Duran
Seller calls you after marketing ,' we buy houses cash'.
It's all fun and games when starting your direct mail campaign and ads, but how would a conversation go when a seller actually reaches out to you? What questions should you ask? Should you have a script? How should y...
Sam Gergley
Buying via seller financing hurt income to debt ratio?
Hello!If I purchase a home via seller financing will that effect my income to debt ratio when a bank goes to qualify me for another mortgage? My thought is that it might be advantageous to go the seller financing r...
Yocheved Beer
having the deposit go directly to seller before closing
Hi all,I was under contract for a house, and all was well untill the sellers lawyer said that the security deposit must be given to the seller and not held in an escrow account. My lawyer told me this is insane becaus...