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Seller financing--how is this done?
I am a newbie working on 2nd SFH deal, which will become a rental. I would like to put a request for seller financing in letter of intent to purchase, but don't really understand how it works. Who does the paperwork...
Hugh Hartwig
Arizona Short Sale
I am trying to help an absentee owner in Sierra Vista, AZ who is considering a short sale or foreclosure. They have about 0% equity and the rental market is very sluggish due to housing rules at the local military ba...
Grant Pope
0% Interest Vs Paying Interest - Tax Advice
Hello All!I am in the middle of making a purchase of a duplex in my area with some creative financing. I have run into a couple of questions and what better of a place to go for some real estate advice than BIGGER POC...
Mike Trzaska
Sell SFH to purchase new primary residence and income property
Hi All,I'm looking for a little feedback on a plan my wife and I have been mulling over. My wife and I purchased our current SFH in 2013, this was before i knew about bigger pockets or house-hacking or anything like t...
Roosevelt Thomas
Can the BRRRR strategy work with no money down?
Looking to buy my first rental property. I recently paid off all of debt and raised my credit score over 800. Unfortunately after paying all my debt, I no longer have cash for a deposit. Is there any way I can purchas...
Michael Hyun
Combining Non QM loan with seller financing to buy a rental
So I just heard that there is this financing option where I can combine Non-QM loan for 50% of the purchase price, and then seller finance the 40%, and then down payment for 10%.If I can get the 40% of seller financin...
David Hite
Buying Notes in Bankruptcy
Good morning everyone! I am reviewing a tape, and there are a handful of "performing" notes that are in active BK. the tape doesn't state if its a chapter 7, 13 or how far into the process they are. Over the last 6...
Jake Bourgraf
Land contract Seller Payback 80% if Buyer defaut
I just got off the phone with a seller who states that in a land contract, he would have to pay back up to 80% of payments to the buyer if the buyer defaults. Thus, he wants nothing to do with carrying the note. This ...
Christopher Pound
Recasting a mortgage loan - question on strategy
Hi everyone,New investor here, relatively new poster, longtime lurker, lover of all things RE. I have a question about recasting of a mortgage loan, for any of you financing experts out there.Acquired my first 2 renta...
Kimberly Schroeder
What to Look for in a PML
I have a BEAUTIFUL investment opportunity with a cash flowing, turnkey acquisition sitting on my plate with a DSCR loan available to me. My only problem is, I am just starting out and I do not have the cash to put dow...