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Hi All,I'm a first time home buyer and received a home loan approval with conditions this past weekend! I need advise how to do a letter of explanation explaining that I helped my parents refinance their house 9 years...
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This question might have been answered before but who actually owns the property in a "owner financing" deal? The seller or the buyer? I mean when the buyer is making the monthly payments to the seller on the owner...
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I have a seller who I've been working with for months. He wants to sell me his house, but he doesn't want to close for a year. He's very realistic on the value, and is pricing it at about a 15% discount due to the lon...
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I'm looking for advice/ideas on the best way to access the Equity we have built up in our portfolio. We have 5 small multi-family properties, all financed with traditional 30-year fixed rate loans locked in sub 4.75%...
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We have the resources to find lots of RE with large spreads, but not able to fund the Larger deals ourselves. We are in CA, what would be considered a fair distribution to the PI who is/are funding 100% deals. We are...
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Hi all, If I were to buy a note directly from the bank, Then how do I figure what to offer. Does the bank do a BPO? Or are they taking the value from the amount owed on the note. If the Value of the House is not near ...
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Invested in a stable value fund that maintains a stable net asset value for preservation of capital. Supposed to be safe but in talking with one of the advisers he informed me they had a large position in AIG before t...
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I just made an offer on a SFH in which I was overbid by another buyer. If I had bought it here are the numbers I would have had in it:
$92,000 down payment
$40,000 to add two bedrooms and two bathrooms
$132,000 tota...
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I have an end goal of creating an owner financed note. I know that there must be fix and flip or buy and hold investors in the St. Louis area that would like to use leverage and alternatives to bank financing. Pleas...
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If i like a sellers non-performing note and want to buy it, how do you determine the right purchase price?