Delbert Standifer
Deal or no deal. Input appreciated .
Structuring this as a purchase from your dad to you is going to be the best way to do it. Setting the purchase price at the market value of $1,700,000 with a gift of equity for the down payment of 40% would leave you...
Mo Karim
Seller Financing - From the Seller Side
Hi all!I've been getting a ton of investors looking to do creative financing. I wanted to get a seller's perspective on seller financing. It's also something I've been exploring as a seller/owner of multiple propertie...
Antonio Bodley
How do you protect yourself in subject to deals?
What is the best way you can protect yourself in a subject to deal if your tenant buyer starts missing payments leaving you on the hook to come out of pocket to keep up with the mortgage payments? What if a person in ...
Mark Gibbs
Advice on a 2nd position loan workout
I have been working a loan in Georgia for 5 months and the borrower has finally come to terms with the fact that the lien on her property is indeed intact and needs to be addressed. We have filed for foreclosure and t...
Adam Romano
Private Money - Off Market Deal
Hi! My partner and I are trying to close on our first off market deal and were planning on using a private investor for the down payment. However, our mortgage lender will not approve us using someone else's money, in...
Horacio Gutierrez
Selling a note to another buyer
Hello,Say I do some seller finance where I carry a note for $100000 for 30 years at 5%. I decide to sell the note in 10 years will as a seller need to sell the note at a discount and can loose money or even if a selle...
Alex Geesey
Owner Financing/Seller Financing
I will be talking with another investor in the coming weeks who is trying to sell their Duplex (could possibly be a triplex). Looking at the initial numbers for my bank financing (commercial loan because the property ...
Jesse Ignell
Divorce and assuming a mortgage
I'm going through a divorce a determining whether I want to buy my spouse out of our primary home or sell it and split the proceeds. The mortgage on our primary home is 3%. The lender (Mr. Cooper) said that the mortga...
M Ness
Collecting Rent?
I'm purchasing my first property and will (hopefully) be renting it very soon. Is the most common method of collecting rent just having your tenant mail the check, requiring that it be received by the first of the mon...
Jason Stubblefield
Using A HELOC for Downpayment
Hey BP, I'm a bit of a newbie with investing in multi-family properties. I've been looking at properties with intentions of using my HELOC for the down payment and recently found a great deal. My problem is that I...