Edward Delgado
Seller Financing Question
I am looking for advice concerning seller financing. Im in the works with an owner about seller financing. Im the purchaser by the way. Has anyone completed one and have any advice? Suggest a legal advisor look over t...
Matthew Schroeder
Highly Recommended Indianapolis Attorney
Dear BP Members,Are you looking for an experienced real estate lawyer/attorney in Indianapolis? If so, I highly recommend @Jynell Berkshire of Berkshire Law LLC!!!I recently worked with Jynell on a very complicated p...
Ali Mol
Question about Treating the Credit in a Lease-to-Own Agreement
We signed a lease-to-own contract for 60 months. At the end of the term, we are obligated to provide a $100,000 credit at closing toward the purchase price for the buyer/tenant. This credit amounts to $1,666 per month...
Wensheng Chen
Can this still be considered a primary residence property?
I purchased a primary residence property with another co-owner in NYC in 2016. The mortgage loan is 100% under my name. 2 years ago, I moved & converted the property to an investment property, and purchased anothe...
Ewan Tong
Seller's agent says I can't have a buyer's agent! Is it true?
Hi BPers! I am an investor in Massachusetts. I ran into an open house very accidentally and I was so fond of that house that I signed an offer right on spot! Now, the seller and her agent have accepted my offer. And I...
John S.
Quadplex deal question...
I'be recently found a deal for a turnkey ready quadplex in Georgia. It's located in Douglasville, where the median family income is $143,000, and the seller is asking $385k for it. He said it's 100% occupied with $875...
Richard Cornacchia
Structuring Agreements Between Multiple Investors
Two other people and myself are looking to buy our first rental property together and are trying to determine the best structure to set up the agreement (such as an LLC). We are looking to purchase in the Memphis are...
Nate Carmin
Would this be a land contract?
This is what I want to do. I am going to rehab a house.ILl have 80 in it but its worth 110. So I plan on charging them 2% more interest then I pay on the full 110. So basically they will rent for a year. At the end ...
Ikenna O.
Question about "unpaid balance" on a foreclosure.
I recently came across a property with over $110,000 in unpaid balance, however the foreclosure estimates was about 60,000 according to zillow.com. Is this an attractive property for investors? And who picks up the un...
Jerry Hauck
Appraisal Deposit
Can the mortgage broker keep the appraisal deposit, if I go with another lender? The appraisal has not been done yet. I gave them the deposit fee to lock the rate, but they came back and wanted 30% down instead of 25...