Sarah Lorenz
Paying Off Seller Financing/Land Contract with a Bank Loan
I was recently asking about lenders that would pay off a land contract/seller financing after six months, which turned out to be fairly tricky. Almost anyone will do it as a purchase, but we were looking for a lender ...
Alexander Ball
Drove for dollars, found a potential seller, called, -- NOW what?
Hi Bigger Pockets Pro Forum,This is my first foray into posting in the pro forum, signing up after being energized by a couple catalyzing changes in my personal life. I have a penchant for being verbose, so I will do...
Lillian Titus
New cash buyer does not see value in motivated seller?
Hello all,I have a private lender that is new to rei. He is under the impression that reos are the quickest and best way to get in the game and flip a house. Though I agree there could be a gem on the reo market, i fe...
Roc Pilon
What is YOUR favorite/ proven criteria for seller financed marketing?
I am creating my preferred list to market to people who would potentially be willing to owner finance me their multi family property. I think there is alot of power in creative investing and I am wondering if there is...
Logan Turner
Who provides receipts or current balance on seller finance deals?
Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.
Is there an obligation for providing this? Should I be sending quarterly...
Joe Doman
Coming up with a down payment for seller finance deal
Hi all,I have a deal in the works on a property where the owner is willing to carry back financing. The seller has a small balance left on the mortgage so I need a down payment to clear this and a little extra cash to...
Antonio Bodley
How do I get contract signed with the motivated seller?
How do I get the contract signed with the motivated seller if they are out of state? What if one of us or neither of us has a fax machine to get the contract signed? The only way I can get access to a fax machine is a...
Jennifer Bonessi
Is there a Downside to Buying Seller Finance Properties ONLY?
Is there a downside to only buying seller financed properties when we are just starting out? My goal is cash flow right now, so I would buy and hold all of them, understanding I may not get the “deal of the century” t...
Rob Shipley
Buying a multi unit with seller financing then BRRR strategy
Buying a 9 unit below market value with seller financing. Adding 2 units to a current storage area and updating the property.. then refinance the property with a bank and pay off my existing seller financing note. N...
Josh Landers
Does anyone have an offer sheet they use with sellers?
I'm wanting to provide a seller with a breakdown of the rehab costs needed on his property so I can better support my lower offer. Does anyone have a form or spreadsheet they find effective when presenting offers? G...