Account Closed
How can I explain what I do to the seller?
A homeowner in pre-foreclosure called me and asked me what I do and I answered but he didnt understand. He asked this:How can you rent or resell the property if I will still be on the mortgage? And he asked how I w...
Allen L.
Seller will use insurance to fix leaky roof, other risks?
I'm interested in a property where there are stains on the ceiling and the tip of the walls throughout the house. The seller's agent said that they can use insurance to fix the roof. Assuming the roof problem is squar...
Stephen Rockwell
New School VS Old School Marketing For Motivated Sellers. Advice?
Hello all! Well, I will keep it simple. I'm a 20-year full-time investor with a lot of experience. I'm working towards scaling up my business in Arizona, the most competitive market in the country. I am strongly consi...
Samantha Magina
Investors are asking me (seller's agent) what repairs are needed?
Hi All,
Is it normal or appropriate for an investor to ask me, the seller's agent, what work needs to be done to a property and what the ARV would be? I'm happy to show them the property, discuss what improvements t...
Kayla Wagenmann
Seller Financing in Minneapolis with no or low money down?
My partner and I have been considering purchasing a duplex as an investment for our first home. We moved back to Minneapolis last year after living in Los Angeles for 2 years. We have been renting for the past year at...
Naga A.
Motivated seller wants to sell his investment property, now what?
An acquitance of mine wants to sell his investment property to me because he is going through a divorce and wants to get rid of it quickly.
Using the 2 % rule, I am thinking of offerring him $50,000 minus any repair ...
Account Closed
Getting the property under contract - seller signs at title company?
Ive read that when you get a seller to agree on a price and sign the contract, the signing needs to take place preferably at a title company or in front of a notary public. Is everyone doing this or are you getting t...
Ibrahim Hughes
When can seller aa buyer get under contract using FHA?
Greetings All. As many of you rehabbers already know, although HUD waived the 90 day seasoning requirement, many lenders are still requiring it before they lend on a property. At least that's how it's going in NJ.
Du...
George P.
Asking the seller to finance when the property is listed
Question to all RE Agents and Brokers out there - did you ever have to present an offer that required owner financing for the most of the asking price? Would you call before hand to inquire whether the seller will con...
Joe Edwards-Hoff
How does it work when the seller financines a portion?
If I were to set up a deal where the seller was going to write a note for 60% of the property and I would need to get financing on the other 40%, how would that go? Does the bank ask me to put a percentage down on the...