Has anyone seller financed a property when you still had an existing mortgage? Is this legal?What are the pros & Cons?What are the situations someone would consider this transaction? (ei: better cash flow)Dustin
I started my quest for a park back in December. I am so excited to share that 3 months later, thanks to BP and all the support and confidence and education I have found here, I was able to lock down my first park! My ...
I'm reading a book right now that suggests it might make sense to lower your property insurance as you pay off more of your loan. So if you take out a $200K policy to cover your $200K house, but then pay down $100K of...
Hey everyone, My name is Erik and I have been a lurking on Bigger Pockets for awhile, learning and reading about real estate. I am finally in need of some guidance, so I decided to make my first post. Me and my busine...
Hey all. I recently closed on a deal that went into contract in september. I closed in January and we did some rehab work and we should be doing the final work within the next week or so. Purchase price was 29900 plus...
Hello all! I'm Travis and excited to be joining you here on BiggerPockets.com. This is my first "official" jump into the REI business and I'm really looking forward to what the future holds.I've spent the last 15+ y...
I'm looking to flip a property in my area. I have engaged with a private money lender to try to get the deal financed. I received a "conditional commitment" letter from the lender. To begin processing the loan, he'...
Hi All,I bought a single family house investment property in Murfreesburo, Tennessee in 2006 after I graduated college with 100% financing and no money down. Pretty sweet deal considering the lack of experience I had...
Hi All,
First off, I have been reading Bigger Pockets for years and I would like to start this post expressing a tremendous amount of respect and admiration to all you folks. You are all so generous with information ...
To all Readers and Members of Bigger Pockets,I hope this post finds you well. I am here to introduce myself to the BP community. My name is Mark Giles and I currently live in the Victory Park area of Dallas, Texas. I ...