Investor · Dallas, TX · Member since 2020 · 104 posts · 43 votes
I have a situation with some notes I own that are either a little behind or where I sold a property that is a fixer-upper and they haven't fixed it and it presents an opportunity for me where I would rather buy the property back because the market price is higher now than when I originally sold it. Has anyone ever done this and is there any issues you see?
Investor · Dallas, TX · Member since 2020 · 104 posts · 43 votes
5y
@Ethan G. That’s an option for the ones who are way behind, but most are just marginally behind (can get caught up) or (for some of the fixer uppers) they are up to date, they just haven’t fixed up the property yet. It seems as simple as making an offer and then releasing the lien note upon closing. But i want to make sure it’s that’s simple and I haven’t been able to find much literature.
@Ethan G. That’s an option for the ones who are way behind, but most are just marginally behind (can get caught up) or (for some of the fixer uppers) they are up to date, they just haven’t fixed up the property yet. It seems as simple as making an offer and then releasing the lien note upon closing. But i want to make sure it’s that’s simple and I haven’t been able to find much literature.