All Forum Posts by: Cheryl M.

I understand. Thanks for the feedback.

I am trying to understand how note buying works. I was looking at a non-performing note for sale and the unpaid balance is $79,300. The property value is about $10,000 and the seller wants $2,000 for the note. Is this a good deal? I'm confused as to what happens with the unpaid balance and if it matters if I wholesale the deal. I would really appreciate some clarity. Thank you very much.

Okay, thanks guys!

When using bandit signs, is it better to have them made or to write them up yourself? Which method is best to attract buyers? Thanks.

I will. Thanks.

If I don't ask questions I won't get answers. It's called learning. Thank you.

Thanks to Jon for clarifying this for me.

A seller wants to sell their house for 49k but the property is worth about 40k and it's in a pretty bad area. Should I take the deal and if so, how would I structure this? Thanks.

I was on a conference call the other night and they had a discussion about a deal. The house is worth 145k but the seller only wants 124k, it's open to seller financing also. After structuring some offers to the seller to have principal, interest, or payment, the idea was to either put a renter in the house for 124k @ 500/month or even better with 100k @ 650/month rent. I got confused when they talked about cashing out. What is does that mean and what is seller financing? I have an idea but not sure. Thanks.