All Forum Posts by: Chris Holland

I’ve spoke with a few prefab manufactures in several states to get a good idea of how they can deal with harsh weather if we decide to drop it on some land in the panhandle.

The next step is making some calls to vacant land owners in the area we want to see if they’d like to sell. But now I’m considering seeking a partner to buy the land and I’ll buy the prefab.

This will end up being an Airbnb and my first experience with them. My question being for anyone who’s dealt with Airbnb and what their experience is. I’ve been flipping for a couple years but have been thinking about having an Airbnb for a while

If so, do you happen to have the contracts used? I’ve only done houses and wondering the difference in land deals as far as contracts

I have a potential flip already, but don’t have contracts to send the seller and buyer.

Hi team, I'm sorry if this has been discussed but I can't find anything on it. I had an interesting thought about how to assist people with liens on their property. 

Let's say I'm a cash buyer, instead of asking if they'd like to sell their property, what if I offered to pay their liens for them, but I get a (small) percentage of their equity? 

Example, $100,000 of equity, but they have a $10000 lien. I'll pay their liens off, and they'll pay me 3% of their mortgage. So they're equity goes from $100,000 to about $85,000 and they get to keep their home? 

Why not cash out refinance if they're going to use equity to pay off their liens? Either they don't know, or I can convince them my 3% is going to be cheaper than closing cost on a refinance, which is usually true. 

Anyone have experience doing something like this? Also, can anyone help me figure out what a good script would be and what type of contract would be used? 

Thanks team, I look forward to hearing from you.