All Forum Posts by: Christopher Williams

 @Gilbert Dominguez that would be a Great option but the seller will not agree to such long term payments on such a small amount. The seller wants out now because she is elderly and has another property she just received from her fathers passing. Trying to persuade her into a 3 year pay off will be a challenge.

@Darrell Shepherdthe seller just wanted to be done with a property, so that's why I considered such a high payment and short term, the property is in excellent condition and only needs paint, it shouldn't need anything major for a few years. The L/O contract will state that the tenant/buyer will be responsible for upto 300 in repairs in any given month.

@Eric Moore that is a good idea but there is no mortgage in place, the seller has owned in without a loan for 13 yrs.

thanks for the reply @john van uytven, roof is 2years old, new central air and water heater, all appliances are fairly new and will remain with property. Foundation is good for the home being built in 1959, no sign of big issues. Only needs fresh paint an a tenant.

Hello everyone, I have a deal in place now that I would like your opinions on. I have a contract on a vacant property (wholesale) I am now thinking about using the seller financing option instead of a flip. There is no mortgage or lien on this property, and the seller just wants to get rid of it before vandals target it. The property is in excellent condition but not in a high valued area. I'm thinking about 2k down and paying the seller 400 a month for 3yrs. The property will only rent for about 650, I was considering using the lease option agreement with the tenants that I find. What do you think? All opinions are appreciated!!!!

It was Ooc, but now is vacant, it is in a decent area and should not be hard to get a good tenant. I am focused on makeing it a wholesale flip because I will not be able to make the repairs at this time. @Mark Vejnar Thanks for your response!!!!

Greetings everyone, I have a deal in progress now and need advice!!! I am thinking of making this one subject to but the seller is 3 months behind on payments. Should I add the late payments in with the subject to/purchase agreement cost or just notify the buyer during the contract signing? Also the buyer doesn't want to use a title company for the purchase, ( in order to keep the loan company from receiving notice of the sale, to avoid a possible due on sale clause) ALL ADVICE IS APPRECIATED!!!!!!  

Advice from anyone will be helpful!!!! Thanks

Greetings everyone, I am currently working on a deal now and would like your opinions on the best way to structure it. Property value due to comps is roughly 55,000. Mortgage in place is at 28,000 owed. Repairs range from 5,000 to 10,000 to make it rent ready. Seller will consider a subject to agreement and wants only for the property to stop hurting their credit, because she is three months behind on payments. Do you think I should flip it as a wholesale or flip it with the subject to agreement?

ARV= 55,000, Mortgage= 28,000, monthly payments= 400, Repairs= 5k to 10k, Seller wants nothing but to be free of the property, property can rent for $900 max.

BTW if I choose to use a purchase agreement should it be for the 28,000 owed, or should I add the payments that are behind in with the purchase price?

I am also looking to get $2500 assignment fee if I choose to assign the contract. 

All advice is appreciated!!!!!!

Thanks to everyone for all your advice, I have bandit signs ordered and coming through the mail, and I drive for dollars daily, 100 letters were sent out to expand my buyers list and waiting for replies.  I and the most persistent person you will ever meet, lol. I do not believe in failure, because it's just a learning experience for me to change my strategy.  I will keep everyone updated on my progress.   Thanks 

@Ned Carey @Arktavious Sally @Stephen Fryer @Terry Evans @Tim Leslie @Sami Elmansoury @Hasan Hamdan and

@Aaron Daniel 

Hi Everyone, Im just starting my REI business and I want to do a little wholesaling so I can generate some extra capital. Whats your best advice for attracting MOTIVATED SELLERS?