All Forum Posts by: David Patrick

Thanks Al! I completely forgot about this post. You are so right and thank you for your help. Your group and a couple other Facebook groups have been so helpful. We are on to numbers 3 and 4 forward our goal of 12 by March 2019.

Anyone have a multi family unit that would want to try out using one of the units as a short term rental. I could lease the unit from you and sublet it or we can partner and I'll do 100% of the work and do a profit split.

Does anyone know someone who is willing to lend or be an equity partner for short term rental arbitrage? I have the unit selected and first tenant. Would need funding to furnish and get it set up. Trying to do 12 of these in 2018

I actually live in Brookhaven and depending on where in Brookhaven, I'll say good luck finding something decent for $350k unless you are looking at a townhome. In fact, many of the newer townhomes in the area are starting at $500k. That said, for a $350k townhome, rents at $2400 - $2600 it's very possible. I was renting a townhome there and when I moved out last year they rented it within a few days for $2500. I was paying $2100.

I am an investor who specialize in owner financing and am looking for lenders who do purchase money mortgage to refer my buyers to AND to work with a mortgage broker who wants to turn their dead leads into a pipeline of purchase money mortgage refis down the road. So if you had to deny someone that has a down payment, they could still be a home owner today with no credit qualifying, then I send them back to you in a few years to refinance. Let me know if you can recommend anyone that would be interested.

Can anyone share some language to adding seller lease back into a contract?

Need help trying to figure out how to structure a deal. Here's what I want to do: I want to purchase a home from a seller using seller financing (contract for deed) and then sell the house to another retail buyer using seller financing with the understanding that he will refinance the home in 24 months and get traditional financing. The original seller and eventual buyer are all aware of what I'm doing. My question is When the retail buyer goes to refinance, how does the original seller get their equity out and get cashed out if the retail buyer's agreement/contract is with me? Thanks for your help

Thanks for the reply @Marta Brown . I was under the impression that there was far less paperwork for submitting on the HUD Home Store until the bid is accepted. I had a previous realtor do this for me, but was somewhat unreliable.

Looking for an Atlanta area real estate agent I can work with that has an NAID number and can bid on HUD Home Store properties for me and can share pocket listings.

@Frank Ponticelli Thanks, will give you a call this week