All Forum Posts by: Denise Lettau

Dear @Jaren Barnes,

Thank you for your thoughtful comments.  I am leaning towards selling the note. I purchased the note which was set up as a contract for deed. A lot of attorneys that I have spoken with are not all that familiar contracts for deed.

Again, thanks.

Thanks so much @Chris Seveney, this is so helpful. I appreciate your response.

I purchased four installment payment contracts on contracts for deed. All are vacant land lots.  One has just defaulted. Not sure if I should now sell the contract as "nonperforming" or foreclose and resale the property. Property is located in Gadsden County, Florida.

My husband recently inherited with his siblings a home on Long Island.  The insurance carrier dropped the house as it is now vacant and we are unable to find another insurer.

Any recommendations? Thanks. 

@Chris Seveney thank you so much for your quick and thoughtful response. This is very helpful to me. 

Does anyone have any particular thoughts on contracts for deeds.  I have purchased one and may purchase another. I generally prefer mortgages due to title insurance issues.

Would like to know the experiences/opinions of others. Thanks.

@Simon Ashbaugh thank you for your sound advice. I am moving rather slowly (some would say too much so) and I appreciate the experience and expertise of others.

@Jerry Padilla, thank your for the welcome!

 @Mark Munson, I definitely will. Thank you for reaching out.

Best,

Denise Lettau

After months of coursework, tutorials and research, I am finally starting on this journey.  I want to get involved in all aspects of real estate investing.  So far, I am in the midst of purchasing a couple of mortgages and I have purchased tax liens and deeds.  I would like to purchase a few properties for rental and some hard money lending.