All Forum Posts by: Derek Parker

Do any parts of the Dodd frank act affect me if I want to sell residential lots, without houses on them, and owner finance them? What about the SAFE act in Texas? Does that apply to owner financing on the sale of residential lots?

Do any parts of Dodd frank apply to land only sales with owner financing? Do I need to check the buyers ability to pay, etc

Does the Dodd frank act apply to people selling only residential lots with no structures on them and loans that have no balloon payments?

If you guys are still meeting in Buda. I would like to join you all. I live in Buda in leisurewoods. I own 6 rental houses in Kyle and San Marcos and 6 duplexes in austin

to get a proof of funds letter just go to your bank.   It takes about ten minutes.   I do it all the time.   If I am making a cash offer of let's say $150,000.   I go to the bank and get them to type a letter that on this date I have funds on deposit in excess of $150,000 in my accounts.   It takes less than 10 minutes.    Of course you have to actually have the money

I paid my rental properties early and think that is the smart way to go.   I sleep very well at night being debt free

thank you for the reply.    so what happens if i evict her from the land adn she does not take her mobile home with her.  Is there an abandonment period, after wihich i can keep it?

Scott, I realize this is an old post, but i have a followup question to one of your replies.    I am looking at buying a piece of property at a tax sale that has an old mobile home on it.  The current owner is still living in it and i suspect she will be at time of sale.    She has a Homestead exemption on her property taxes so i realize their will be a two year redemption period.

My question is, if i buy it at the October tax sale, when can i evict her?  Do i need to wait until after the two year to evict her and then decide if i want to rent out or sale the property?   Or can I evict her immediately or start charging her rent or something?

Thanks