All Forum Posts by: James Davidson

 Mitch, that's actually who I am leaving. Maybe it was the CPA I was working with as opposed to the group itself. It just seemed like I was paying a lot for tax filing and nothing else. Even had to file taxes late this year for the first time ever. 

I am looking for an Asheville-area accountant with knowledge of real estate investing. Any recommendations? 

You can come up with any terms you want. Try and pitch 2-4 options with various down payment, interest rates, and balloon payment options. Those are really the 3 main "terms" that make up the deal. 

If a home qualifies for traditional lending it is hard to get a creative financing deal done. Your chances are much higher with distressed properties that are going to be difficult to sell. You really need an agent that understands it and can outline the benefits to the seller. Also, you can still work the agent's commission into a seller financing deal just like any other contract. 

The due on sale clause is almost never invoked unless the mortgage payments stop coming. If you're concerned about it, you can have the current owner reach out to his/her lender and explain the situation and request a due on sale clause exemption. Banks don't want to own real estate, they want loans that get paid back.