All Forum Posts by: Jerry Ayala

@Micah Cabagbag great job Micah!! Kihei is THE place to live IMO

@Indya E. Allen aloha Indya, welcome to the wonderful world of creative financing. Acquiring properties going through foreclosure by way of Subto is completely possible.

One huge thing to be aware of are the arrears to reinstate the mortgage, since they’re behind, and we’re going through a pandemic, the cost the acquire the property may be a bit high, which is fine if the opportunity allows you to make your money back sooner than later. Would love to chat more, I’m willing to help you on this.

@Fradel Barber Aloha Fradel, are you looking to make this your homestead or a rental property? If you plan on making it a homestead, structure it however you feel comfortable. If you plan on renting the place out, consider structuring 5-10% down, monthly payments lower than rental rates, and interest below national average. Putting less down allows you to acquire more properties the same exact way, once again, if building your portfolio is the plan here. Best of luck!

@Kuriakos Mellos let us know what happens!

@Roderick Angay always go through a non-interested 3rd party for your transactions whether it’s a Real Estate Attorney or Title company. Not all of them do creative financing so when you find one in your area that does, ask to use their paperwork and go over how you and the seller are protected.

@Tyler Eaton whoops Washington my mistake

@Tyler Eaton aloha Tyler, seller carry financing is my bread and butter. Think about it this way, you are upgrading the owner from a landlord to a lender. Much easier than securing your own funding. It can be done whether they have a mortgage or not. Depending on the owners situation and how much they trust you, down payment can be $0. Where in California are you?

@Steve Vaughan offer them full price with negotiated terms, ideally lower than rental rates in the area. Depending on the opportunity, 10k down and no more than 3-4% interest should be enough. It’s all negotiable.

Hey Kyle, what are you and the wife trying to accomplish? Looking to house-hack, have a rental, or just move into something to raise the family?

Hey Joel, I second what Blaine said, Creative Financing is the best bet to get into the game for sure since it is like acquiring a utility belt to fix problems. You do not need access to capitol at first, as long as you are creative and open-minded. Anything you pay for can be outsourced, I would start off by looking up Pace Morby.