All Forum Posts by: Marco Bario

 Thanks for the input! Currently I'm studying for my CFP exam but I am still finding time to practice some of the basics like property analysis and even from the financial planning side trying to do some extra study on financial planning for real estate investors. What are some other skills you would recommend putting some time into?

I need a experience real estate lawyer who did subject to deals in PA, Chester county to be specific. 

Experienced attorney who actually did Subject To Deal,  please leave message, I will contact you. 

Or any recommendations will be appreciated. 

I see this strategy tossed around on here and quite certain the strategy is in violation of the loan terms. I don't believe an attorney will actively participate in a process that knowingly violates a loan. 

I have been devouring all real estate information for about a year. I’ve been scouring marketplace, Zillow, auctions, and have been driving around. I finally found a great deal that will cash flow and give me everything that I’ve been looking for, but I can’t get a loan without a bigger down payment than I can afford. The property can be bought for about 175K and it already has tenants and brings in 2600 per month. What can I do? How can I find a way to make this work when I only have 20K of my own funds to put in? And have a great credit score and a steady income but I have a mortgage on my primary as well. This would be a long-term rental and I would want to hold. The short term and balloon payments that seem to come with hard money are pretty intimidating. Does anyone have advice for me to finally take the plunge and be able to make this first deal work? 

 You're referring to selling the Note itself correct?

I think the biggest thing as a seller in this scenario is to make sure you won't need all the money for the sale before the term has ended or the balloon payment has been made. Some sellers are fine with a 30 year term or sometimes even longer with no balloon, knowing they'll like be paid off sooner than that when the buyer sells or refi's. You can also do something far shorter if the other terms work for you and the buyer as well. 

The other thing to note is tax implications based on how much income you are making from the property, so just have that conversation with your CPA before signing a purchase and sales.