All Forum Posts by: Mark Durham

In Seller/Owner Financing the Seller/Owner is the bank so there is no difference in the calculation. 

You can do either one, but if you rent it, there will be more management headaches unless you hire a mgr. which will cut into your cash flow.

If it's a FSBO, go ahead and make the offer with a closing date as far out as you can negotiate. That'll give you time to find the money.

You can close faster if you can negotiate Owner Financing or other Creative Financing terms.

Here at BP, Local REIA(s), RE agents, Craigslist, HM lenders, RE attorneys, etc.

It's less likely with a bank, but still worth trying. 

Yes, there's a very good chance a holder of a non-performing note (especially in 2nd position) will take a discount (possibly a very large discount). 

One would go about dealing with this by getting the note holders contact info, contacting them & making them an offer. Be prepared to negotiate.

Used it many times. Just another form of using OPM.

Yes, it should. This is one reason it's important to keep good records that can be shown to a lender to prove the payments are being made.

Some lenders may not take it into account, but I haven't come across any that don't.

That's true Joel, although I think most people are referring to putting cash into purchasing a property when they say “you can wholesale with little cash”.

But you’re correct, if you want to scale a wholesaling biz, you’ll need money for marketing.

BTW, there are many no cash to little cash methods of marketing as well.