All Forum Posts by: Phommala Songkhors
Phommala Songkhors has started 4 posts and replied 49 times.
Post: should i get to know lenders?
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
I would deff focus on finding a deal, learning how to analyze it, get really really good @ the numbers and knowing what a good deal is, and then go to a lender, when you are absolutely ready for funding.
Post: What to do when...you've succumbed to "Analysis Paralysis"?
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
i would learn how to comp, figure out the area you want to invest in, what niche you are going for, and then execute. Skip tract, call, text, email, direct mail. Learn, take action, learn and take action. Keep moving and dont get stuck in the " consuming too much info " period.
Took me 6 years of analysis paralysis for me to finally take control of my life and figure out my path.
Post: Failing property on 15-year mortgage
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
Cody, lets chat, if you can DM me, i would love to potentially purchase your property.
Post: Sell or Rent- Moved out of State
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
Quote from @Josh Goertzen:
I greatly appreciate everyone's input on this situation and agree a lot with what is being shared. Thank you all. I like the idea of holding onto this property, but do think it best to sell via owner finance if possible. To further the conversation, how would someone go about advertising or finding buyers interested in that option?
i can help structure the terms you would need for it to make sense for you.
Post: Seeking Investor Partner for Tampa Area STR Deal (Owner Financed)
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
what terms did the seller give you ?
Post: Subject to that’s going through probate
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
you should be able to call the bank with the heir of the property, tell the bank, the homeowner had passed away, and see what you could do in terms of payments, to stop the home from going to foreclosure.
Post: Seller Financing - Note Services
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
Quote from @Moses Moreno:
BP Nation!
Anyone have any referrals for Note Servicing companies that deal with Seller Financing transactions? We just closed on our first Seller Financing deal (as a Seller) and looking to turn over the servicing to a 3rd Party firm. Preferably a company that offers Customer Service in Spanish.
Thank you!
west star servicing company
Post: Seller Financing but Negative Cash Flow
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
@Colby Burt
Hey if you need help restructuring the terms, give me a shout !
Post: Financing/strategy for first time investors
- Flipper/Rehabber
- Cape Cod, MA
- Posts 72
- Votes 17
deff use that money to put down on a couple cash flowing properties !