All Forum Posts by: Ryan Farr
Ryan Farr has started 10 posts and replied 13 times.
Post: How I'm paid once I sell property
- Little Rock, AR
- Posts 15
- Votes 3
Brent,
That does answer my question. Thanks for taking the time to explain it to me. BP is great and I am learning a lot of things on here every day!
Post: How do i get paid?
- Little Rock, AR
- Posts 15
- Votes 3
Hello everyone! I am just getting started in investing. I have a couple of questions but first let me play a scenario:
I buy a house, cash, rehab it and net $15,000 in income once I sell it. Once I close on the rehabbed property, the new owner finances the house instead of cash payment.
Here is my question: Do I get paid my lump sum of $15,000 from the title and escrow company and the new owner pays the title company the monthly mortgage?
Post: How I'm paid once I sell property
- Little Rock, AR
- Posts 15
- Votes 3
Hello everyone! I am just getting started in investing. I have a couple of questions but first let me play a scenario:
I buy a house, cash, rehab it and net $15,000 in income once I sell it. Once I close on the rehabbed property, the new owner finances the house instead of cash payment.
Here is my question: Do I get paid my lump sum of $15,000 from the title and escrow company and the new owner pays the title company the monthly mortgage?