All Forum Posts by: Scott VanScoy
Scott VanScoy has started 1 posts and replied 3 times.
Post: How do you still owner finance with Dodd Frank?
- Big Rapids, MI
- Posts 3
- Votes 0
You can still owner finance. There are restrictions and guidelines if you do more then one seller finance deal a year. Just more hoops and disclosures. Contact a local real estate attorney and fire questions at him/her. If you are actually doing deals via seller finance it will be well worth the cost to speak with an attorney.
Post: Newbie looking to start but, living in central, Michigan
- Big Rapids, MI
- Posts 3
- Votes 0
The club is in Wyoming, MI. It's in the Grand Rapids area. Here is a link to their site. I didn't find it very helpful though:(
Post: Newbie looking to start but, living in central, Michigan
- Big Rapids, MI
- Posts 3
- Votes 0
I have been a podcast listener for about eight months and this is my first real visit to the site. I created a profile several months ago but, never took any action or made any posts. I thought there wasn't anything that could work in my area or if it did it took money that I do not have. After listening to podcast #45 I finally decided, maybe this can work in my area?
I have never done a deal but, I have been learning for years about real estate. Always jumping to the "shinny object" but, never getting any where. I currently live in Big Rapids, MI but, would like to start investing in my home town of Traverse City, MI, which is about 90 miles north. It is a beautiful vacation destination during the summer when school is out and has a growing population.
My original idea was to start wholesaling in order to generate cash to purchase buy and hold property. I have found a REI club but, it is 70 miles south of where I live now. I was hoping to connect with someone in the Traverse City area who is currently wholesaling, flipping, or holding properties that would be open to lunch and sharing what they know.