All Forum Posts by: Angel Morales

Welcome Cory! I would suggest the SDCIA and NSDREI groups

@Nancy Zhao Yes sorry about the confusion, it's way too low, that is just what it was mentioned on the podcast.

Thank you for your help @Teri Feeney Styers and @Gregg Watkins

Hello everyone!

While listening to podcast #283 (which you should listen to in case you haven't), Paul mentions that when he wants to buy a house, he sends the homeowner a three-option letter of intent with the following options:

1. Cash offer (percent of what property is worth minus repairs, typically 50% of after repair value, this is the lowest value offer of the three that are given)
2. Owner financing (interest only, this is a higher offer)
3. Owner financing (principal only, no interest, this is the highest offer)

Option 1 is easy to understand, the ones I don't know how to apply are 2 and 3. Has any of you bought a property with the intention of flipping it using owner financing? What strategy did you use? 

We currently have two properties that we want to make an offer on, and it would be great if we could run the numbers and make an offer using owner financing as well.

thank you very much for your help!

Welcome Joshua! I would definitely start with listening to the bigger pockets podcast, very good source of information, ideas, and motivation :)

Thank you for asking Shiva! I was just going to ask the same thing.

Welcome Aaron! I currently attend SDCIA and NSDREI meetings and they are pretty good place to meet people and learn about real estate investing.

Welcome Michael! and good luck

Thanks for sharing!! 

Welcome Kwon! I agree with you, out of state investing is the way to go with current SoCal prices, one question: why Memphis and/or Indianapolis?

Welcome to BP! I like your goals, best of luck