All Forum Posts by: Sean Salandy
Sean Salandy has started 35 posts and replied 147 times.
Post: Evaluating mobile home park

- Kent County, DE
- Posts 147
- Votes 22
Post: Owner Financing a MLS Listed Property & Realtor Commissions

- Kent County, DE
- Posts 147
- Votes 22
@Russell Holmes Thanks for your response. That is exactly what I wanted to know. I wasn't sure if an agent would be reluctant to put in an offer on a deal like this without knowing where they would be getting their money but this makes sense.
Post: Owner Financing a MLS Listed Property & Realtor Commissions

- Kent County, DE
- Posts 147
- Votes 22
If I wanted to structure a deal to buy a MLS listed property and it is an owner financed deal, how would the realtor make their commission? Would it come from the down payment that I negotiate with the seller/seller's agent? In that case I'm assuming the down payment would have to be enough to cover the commission(s).
Thanks in advance for your help.
Post: Flipping using Owner Financing and How to Structure

- Kent County, DE
- Posts 147
- Votes 22
@Steve Vaughan @Brandon Sturgill Thank you for all of the information. Your responses have been very detailed. @Steve Vaughan the potential deal is from a response to a mailing.
Post: Flipping using Owner Financing and How to Structure

- Kent County, DE
- Posts 147
- Votes 22
@Brandon Sturgill If the seller owns the property free and clear and I set up owner financing with them, wouldn’t I be the owner if I took title since the current owner would simply act as the bank? It would just be for a shorter time period but I believe it would be similar to what you did in your example earlier. The difference is the owner in your example held the mortgage for 12 years, I would be looking for a 6-12 month balloon while the house is being rehabbed and flipped. I’m not sure if I’m misunderstanding the strategy.
Post: Flipping using Owner Financing and How to Structure

- Kent County, DE
- Posts 147
- Votes 22
Thanks for the response @Brandon Sturgill I may also consider holding as a rental but the numbers would likely work better as a fix and flip. So that’s why I was considering owner finance as an option to get in there and quickly fix what’s needed and put it on the market.
Post: Flipping using Owner Financing and How to Structure

- Kent County, DE
- Posts 147
- Votes 22
Post: Cesspool on property

- Kent County, DE
- Posts 147
- Votes 22
Does anyone have experience buying a property with a cesspool. Are they allowed anymore or do they need to be removed? I know they are different from a septic system but I don't know much more about them.
Post: Steps To Follow When Purchasing Directly From Sellers

- Kent County, DE
- Posts 147
- Votes 22
Post: Steps To Follow When Purchasing Directly From Sellers

- Kent County, DE
- Posts 147
- Votes 22