All Forum Posts by: Collin Corrington

I'm not sure of the podcast either but you can find a lot of good articles out there on Dodd Frank and owner financing by just googling. 

As a side note, we do owner financing exclusively.  My partner is a licensed loan originator and even he says it's too much to keep track of.  My recommendation would be to just hire a loan originator to do it for you.  Yeah, it's a little out of pocket but we think it's worth it. 

Yes, welcome!  I need to find out how to get to one of these San Antonio meet and greets!

Yes.  Welcome and enjoy Grand Prairie.  It's beautiful up there!

I'd do what Marcus said if you can make it liveable.  We do a lot of owner financing and it is rewarding and very good way to utilize those types of properties. 

Larry is spot on. 

As for your second question: it depends on how sophisticated the seller is.  Usually no, if that's the only property they're owner financing. 

Congrats on getting to it!

Basically you'd buy the property from them and be paying them like a bank until you could assign the contract to someone else or pay off the loan.  Usually if someone owner finances it they don't charge the usually 3-5%.  It's usually 7-12%, so they'd be making some money through interest if they decided to sell it to you that way. 

Hope this helps. 

Yes, welcome.  If you're in the San Antonio area and don't mind a drive.  Head to down town McQueeney.  My partner is building a shipping container daily rental place on the lake.  It's petty epic.  It's called the Dam camp. You can't miss it off of FM 725 in McQ. 

I've got a great drywall guy that should be available.  Send me a PM and I'll get you his contact info.