All Forum Posts by: Tony Davis
Tony Davis has started 8 posts and replied 23 times.
Quote from @Jonathan Greene:
Almost no deals already listed on the market are going to be open to creative financing. I can't really tell if you have experience, but my guess would be you do not and are using things people told you to do in order to get a deal for low or no money down. If I had a first-time investor ask me to check on an MLS property for creative financing just because it was 4 months old, I wouldn't work with them because I would think they don't have the money for a traditional down payment and would be a lot of work for very little opportunity. That's more likely what is happening. A realtor has no obligation to present verbal "offers" when not backed by consideration and verbal offers are tantamount to nothing anyway.
Realtor will not tell me anything. I was told by another investor to just put a creative offer in with my realtor. This way by law the seller will see it. If they dont take offer they will see there are other options available to them.
Looking at a property thats been on the market for almost 4 months. I asked the realtor if the owner would be open to non traditional financing. She finally answered back a couple days later. Basically saying that her boss says it can only be done through normal bank financing. I dont believe they even contacted the seller on what i was offering. Is it legal for me to contact the seller on my own? Tell them what i can offer them and explain the different options.
Post: Pulling Equity out of home a few months after purchase
- Posts 23
- Votes 3
Looking to buy single family home that could have around 30,000 in equity right away. Owner says he would sell to me at a steep discount. Just a tired landlord is all. How can I do this and only purchase the property at what he asking first? I would like to pull equity out within 6 months. Just trying to keep down payment as low as possible.
Sure
Quote from @Taylor L.:
It's all about relationships and off market deals. The more you can build those relationships, the better.
The thing they don't tell you is they really aren't interested in you in the beginning. You really need to have some experience before anyone will seriously look at you. I guess you and I just will just have to get our time in. Nobody cares about the little guy. Lol! Well good luck!
Quote from @Taylor L.:
It's all about relationships and off market deals. The more you can build those relationships, the better.
The thing they don't tell you is they really aren't interested in you in the beginning. You really need to have some experience before anyone will seriously look at you. I guess you and I just will just have to get our time in. Nobody cares about the little guy. Lol! Well good luck!
D
Post: Airbnb in St. Pete Florida
- Posts 23
- Votes 3
Maybe try a midterm rental. I believe it is a minimum of 30 days for a rental. Make a little less money but you will have less of a headache. That might be a work around. Lots of traveling business associates and nurses out there.
Looking at a property that I might be able to get via subject to/contract for deed. Was just wondering how you would go about getting funds under this scenario? This would put lender in the 2nd position I'm assuming.