All Forum Posts by: Travis Elliott

So found a little house for sale that is listed with a Realtor. The price is 39000 but I was told that a guy put an offer in of 20000 and it was excepted. The guy backed out (he was trying to resell the property with out the owner knowing about it).

If I get the home I may turn around and resell it on a contract or I may rent it out, I am not sure what one.

The owner will carry a contract and wants 5,000 down. I am thinking about offering 17,300 with 3,000 down. How long of a term should I ask for? If I went thirty years say at 6% the payment would only be 85.74 a month.. That is kind of silly..
Suggestions on what to offer as far as terms?

Thanks Chris

When a person sells a property on a note does the owner hold title until it is paid off or do they switch title?

Thanks and
'
Merry Christmas

Rich you have mail

Thanks Rich

I am always looking for ways to catapult my self. I bought two homes this year and would like to continue to do so.. The problem I have is the 20% and closing costs. I think that this is going to hinder me a lot.

If you have any ideas or thoughts on this please let me know.

Travis

Thanks for the informative reply Travis..

Can you tell me the process of selling and recording a property that you own? It is tax time and a lot of young couples with kids get a big chunk back from their returns. I wouldn't mind selling a property in this fashion...

I just bought a property that I may sell in 366 days should I go LLC S corp or what?

I am getting the feeling that most full time guys are flippers and that the buy and hold portion is just some extra gravy. Do you all believe that this is true? I own two SFH but I need to make up my mind, with the help of you all, witch direction to go in life...

Keep the good stories coming I appreciate your time and insight.

Travis

Congratulations to all of you guys.. That is great.

For buy and hold guys can you tell us a little more about your purchases.. Did you put a bunch of cash down or buy them with all cash down? I a m trying to get a clear idea of what works and end exactly how you did it..

James i think that you are the only person who is a buy and hold guy exclusively. I am interested in your story the most if you dont mind

And if you are one of these people can you tell us at what point did you go full time real estate investor? How many units etc