All Forum Posts by: Mitchell Benson

@Matt G. do you know of a servicing company that do that for me?

no. i hear only after 5 deals within a year you really need to use one

Hello! Currently working on closing a deal with a wrap mortgage. I owe 32k, sales price is 109k with $9,000 down and finance over 15 years. at 6.5%. This is raw land that is mostly in the flood plain so i am happy with it. 

My question comes in to writing the documents for this. We have an attorney that we will be closing with but i want to be sure to have things written in there like late payment fees, ect. My real question is, is there a spreadsheet out there than can calculate late payments, added interest and lump chunks of cash thrown at the loan.

for instants, his payments will be $871 per month, so how can I keep track of the amount that is due on the loan if say, he misses a months payment but pays $1,300 one week and $300 the next. I guess what i'm getting at is how do i keep track of odd payments and still have the correct amount go towards the principal and interest respectively...

thanks for the help!

I'm not a turn key provider but I do have a triPlex for sale. Looking for offers. 

$2,300 in net income with about $700 in expenses (without debt)

This is in a gated neighborhood with lake Conroe access and multi million dollar country club & golf course

6 unit apartment available in Cleveland TX.  Asking 42k per unit. 

Message me if your interested

There are a lot of guys out there hustling, and trying to flip to investors you just have to make some phone calls, meet people & look at their deals. I guess this is one way to find them....also call on Craigslist, local facebook ads

A wholesaler is nothing without a good deal in his hands. 

Place for sale in Willis tx. In a great neighborhood. Check out this property on Zillow. great bang for your buck

http://www.zillow.com/homes/for_sale/28725883_zpid...

great for investors in Houston, North houston the woodlands conroe Willis new waverly and surrounding areas,

Best thing to do is get with a banker on this. If you buying a house and want to live in it then it will be easy to get a loan.

If you're buying land with a metal building/shop on it and want to do a Barndominium it will be more difficult to finance because of the structure

Good to hear from you. I am an investor, and wholesaler in Conroe, TX. The podcast have helped me a ton with my real estate business. Would you consider something on the north side as a rental?