All Forum Posts by: Wesley Merriweather

In my county here in GA I can not access the mortgage data for the entire county. Typically this would be housed at the County Recorders office however this has to be searched, record by record individually.  

Any ideas on how to access this public data such as an 3rd party vendors or direct just as the Listsource folks use to provide an equity % lists?  

Any real suggestions 

Welcome Home to BP!! This is the land of opportunity. A wealth of information on this site and among the members. Hope to see you soon. Take care

Thanks Brian I appreciate your help greatly. I will reach out to you early next week. Thanks again

Hey Brian, 

Thanks for the input. I do not have a house right now, currently wholesaling and looking to gain cash flow and the find other uses for the leads that are not ideal for the discounted price. Monday, I have a meeting with a local attorney(did not know finding an attorney alone who is willing to close creative financing was going to be MASSIVE WORK) and due to the less than limited amount of attorneys who are not intimidated with this allows me to go to them with a bit more knowledge in knowing what needs to happen. 

The attorney situation has been less than pleasant so I am trying to help any willing attorney with the information I need so he accepting to work with me in the same manner. I am crossing my fingers on the help needed for closings to take place with this attorney. Called about 20 attorneys and he is the only one to even come close to agreeing to look at these deals. 

I am not currently focusing on the Sub2 arena just the free n clear properties.

Do you use the right to refusal often within your contract on each property?

Thanks Steve, that makes total sense! Just those pieces of information helps out alot

Good place to start is checking the File place I have gotten some good forms from there. 

I tell them, your not giving me your house I am providing a solution to but your house. Something that helps me out is going through with the seller the cost to selling on the open market if they are seriously looking to sale! I win, because I save you more time and money. 

Yes Just need a Purchase and sale Agreement that is assignable to a buyer.

I do bring 2 copies to my deals to just have an extra one to leave with the seller so they have a copy . Hope that helps

Hey BP, 

I have a quick question that I am still a bit stumped about. I am embarking on the Seller/owner financing arena and I am curious to know when I have a house with a Motivated seller that has agreed to seller financing and I stay in the deal obviously to make cash flow out of the deal. 

What type of paperwork do I need for the end tenant being that I want the Tenant buyer to either just strictly rent (which I doubt that what I should be doing) or should I have another purchase and sale agreement explaining the terms to the tenant or do I need my Purchase and sale with the seller, be an assignable contract for a qualified tenant buyer for later refinancing? 

Sorry of the Crazy direction this question went. I am trying to wrap my head around the strategy I should have for my Renter or tenant buyer as I approach this arena that I need confidence in knowing the direction I need to go with this. 

Thanks in advance 

Yes that's the exact direction I'm going with it. I guess I'm getting caught up on the math that takes place with the seller in your example of 

I have seen deals structured at X amount of money then the full amount is due after 5 years or even just x amount for 20 years etc at x% interest.

And then looking at it from the vantage point of offering terms to my end buyer or tenant buyer that makes sense, leaves me a spread and understanding the "time of money" here, so I know how my money is being affected along the way.