I`m meeting a seller tonight who needs to sell his property. It has been listed since October and has had 2 price drops. He says his realtor isn`t working very hard to sell. I would like to Option this property from the owners but the listing doesn`t expire until March 1. My plan is to do...

Hi Everyone, I`m considering Optioning a property from a Seller. I have the "Option to Purchase" contract from Barry McGuire`s "Deal-Ready Documents" course (A FANTASTIC COURSE!!) but I`m still a bit unclear of exactly how the closing works once I`ve found a buyer. I`ve read about a...

Hi Everyone! I`d just like to quickly run through a deal and maybe get some feedback from my fellow investors... First of all, this lady was ready to walk away from her house and just sign it over to me without receiving any cash. I explained that I was an investor, the loan would stay in...

Hi Everyone! Just wondering if it takes longer to foreclose on a property that you`ve sold w/ owner financing than to evict if sold on a lease option. Fortunately, I`ve never had to do either one, but I want to be aware of how long it takes (and which one cost`s more in legal fees) so I can...

Hi Everyone,I received a call from a homeowner and it looks like it could be a good opportunity... First of all, this is a mobile home. The seller told me that she owns the land, so there are no lot fees or rental fees, just taxes. Appraised value = $285,000 Asking = $200,000 Owes = $200,000...

Hi Everyone! Just a quick question....I have a friend that has decided to seller finance his property to a buyer on a 3 year term. During that time, my friend may want to purchase another property. I`ve heard that as long as you disclose to the bank that you`re receiving money to pay for your...