How do you compute the new current principal amount on a loan modification? Please assume these values as needed: * Loan origination date: 3/26/2008 * Interest: 5.92% * Term: 360 months.
In general modifications lower the monthly payment correct?
What terms do you like to offer your private lenders on a long term deal where the exit strategy will be seller financing to a new end buyer.
Is there any benefit of taking title to a house subject to in a Trust vs a LLC?
Best place, tips, and tricks when it comes to advertising your sub 2 acquisitions that you are selling with owner finance?
Best source to find data of motivated sellers? I.e foreclosure, high equity, low equity, absentee, etc?
How does the property insurance part work if I pick up a free and clear property with seller financing and sell on owner financing? Do I have to carry the insurance for the entire term of the deal?
You found a deal and used a private lender to acquire the property and your exit strategy is seller finance. What terms do you like to offer your investors or how would you structure a deal like this?
Are you guys going to wholesale to us? Are you guys going to sell us subject2 deals? I’d like to fund every deal.
Best strategy for financing repairs on a house we’ll be buying subject to, but the house needs a lot of repairs, like $30K+ on a $150K ARV house? Private lender 2nd lien, or come out of pocket?
Since we were on the topic of loan modifications, what if your end buyer wants to pay more than their monthly due payment on a regular basis? Will their P&I be the same throughout the remaining period?
Is a lower price and higher interest rate better than a higher price and lower interest rate when selling owner finance and wrapping an underlying loan?
Is there an issue with selling on a wrap while having underlying 1st lien note taken subject to at an interest rate higher than the rate charged on your wrap around note?
How are you structuring the deal so when the buyer pays your PI and them the insurance and Taxes is not over the market rent?