Separate the facts from the “BS”. – Ask lots of “What if…” questions. For instance, what happens if you’re not able to get financed at the end of the term? What happens if the house is worth more at the end of the lease term than the price on which you’ve agreed? What happens if the house doesn’t appraise for the agreed-upon sales price?
Goals. You have to know what your goals are. This could save you time and the seller of the note if you know the minimum return that you need before you start. Learn how to make money in real estate notes by purchasing them for a cheaper price.
Now, let’s get to the fundamental rules on retaining a real estate agent. For purposes of full disclosure, I am a retired attorney near me on contingency and now a real estate associate broker. The rules are not difficult, but are not widely known or not widely practiced.
For instance, if you were accused for drunk driving or if you need a Real Estate Lawyer, there is a professional for you. There are professionals in basically every area, so your options are extremely wide.
Abogado de bienes y raices The second kind is a private lender, someone that loans their money out secured by a property. These are the ones you want. How to find the good ones? Call them and introduce yourself, explain that you are a real estate investor coming across a wealth of high-ROI secure low-LTV real estate deals and in search of short-term mortgage financing from private individuals to get the deals done.
If a property is sold under a short sale, the lender may require the buyer to make up the difference, either through a personal obligation or a collection.