Does anyone have any strategies or ‘go to’ points when discussing doing an option with a seller? Anything that has worked for you? I have been speaking with a few sellers who are very skeptical when I bring up the idea. Maybe I’m not presenting it in the best light.
Loan to value is a little hit or miss in CL. The semi-reliable way I’ve gotten this data is to limit the sale date. If I’m looking for high equity, I’ll put a sale date in of 01/1900-12/1997, with the assumption the homeowner has been paying down the mortgage.
I would like to offer seller financing to buyers. I generally can close transactions as they are simple, but apparently need an attorney, title company or loan servicing company to serve as a trustee for the Grant Deed who will reconvey the title when the loan is finished being serviced. In other words, I need a third party to serve as trustee on…[Read more]
As always good info Kevin. Richard when starting with a new county and before downloading the data take random samplings and look up the APN in titlepro or the county website to see if you’re getting houses or vacant land. This can be done without paying a dime for the info. Kevin SFR is pulled in the training videos, and you are right,…[Read more]