First published at 14:30 UTC on April 13th, 2024.
We covered several topics on this month's Saturday call. One of them was a discussion around whether or not you can disguise a loan (to get around regulatory issues) and just buy a property at half price, giving the would-be borrower the chance…
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We covered several topics on this month's Saturday call. One of them was a discussion around whether or not you can disguise a loan (to get around regulatory issues) and just buy a property at half price, giving the would-be borrower the chance to buy it back at a later time. It's interesting to consider, and... lease options no longer prevent you from having to foreclose.
We also had updates on a couple properties I had to foreclose on recently... I learned about really dropping the opening bid at a Trustee Sale if I REALLY DON'T WANT that property back, haha.
Great conversations about seller financing and note investing... stories from The Realm. Be sure to subscribe to the channel and like this video if you do!! :)
In this episode:
01:12 - Invest in yourself.
01:59 - Stay connected to Dawn.
03:02 - Note Deal follow-up: Win-win solution.
04:46 - Foreclosure snag - On title with unwanted property!
09:35 - Disguised mortgage strategy concerns.
19:22 - Asset climate: Dicey?
24:51 - Lender vs. landlord debate.
25:30 - Banks recovering unloaned money.
27:33 - Are mom and pop investors safe carrying paper on their properties?
30:09 - Why isn't owner financing more common?
32:27 - Choosing a good servicing company.
38:55 - Avoid note investing pitfalls - Trust Deed vs. Mortgage states
40:50 - Judicial truncation for vacant properties?
41:41 - Illinois contract for deed - convert to owner financing?
51:35 - Closing reminders for seller financing.
For more information, come on over to NoteQueen.com. There are free reports to download, and you can subscribe to attend our monthly Question & Answer zoom sessions called 'Property & Paper Live'.
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