[Paul Klaas]

in reply to: Executing actual selling-financed wrap mortgage

Paul Klaas

Thank you Jackie!

V/r,
Paul Klaas

[Paul Klaas]

in reply to: Executing actual selling-financed wrap mortgage

Paul Klaas

Thank you Mike and Jackie. Great info. Makes a huge difference knowing that the Title Company will generate that paperwork for you.

In your book Jackie, you mention multiple lead generating strategies, which all include stating that you can purchase properties and close fast. Is the idea to get sellers calling you so that you can make offers with Seller financing or just doing a HBS? Is it illegal to state that you will sell someone’s house in 7 days, due to the fact that you are not a broker? Just wondering why you don’t explicitly state that you can sell their house in seven days? Seems like you have to be more indirect because you are not a licensed real estate agent.

-Paul Klaas

[Paul Klaas]

in reply to: Creative Potential Purchase:

Paul Klaas

Thank you Jackie!

Here are our questions:
1) What if the sellers already have an agent? Can they fire their agent and use us to do a Highest Bidder Sale? We are not agents.

2)The homeowner still has a loan on the house. If we are doing a HBS for the down payment, how can we negotiate the downpayment? Doesn’t the lender dictate the buyers downpayment?

3). Can you explain No Ban Financing?

My wife and I are going to read your book this morning and hopefully talk to the sellers today.

V/r,
Paul Klaas

[Paul Klaas]

in reply to: Creative Potential Purchase:

Paul Klaas

Thanks Dee! Yes we proposed master Leasing and they were open to it. Thanks for the heads up on the environmental issues as well. Highest bidder sale sounds like a good option as well. Thanks again!
-Paul