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[ Sun, 24 Apr 2005 01:47:36 GMT ] [ 109519 ] [ misc.invest.real-estate ] [ view full article ]
"Bubba" - Re: What to charge for owner financed mortgage? - "Rip" wrote in message news:1114283924.549480.53320@z14g2000cwz.googlegroups.com... > Thanks to all for the replies. > > Don, that's the space I'm in right now. I have not yet run a credit > check on them, but they have told me they have bad credit. As John > said, if they could get a 6% loan, they would do so. > > I'll probably go 2.5-3% points above conven...
[ Sat, 23 Apr 2005 20:37:09 -0500 ] [ 109518 ] [ misc.invest.real-estate ] [ view full article ]
"John A. Weeks III" - Re: What to charge for owner financed mortgage? - In article <1114297543.405521.277280@z14g2000cwz.googlegroups.com>, "Rip" wrote: > That's pretty much it - I'm happy to get a 0 risk investment for 3-5 > years that will net me close to 10%. That return could be low in 5 > years if rates shoot up, but I'll gamble that it's going to be fine for > this period. > > Sounds like I need to go burn some hours with ...
[ 23 Apr 2005 18:33:28 -0700 ] [ 109517 ] [ misc.invest.real-estate ] [ view full article ]
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[ 23 Apr 2005 16:05:43 -0700 ] [ 109516 ] [ misc.invest.real-estate ] [ view full article ]
"Rip" - Re: What to charge for owner financed mortgage? - That's pretty much it - I'm happy to get a 0 risk investment for 3-5 years that will net me close to 10%. That return could be low in 5 years if rates shoot up, but I'll gamble that it's going to be fine for this period. Sounds like I need to go burn some hours with the laywer to ensure I can remove the risk of not getting the house back. Thanks, Rip . ...
[ Sat, 23 Apr 2005 21:17:00 GMT ] [ 109515 ] [ misc.invest.real-estate ] [ view full article ]
"Don" - Re: What to charge for owner financed mortgage? - Rip" wrote in message news:1114283924.549480.53320@z14g2000cwz.googlegroups.com... > I'll ask my attorney this question, but do any of you know if there's > some way that other creditors could be in line ahead of me? In other > words, if they default on the loan after 18 months, is it possible that > some other creditor gets the house before me? Back taxes, maybe...
[ Sat, 23 Apr 2005 21:12:18 GMT ] [ 109514 ] [ misc.invest.real-estate ] [ view full article ]
"Don" - Re: What to charge for owner financed mortgage? - "John A. Weeks III" wrote in message news:john-B962AC.15003423042005@ip-lcc.supernews.net... > In that case, I'd let the borrower go to a bank. There are > so many things that can go wrong with owner financing that > one shouldn't touch it unless they are planning to make a > business of it. Let the bank take the risk. But if the seller wants a good steady...
[ Sat, 23 Apr 2005 15:00:34 -0500 ] [ 109513 ] [ misc.invest.real-estate ] [ view full article ]
"John A. Weeks III" - Re: What to charge for owner financed mortgage? - In article <%swae.59797$VF5.45459@edtnps89>, "Don" wrote: > wrote in message > news:1114272258.716019.44420@g14g2000cwa.googlegroups.com... > > Write the "face rate" on the note several (5% ?) percentage points > > above the rate you want, then offer that same increse in rate as a > > discount for on-time payments. If the buyer resists merely...
[ 23 Apr 2005 12:18:44 -0700 ] [ 109512 ] [ misc.invest.real-estate ] [ view full article ]
"Rip" - Re: What to charge for owner financed mortgage? - Thanks to all for the replies. Don, that's the space I'm in right now. I have not yet run a credit check on them, but they have told me they have bad credit. As John said, if they could get a 6% loan, they would do so. I'll probably go 2.5-3% points above conventional if they have some credit issues, and only approach 10% if their credit is truly terrible. I'm glad to give these ...
[ Sat, 23 Apr 2005 18:28:11 GMT ] [ 109511 ] [ misc.invest.real-estate ] [ view full article ]
"Don" - Re: What to charge for owner financed mortgage? - wrote in message news:1114272258.716019.44420@g14g2000cwa.googlegroups.com... > Write the "face rate" on the note several (5% ?) percentage points > above the rate you want, then offer that same increse in rate as a > discount for on-time payments. If the buyer resists merely say, "You > do plan on making payments on time don't you? ... in which case the > inflate...
[ 23 Apr 2005 09:04:18 -0700 ] [ 109510 ] [ misc.invest.real-estate ] [ view full article ]
tobeok@lycos.com - Re: What to charge for owner financed mortgage? - Write the "face rate" on the note several (5% ?) percentage points above the rate you want, then offer that same increse in rate as a discount for on-time payments. If the buyer resists merely say, "You do plan on making payments on time don't you? ... in which case the inflated face rate never becomes an issue." Also, place a 3 to 5 year balloon payment on the note (already menti...
[ Sat, 23 Apr 2005 02:01:58 GMT ] [ 109508 ] [ misc.invest.real-estate ] [ view full article ]
"Don" - Re: What to charge for owner financed mortgage? - "Rip" wrote in message news:1114122444.908145.42420@l41g2000cwc.googlegroups.com... > My wife and I are selling a house. We've been approached by some who > wants us to finance their mortgage due to bad credit. They have money > for a sizeable down payment. They house is paid off, and we don't need > to money right now, so we can afford to carry the loan. > > Th...
[ 22 Apr 2005 12:20:41 -0700 ] [ 109506 ] [ misc.invest.real-estate ] [ view full article ]
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[ Fri, 22 Apr 2005 14:06:42 GMT ] [ 109505 ] [ misc.invest.real-estate ] [ view full article ]
"iNet" - Re: What to charge for owner financed mortgage? - "John A. Weeks III" wrote in message news:john-C598BC.21433521042005@ip-lcc.supernews.net... > In article <1114122444.908145.42420@l41g2000cwc.googlegroups.com>, > "Rip" wrote: > >> The question is what interest rate would be fair? If they could qualify >> for a loan, they could get about 6% APR right now. I certainly need to >> ...
[ Thu, 21 Apr 2005 21:43:35 -0500 ] [ 109504 ] [ misc.invest.real-estate ] [ view full article ]
"John A. Weeks III" - Re: What to charge for owner financed mortgage? - In article <1114122444.908145.42420@l41g2000cwc.googlegroups.com>, "Rip" wrote: > The question is what interest rate would be fair? If they could qualify > for a loan, they could get about 6% APR right now. I certainly need to > make more than this for it to be worthwhile, but I don't want to be > unreasonable or gouge anyone. If they could get 6%, they woul...
[ 21 Apr 2005 17:15:20 -0700 ] [ 109502 ] [ misc.invest.real-estate ] [ view full article ]
"Figaro" - Housing market in Anarctica - any agents out there?? . ...
[ 21 Apr 2005 17:14:49 -0700 ] [ 109501 ] [ misc.invest.real-estate ] [ view full article ]
"Figaro" - Housing market in Anarctica - any agents out there? . ...
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