When is seller financing worth it (as a buyer AND a seller)? Do you need an LLC to start investing in real estate, and will it help you buy more deals? Can you BRRRR (buy, rehab, rent, refinance, repeat) your primary residence to realize some serious home equity gains? We’re getting into these topics and more as we answer YOUR questions from the BiggerPockets Forums.
First, a seller has been presented with an interesting seller finance offer. Should they take it? How do they vet the buyer before giving them the house in exchange for monthly payments? We’ll explain when seller financing makes sense for sellers and how buyers can create compelling offers. Next, do one-bed, one-bath rentals do well, or are they too small for most areas?
How can you use your primary residence to build wealth without renting to tenants? We’re talking about the new BRRRR, or as Dave calls it, the LIFLOC (we’ll describe it in detail!). Do you need an LLC to invest? Most new investors get this totally wrong. Finally, why do investors and agents think so poorly of wholesalers? Do we ever use them? And how do you tell a good one from a bad one?
Dave:
You’ve got real estate questions, Henry Washington and I have answers. Hey everyone, it’s Dave here with Henry and we’re back with a format that everyone has seemed to really enjoy since we’ve been doing it the last few weeks. Once again, we’re going to take a trip into the BiggerPockets forums to find a couple of questions from the community and we’ll discuss them and give you our opinions on what the posters should do. A few of the topics on the list are, is seller financing always a good idea? Can you burr a primary residence and stick around because towards the end of the show, Henry and I are going to talk about why a lot of investors seem to have a problem with wholesalers and what that whole sort of feud or gripe seems to be about. Henry, you ready? Let’s do it. Alright, well question one says seller financing. Good…