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Notes/Summary

4:44 Kevin Moen: Buying Duplex with seller financing

  • 10:35 The nuts and bolts
  • 11:32 Rental market and NOI calculator
  • 17:00 Rehab costs
  • 18:21 Pictures of the property
  • 22:30 Structuring the deal and taxes
  • 25:00 Eddie adds conditions to the deal/wrap/first right of refusal/buy in a trust/like collateral exchange
  • 29:55 Documentation and Insurance/Land Contract benefits the seller
  • 36:35 Rethinking the math/1st and 2nd?

46:30 Tyra Bacon: Asset 56576 Amortization schedule

  • 48:20 Take the UPB and back into the numbers
  • 51:23 Kevin looks at the math
  • 55:35 Eddie tells Kevin that he is the smartest!

1:02:00 Keith Pionk: 1st and 2nd mortgages/Split loans/Piggyback 2nd/Mortgage Insurance

  • 1:04:50 Two separate security agreements
  • 1:05:46 In modification they would not merge/subordination language
  • 1:09:40 Blank allonge endorsement

1:13:30 Announcements