Hi, if the buyer defaults, what is the name of the court motion that the seller must file to regain physical possession (we already recorded the special warranty deed from buyer back to seller) ?
thanks for the video Seth. Something interesting actually watch this video a year ago just when I was trying to absorb everything I could about land. But now that I'm probably a month or two away from actually using this information it's really great to be able to go over it again! Thank you for sharing.
Me too! Absorbing so much by going over multiple times & be ready to apply it probably in a month or less. Just gathering some "courage" to be ready for "self closing"
In this scenario you were the seller; however, is this a form what you would create as well for sending out all offers that were accepted via a purchase agreement? After the purchase agreement is signed, then you could send via notary a land contract?
I would google your state and city and the words "real estate attorney" and call a few of them to get their opinions. Most attorneys will give you 15 minutes of their time without charging anything.
You'd have to clarify what you mean by land wholesaling. If you mean buying land very cheap and selling it with seller financing, yes... but you'll want to be sure you have an attorney prepare the first one in whichever state you're working in, to make sure it's got all the state-specific verbiage in it.
As always! Best person to share tiniest details with such simplicity!
Thanks so much!
Great video, Seth! Thank you for sharing your knowledge with us regarding land contracts.
Hi, if the buyer defaults, what is the name of the court motion that the seller must file to regain physical possession (we already recorded the special warranty deed from buyer back to seller) ?
Awesome service brother. thanks for putting me on. will sign up soon using your link
searched around their doc section and couldnt find any creative finance docs like subject 2 or wrap arounds, only found lease options. shucks
thanks for the video Seth. Something interesting actually watch this video a year ago just when I was trying to absorb everything I could about land. But now that I'm probably a month or two away from actually using this information it's really great to be able to go over it again! Thank you for sharing.
Alright! That's what I like to hear! Glad it provided some help two times over. :)
Me too! Absorbing so much by going over multiple times & be ready to apply it probably in a month or less. Just gathering some "courage" to be ready for "self closing"
Thanks again Seth. Another great resource for us followers. Your awesome.
Seth = The Man.
In this scenario you were the seller; however, is this a form what you would create as well for sending out all offers that were accepted via a purchase agreement? After the purchase agreement is signed, then you could send via notary a land contract?
I suppose you could - you'd just want to make sure all the language is written in such a way that you're still okay with it.
@@RetipsterYou suppose...hmm..lol so what contract do you use when you're the one buying the property?
Purchase agreement
Land contract
What kind of attorney would I hire to look at my raw land purchase?
I would google your state and city and the words "real estate attorney" and call a few of them to get their opinions. Most attorneys will give you 15 minutes of their time without charging anything.
What are you guys using to collect monthly payments on seller finance deals?
So true
Collection be monthly
Year's
Does this site allow you to save a contract that you compose so that you can edit it later if you need to? Good video, btw.
Yep, it does.
Can this contract be used for land wholesaling?
You'd have to clarify what you mean by land wholesaling. If you mean buying land very cheap and selling it with seller financing, yes... but you'll want to be sure you have an attorney prepare the first one in whichever state you're working in, to make sure it's got all the state-specific verbiage in it.
Awesome video bro!
Thanks Julio!
Escrow account? Is it setup by you inhouse?
It could be. Or you could us a loan servicing company.
Hi Seth great video! I’m in the Kent County area and really need your help. Is it possible to get a hold of you somehow?
Sure! You can try me here: retipster.com/contact-me/
Is it possible for me to wholesale a property where my seller has a land contract and they're willing to sell via land contract?
Very cool thanks!!
You bet! Thanks for watching.
Thanks Seth.. your a godsend
the uk isnt on the website??
Good advice. I signed up.
What do you do if the parcel has no address?
Just refer to its parcel number and legal description (most vacant land properties don't have a registered address, so this is a pretty common thing).
This detailed tutorial was so helpful. God bless!
I'm glad to hear that! Thanks for watching, Veronica.
Unit suite
Sale