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Showing posts from October, 2022

What to do if a Seller-financed homebuyer wants to sell the home before the home is paid off.

One of the fundamental rights of real estate ownership is the ability to sell your interest in it. If you've bought a house from a previous owner, even if he's financing it for you, it's yours to sell. Generally, the only limitation on your right to sell would come from a lockout clause or prepayment penalty in the financing, just as would happen with a similarly written mortgage from a traditional lender. Doing Real estate in Carrollton, Fort Worth, Addison, Dallas, and all throughout Texas, the laws can vary so it is important to check with your local municipality to make sure that the contracts you are using encompass this type of event. Now as far as it comes to Grant Trevithick and the Real Estate Investing I have done, I can only speak from experience and want to encourage you to do further research to help guarantee that you understand fully what you are entering into with any of your sellers. With that being said here is some general things that have come up that I ...

Grant Trevithick - Avoid the Pitfalls of Owner Finance

  Grant Trevithick Carrollton Real Estate Investor with a Pro Tip on avoiding pitfalls of Owner Finance.  As a real estate investor located in Carrollton Texas, I have done countless Owner Finance deals throughout all of Addison, Dallas, Fort Worth, and most of North Texas. I know the importance of understanding Owner Financing of Property. This article will explain various methods of Owner Financing and what pitfalls and problems you need to avoid in Owner Financing. So what are the pro’s and con’s of Owner Financing? If you do not understand the differences in a Land Sale Contract, also known as Contract For Deed and the more conventional methods of Owner Financing you could lose the property with no recourse other than suing for some of the payments made. To gain knowledge of the safe way to set up Owner Financing where it is a win-win situation for both the Seller and the Buyer, you will want to take the time to read and understand this article. Why Owner Financing There a...

Grant Trevithick Addison Real Estate Investor Pro Tip - Dos and Don'ts of buying a home

Grant Trevithick Addison Real Estate Investor here with another pro tip on the dos and don'ts of buying a home. Do... look at the neighborhood Look at the house, but also look at the neighborhood. Location is the most important thing, so it's critical to look at more than bricks and mortar. How can you choose the right community? Become a neighborhood detective. Figure out what you're looking for, do research and find a neighborhood that fits your description. Do... look at several houses before you buy. Buying the first house you look at it is kind of like marrying the first person you go on a date with -- not necessarily a good idea. If you buy a home without comparing it to other listings in the area, you're likely to overpay or miss out on a great nearby home. Walk through at least three homes before you choose. If you still love the first one you saw, make an offer! Do... invest in a professional inspection. Sellers don't always disclose the whole truth to pote...
  Grant Trevithick Addison Texas real estate investor here with another pro tip. Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time. Though a traditional mortgage generally requires a 20% to 25% down payment, in some cases, a 5% down payment is all it takes to purchase an entire property. This ability to control the asset the moment papers are signed emboldens both real estate flippers and landlords, who can, in turn, take out second mortgages on their homes in order to make down payments on additional properties. Grant Trevithick founded Owner Finance Homes and several other companies in texas using various techniques. After going through several different avenues of investing here are five key ways investors can make money on real estat...