Freedom First REIA, Ltd.


Freedom First REIA, LTD

3 Keys to Seller-Financing: Key #1 Part 1: What kind of deal is it?

Utah Real Estate Investors Association


When we talk seller-financing, or “creative” financing, we are really talking about a very large number of ways to structure the deal. Each kind of deal is structured differently, has different documents, and has different risks involved. That’s why the first key to seller-financing is understanding all the different options and deciding which is the best route.

There are 4 major types of deal structures (and even these can be broken down). I categorize seller-financing the way I do based on a) who owns the property, b) what documents are needed and c) the risks involved.

Here are the 4 main seller-financing deal structures:

  1. Seller Partnering
  2. Traditional Seller-Financing, or Note & Deed Seller-Financing
  3. Lease Options
  4. Contract for Deed

One common element among all types of structures is the long-term arrangement with the seller of the property. In a typical purchase and sale, the seller sells the house outright at a closing and is never heard from again. But in these deals, you will have some “connection” with the seller that extends beyond the contract or closing—possible for decades. You need to understand that all of these deals are long-term partnerships with the seller. Understanding partnering in real estate is crucial.

The first structure, Seller Partnering, is any de

Continued Advocacy: Under One Roof



Under One Roof made a big entrance as the coalition stood to represent the landlord voice across New York State when the Housing Stability & Tenant Protection Act of 2019 came into play. With a plan to stand together and address the unintended consequences for both tenants and landlords, the coalition voiced concerns with more traction than just a local association.

This coalition continues to provide connections to lobbyists with the ability to make change on a statewide and local level. Through current times, they still work on fielding requests, calls, and inquiries. The access and push for action has and will continue.

Join the conversation on Real Estate Roundtable, where the attendees touch base on Under One Roof:

Ideas for Rehabbing With Accessibility in Mind

Kentuckiana Real Estate Investors Association


AccessibilityDuring KREIA's July 2020 virtual main meeting, Hope Leet Dittmeier of Mattingly Edge talked about the need for housing for people with physical and intellectual disabilities. She said that if the housing includes accessibility features, that's even better.

Hope described a Universal Design Toolkit document laying out levels of universal design — which takes into account the needs of everyone in the design and construction of housing. Considering that 26% of adults in the United States experience some sort of disability, according to this document, it's something we real estate investors should take into consideration as we build and remodel houses. And let's not forget that, as we age, many of us may one day be included in this segment of the population.

Universal design concerns the needs of people of all sizes, physical abilities and concentration levels. It addresses such things as no-step entrances, first-floor bathrooms (with grab bars), doorways wide enough to accommodate wheelchairs, lowered kitchen countertops, raised electrical outlets, and more.

Are you interested in incorporating accessibility features in your rehabs? Check out a copy of the Universal Design Toolkit document Hope emailed us — view the PDF here.

Take Action When Your Business' Receivables Are Slowing Down

Utah Real Estate Investors Association



"Action is the fundamental key to all success." - Pablo Picasso

Many different types of businesses suffer from the problem of accumulated "past due" receivables.

And it's a problem which shouldn't *just* be addressed by "normal means" (calling, pestering, etc.).

The good news is that you don't have to accept the normal status quo -- you can actually change the way the game normally works. How? Well, I suggest that you use tactics similar to those which WON you the sale in the first place: discounts, premiums for advance or prompt payments, and good old multi-step follow-up.

If you do have (or ever develop) a receivables problem, you'll need to take this same sort of aggressive action to clean it up. "Preserving the relationship" with a client who can't (or won't, more likely) pay his bills is of little value.  And, left alone, collection problems tend to get worse, not better.


Monthly Meeting- Rob Fishbein & Brian Aguirre


At the next FFREIA Monthly Meeting on July 9th from 7 pm- 8:30 pm, you won't want to miss hearing from these professionals! 

 Brian Aguirre, a Home Depot Pro National Accounts Manager, will guide FFREIA members through Home Depot Pro offerings. Home Depot Pro provides FFREIA members with valuable resources through several products and services.

Rob Fishbein is a founder of JM Real Estate Capital and expert in investor and commercial financing. Learn not only about their products and services, but gain insight from a lender's perspective. Rob comes from a background in stock & bonds on Wall Street and has been in the mortgage business since 2002. 

See you there!

Housing Demand Above Pre-Pandemic Levels


If you’ve tried to buy a house during this time, you may be surprised at how quickly viable homes are being snatched up. Despite the pandemic, housing demand continues to rise. Some experts indicate it is 25% above pre-pandemic levels.

Homes are selling at higher prices in part due to new listings being down by an average of approximately 27.1% from a year ago, as Zillow reported. The following chart shows the decreased percentage of listings for key cities in each state. With more buyers than sellers, this low inventory has obviously maintained an optimal seller’s market.

While the quantity of stock is lower than last year, there are different predictions for how the second half of 2020 will pan out as well as the beginning of 2021. For buyers, there may still be heavy competition for a home, but the upside is the low mortgage r

Landlord & Tenant Law Practices in NY


With the amount of information going around, make sure you are up-to-date with the right information. For landlords specifically, that means staying current with laws and regulations.

Join expert, Jaime Cain, Esq. as she has a round table discussion in her video (Episode 60) regarding the statutes for landlord and tenant practices in NY. As we saw in 2019 with the Housing Stability and Tenant Protection Act, certain dynamics around long-term real estate investing have changed. She'll guide you through each RPL and RPAPL section with her deep insight and expertise in real estate law.

Along with going through those regulations, she'll take you through what to watch out for in light of COVID-19 and the court reopening process.

June 18- Alternative Real Estate Investing Strategies (AREIS) at 7 PM
June 25- Landlord Support Group at 7 PM
July 2-Alternative Real Estate Investing Strategies (AREIS) at 9 AM
July 9-Landlord Support Group at 8:30 AM
July 9- Main Monthly Meeting at 7 PM
July 16Alternative Real Estate Investing Strategies (AREIS) at 7 PM
July 23- Landlord Support Group at 7 PM

From Leon Griggs & Mary D’ Alessandro


Hello Everyone,

Earlier this month, I took the opportunity to respond to an email from Mary D’Alessandro. She sent the email to the Under One Roof coalition group led by Deborah Pusatere and Jaime Caine, Esq.  In her email Mary did an excellent job outlining the challenges we have as housing providers.

Our objective is clear - We (as real estate investors) are in a fight and we need your help. We need everyone's help. Please take a few minutes to read my email reply to Mary and listen to the documentaries I suggest. I hope you find the information enlightening.

Also, Jaime and Boylan Code LLP hosts an informational meeting a 2 PM each weekday. The sessions are abundant with real estate information that impacts everyone reading this email.

Leon Griggs Jr, President Freedom First REIA, Ltd.

Please see the outlines of challenges we face and coinciding actions through Mary's email below:

Housing Providers and  Management Companies,

I'm going to lay it on the line for you. I'm not a drama queen, what effects you also effects me.  I am not asking of you anything that I am not willing to do myself. What is being said in this letter are my thoughts, if you have a problem you can take it up with me.  I have attached articles as proof of fact of what our industry is up against.