All Forum Posts by: Anthony Power

How would you set up a owner finance deal in this current market? I'm curious if a seller offered that they would be open to seller financing what terms would make the most sense for both parties, would you go with a short term loan with a balloon or try to negotiate for long term financing? I know that the terms a largely dependent on the the exit strategy but what would you do? I ask because i'm looking to negotiate terms on behalf of the investors in my area, granted that each investor has slightly different parameters, if I can get a general consensus on the topic it would help a lot!

Im looking for someone who is experienced in seller finance in Florida. I have a potential deal where seller finance would be a option, however I am a wholesaler and would be looking to collect a fee for negotiating terms. I have read through some old forums that they state that trying to wholesale a financing plan will create some legal problems, especially in Florida. If anyone has more information that they could share regarding the topic and inform me on the problem that would arise and how to go about structuring a deal to avoid said problems.

Good Afternoon BP family, I have been down the rabbit hole that is seller finance and subto for wholesaling. In my high equity high desirable area of florida it is the perfect REI niche for me, with that being said I am having some analysis paralysis and am looking for a seasoned veterned in subto to ask a few questions.

1. What is a wrap, and who are the parties involved? I think the concept in general confuses me, as to if a new mortgage is in place and "wraps" how does that affect the existing mortgage?

2. What protects the seller from fraud or sketchy behavior, as the buyer is going to be making those payments directly to the lender is their any sensitive information that can be divulged, and is there a way that I can explain it to my potential seller to ease their nerves and make the deal move more smoothly?

 My area is high equity being in Florida and on the coast, so with a longer amortization period my investors cashflow more and and get about 60-84months of growing equity for when its time to cash out or refinance. The seller really benifits just having passive income on a property that they don't occupy and then they will get a balloon cashout or renegotiate terms come time. 

I'm in a very desirable area for STR and even LTR , I think that main concern is with a 60 or 84 month balloon that the remaining amount due is still very high. Is this something that is going to push my buyers away from my deal, and how do I adjust, my thought process is to make the balloon payment on 120 mo. I'm just struggling from the wholesalers perspective on how to make the number work for everyone.

I believe that the main reason nobody wants to buy right now is the interest rates? Please correct me if i'm wrong or missing something. With that being said and despite the current interest rates, what would be the highest interest rate that you would pay on a creative finance deal? I'm looking to setup some seller finance whole sale deals with multiple options a long term low down payment  with a balloon and a short term high down payment with a balloon. Just looking for input on what investors would be looking for as a far as a deal like this.

I am a wholesaler in the Brevard area. I don't have anything currently under contract but would like to connect and get your buy boxes! Feel free to direct message me or email me anthony.powerre@gmail.com

I have a potential subto wholesale deal in the works, however it is a empty lot of land, has anyone dealt with something like this and if so what was the breakdown as far as down payment, assignment fee, interest rate, fixed years? I've been really trying a variety of combinations that is fair to all three parties and I think that I have one that works. I would just like to get outside input on if a deal like this even makes sense.

My names Anthony, and I have got into wholesaling as a way to create extra income and just build up some capital to turn around and re-invest. I have about 20k-25k saved up right now, but my DTI ratio is all out of wack. If you were in my shoes being 20 years old with this amount of savings, what would your plan in REI be for the next couple years ?

I was looking to wholesale to them, and get their buy boxes to broaden my avenues for disposition on my deals. Is it unrealistic to work with these hedge funds and should I stick to small individual investors?