All Forum Posts by: Aaron Howell

Welcome @Jake Hawth !! Great site for learning and networking

Good advice.   Thanks.  

@Elizabeth Colegrove and @Account Closed

I'm looking at buying a property listed at $59,900 in a neighboring state.  The seller is willing to offer seller financing.  After speaking with the owner's agent today she made it sound like the seller doesn't know much about the ins and out of seller financing.

On my drive home the seller's agent called saying that he wanted $30,000 as a down payment, 7% amortized over 20 years and a 5 year balloon.  She expressed her dislike of the owner's demands and didn't think he was going to get what he was asking for.

The property is a 3BR, 2 Bath that was at one time a duplex but has now been converted back to a single family unit.  Its about 1200 sq. feet and a decent neighborhood with a stagnant real estate market.  Unit A was getting $400 and Unit B was getting $385 before the conversion.  She believes it can get $750 as a single unit.

I'm thinking of countering with $10,000 down and 5% over 20 years and a 5 year balloon. 

I also have to think about property management for the property. 

Any thoughts ?

Congrats !  No. 2 will lead to No. 3 at some point.

@Jennifer Brown Welcome

Greetings @Stephanie Jordan

Welcome @Travis Hentzel !!

Hello, my name is Aaron. I started real estate investing in 2010 by accident when I couldn't sell my former primary residence. Since then I've bought two more properties and I'm in the beginning stages of starting to buy another one.

As of 24 hours ago I had no idea that a site like this existed. So far, everything looks awesome.