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All Forum Posts by: William Weaverling

William Weaverling has started 2 posts and replied 3 times.

Creative Real Estate Financing

Post: can i refinance a house while selling another house?

William WeaverlingPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 3
  • Votes 1

@Jonathan Hatton none of my properties right now are in an LLC. Yes i am open to it.

0 Votes
Creative Real Estate Financing

Post: can i refinance a house while selling another house?

William WeaverlingPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 3
  • Votes 1

Hey everyone i was wondering if i would be aloud to refinance one of my investment properties while selling my personal home? Do banks allow this? Thanks

0 Votes
Creative Real Estate Financing

Post: Seller financing terms

William WeaverlingPosted
  • Rental Property Investor
  • Philadelphia, PA
  • Posts 3
  • Votes 1

Hey everyone! Im looking for help coming up with seller financing terms on a triplex. I asked the owner if they would be up for seller financing and they said depends on the terms. So I’m wondering how to calculate and come up with terms. The formation on the property is below.

Existing Building: 2,452 Sq Ft

Lot Size: 25 x 120 | 2,831 Sq Ft

1ST Floor:

1 Bed, 1 Bath

Monthly Income $550

2ND Floor:

2 Bed, 1 Bath

Monthly Income: $900

3RD Floor:

2 Bed, 1 Bath

Monthly Income: $850

Asking: $240,000

I believe rent is under market value. I would also like to put down as minimum as possible. Thanks

1 Vote