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All Forum Posts by: Carl C.

Carl C. has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: Bought self storage on Land contract 2yrs ago now what ?

Carl C.Posted
  • Lansing , MI
  • Posts 3
  • Votes 0

I did aproach seller about extending the loan. He would rather not extend due to starting a business with the proceeds of the sale.

0 Votes
Buying & Selling Real Estate

Post: Bought self storage on Land contract 2yrs ago now what ?

Carl C.Posted
  • Lansing , MI
  • Posts 3
  • Votes 0

we are around 95% occupancy. Gross rents around $1200 a month.

0 Votes
Buying & Selling Real Estate

Post: Bought self storage on Land contract 2yrs ago now what ?

Carl C.Posted
  • Lansing , MI
  • Posts 3
  • Votes 0

In July of 2015 we bought a 26 unit self storage for $39,000. On land contract. We Put $5000 down. We currently owe around $26,000. The balloon payment comes due in July (2 yr loan). Now my question is 

How do I get a loan on this property with a low credit score ?  

0 Votes