All Forum Posts by: Chris Shimmel

Multi unit discounts are unlikely. Multi policy discounts (home/auto) are very common. Depending on how you own this property and the type of insurance you have, it's possible that multi policy discounts could apply. I don't believe American Modern writes other lines of insurance so likely no discount available from that route. 

I've purchased a small commercial building in Missouri and I'm looking for a lease template. This is in a small town so it doesn't need to be anything extravagant. Just curious if anyone has anything they can help me with. 

About 5-6 years ago, before I was really ready to start buying, I met a guy who was doing owner financing on deals. Essentially he was buying the property and fixing it up. He would then sell it on some sort of a contract with a higher than market interest rate. He would require a downpayment by the buyer. All of this was done while having the house itself financed through a local bank. Essentially he had nothing out of pocket. My question is, has any one heard of this type of thing? If so, how on earth does it work? I can't figure out how he can sell on contract a house financed through a lender. Any help would greatly appreciated!