All Forum Posts by: David Bennett

Hi Sid, 

search for hard-money lenders on the BP site and contact one or several for additional and/or more specific info.

good luck

-Dave

@Sean Peters

ok, thank you for the contact info

-Dave

Hi, 

I'm searching for a reputable property manager in the southern, NH region who would take on the management of a small apartment building (6 units). If anyone has any suggestions I'd be grateful to hear from you.

Thank you!

-Dave

@Ann

yes, I *hope to be* the buyer. For now, I'd like to find an attorney to draw up a contract. I will contact Brandy as you suggested, thank you. 

Best regards

-Dave

@Ann 

the deal is in Southern, NH for a 6-unit apartment building. Investor (me) to investor (current landlord not living in any of the units) deal. 

thank you for any information you can provide!

-Dave

Hello, 

I'm hoping someone can refer me to a lawyer in the southern NH area who has experience putting together seller-financed mortgage contracts (and who works with Title companies with similar experience). 

thank you

-Dave

@Bill G

Thank you very much for your detailed response. I will take your advice to heart. 

Best regards

-Dave

@Brandon Hicks

ok, thank you very much for your detailed response and for the links. I will go read through them shortly.

Best regards

-Dave

Hi Brandon,

yes, the NOI does support all of the scenarios. Cash flow is ~ 29/month, 500/month, and 900/month for 1,2, and 3 respectively.

Have you done deals with seller-financing in your area? 

thank you 

-Dave

Hi Manny, 

I probably didn't reach the correct person at the mortgage company first of all. And, I may not have said the "right things" when the customer service rep came on the phone (?). I'm sure the bank (or mortgage company) does want to get rid of it...and that's why I'm pursuing it. 

In general, I'm hoping to learn the correct strategy for dealing with a mortgage company who owns a distressed property. 

thank you 

-Dave