All Forum Posts by: Dave Halevi

Hey y'all.

I'm about to close on a seller financing deal, do I get the warranty deed to be recorded under my LLC name? Or it has some other method of putting it together until the end of the balloon/loan period?

What is costumery regarding the payments, if I fall behind, God forbid, after how many months the seller can take action.

Also, can they ask me to keep on going with their insurance company with the same policy?

Thanks much!

Thank you for your answers.

I understand the logic of getting the deal under the market price and later refinance it at better rates, or having a sub2 deal where it's already at a lower rate usually.

But I see investors who offer asking price if the seller would finance the deal, and it's around the market value, what's the incentive here, I can't get it

Hello everyone, thank you for all Your help here!

I have a seller financing deal with the following terms:

pp 100K, Down 20K, 5Y balloon, 5.99%, Amor 30Y.

1. The seller wants an interest only payments for the next 5 years. Is there any reason for the seller to do that? he's getting the principal anyway at the end, so why not agreeing on payments of P+I on this loan. 

2. At my end, is there any reason to pay interest only except for the sake of paying smaller amount?

3. I'm about to pay 5y of interest only, on 80K, amortized for 30Y. how do we determine what would be the fixed interest rate here, In a case of interest only payments? in all the mortgage calculators I get the amortization and the principal and interest are changing every month.

Thank you again!  

Good Afternoon.

I'm getting into a seller financing deal as a buyer.

I'd like to know if there are any crucial things that I have to have on the agreement, and are there any legal things that have to be on it.
also, if anyone has a seller financing agreement to send over, that'd be a great help!

Thank you very much, I learn so much here :)

 What kind of partnership would you be offering?

Hello everyone. I'd like to consult with you about my issue.

There's a contractor that we've been working together on a few projects in the past two years, I can tell that he's very experienced, and very reliable. But, on the other hand, he knows his value and his pricing is sometimes outrageous.

I tried to explain to him my point of view, and reflect the idea of losing deals or spending too much on rehabs.

So, that's the place I need your advice.

Is that a deal breaker, or his other values are good enough for the situation.

Thank you!

Thank you very much guys for your answers!
Do you know any place that I can do a further reading?

Thank you very much guys, I appreciate this!

So assuming that I found a building at 7% cap. I'm trying to figure out what the "correct" or the "right" IRR rate would be

in order to determine whether it's a good deal of not.

I feel like I have a missing piece in my puzzle here :)

Good evening guys, Thanks for all your help here!

There's a couple of things that I can't wrap my head around

1. When we buy a MF we can calculate the cap rate using the PP and NOI. But how cap I project what it would be selling for in 5 years?

also, it seems like I need to low my projected cap rate when selling so the building price would go up accordingly

2. How do I use the IRR to Project the sell price?

Thank you in advance for the patience! 

Hey all.

I'm taking an online course on Udemy, and we've arrived to the attached spreadsheet.

I can't understand how did he get to the loan payment amount, and the leveraged net cash flow.

Could you please help me out and explain to me the math here?

Thanks much!