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All Forum Posts by: Delmas Edwards

Delmas Edwards has started 63 posts and replied 128 times.

Post: Bitcoin for rent payments

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

Is anyone collection Bitcoin for rent, thoughts?

Post: Just a general question

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

Which one do you use @Alexander Zurn?

Post: Just a general question

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

What's the difference between AVM and Market Value?

Post: Advise needed for a deal in place

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

@Account Closed When do I find a tenant/ buyer before this transaction take place? 

Post: Advise needed for a deal in place

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

I have a property that the seller wants 60K on a land contract with 20k down at 6% and a 5 year balloon on 30 year amortization schedule. The house is valued at 57k . 3bdrm  1 bath 1200sqft. rents $850-900.  I'm offering 10k down at 8% with sales price at what they are asking. Monthly payments would $550 with taxes and Insurance. I want to do a rent to own with this property. Is it possible?

Post: Subleasing on Land Contracts

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

o ok thank @Account Closed for the information.

Post: Subleasing on Land Contracts

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

If I wanted to buy on a land contract and then sublease the property out to a tenant could it work in the state of Michigan?

Post: Cash out refinance from land contract

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36

Seller financing/Land Contract on $84,900 with $8000 down 10% interest.
25-year land contract with a monthly payment of $698. How much equity do I need to do a cash-out refinance to pay owner off?

Post: Need a partner to finance deal

Delmas EdwardsPosted
  • Warren, MI
  • Posts 140
  • Votes 36
I have a deal purchase a SFH 2bds 2 bath 1400sqft Purchase price 12k rehab 15k ARV 40k . I want to do a BRRR. Is there any lenders that would do this deal? Most lenders I talked to start off at 50k min.