All Forum Posts by: Devin Cokley

Quote from @Ellis San Jose:

There is no "normal" with seller financing. It's what terms both parties will agree. 

Do you agree to pay fixed $3,000 per month? $10,000 quarterly? payment based on performance?(gross, net) combination of fixed plus?

Payment of $x until total amount of $y is paid? Payment of x for first 3 year then increase to z yrs 4-8.

The possibilities are literally infinite.

 I see! thank you so much, youve been a huge help :)

Quote from @Ellis San Jose:

The basic main components are: Payment amount, how often, how long, total purchase price.

I focus on the payment amount not the interest rate. Will the asset support the agreed upon payment?

So would i structure how long and how often like " property generates X per month, monthly payment to be 50% of X for however long it takes to pay it off (would calculate)?
or is there normally like a balloon payment or?

I've done a fair share of researching but some things I havent been able to get very clear answers on.

I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and negotiate terms that benifit both of us that I can still profit with the business.

I guess im looking for a clear cut of all the parts of a seller finance deal, how to structure it, and how to negotiate it if countered. 

example, If i put 10% down, they finance 90%, whats a good or bad interest rate if any, how long of a term, what should the payments look like etc

any advice would be a huge help to not only the laundromat but Real estate in general!

Thank you!

Hey Everyone! I know a little bit about Multi-Famliy Syndication and I really want to learn more and specifically learn how to get started in this. I would love to hop on a call and or meet up to talk about this!

My name is Devin and im 23 Years Old, a licensed Realtor and future investor, I really want to learn and take action on as much as I can.

any advice for starting out and where to begin would be greatly appreciated!

Hello Everyone! My name is Devin and my friend and I recently started working towards an AirBNB arbitrage business. We started an LLC, got EIN and all that, business checkings with AMEX and Business Credit card with AMEX for 8k, Building business credit rn.

I guess im on here hoping to meet a couple new people who actively do this who would spare some time to meet or call and so I can pick their brain! I'm starting to get anlysis paralysis and i like to be very prepared before pulling the trigger so having some more advice and someone to talk to would be awesome!