All Forum Posts by: Account Closed

@Chris Simmons Thanks! Do you ever have any problems refinancing within a year?

@Arlan Potter Ok seems simple enough. Thank you.

@Arlan Potter So I don't pay any principal until the balloon payment at the end?

Ok, and how do you keep track of this? @Arlan Potter 

Hello everyone. I'm currently working on buy my first rental property. I have a relative with some disposable income. She is looking to invest, and said she'd be interested in funding some of my deals. I would need about $25,000 to 30,000 from her to close the deal. If I were to promise a return on her investment, how would I determine what's fair? Also what documents should I use to promise her that return on investment? 

@Bob E. Who typically can do this for you?

Mobile app to do this*

Hello everyone. I'm curious, about how you go about tracking the balances on seller financed deals. Is there a computer program or mobile to this? 

Is there a place I can find laws regarding seller financing laws for Puerto Rico? Or if anyone is familiar with such laws and could explain what the rules and regulations are.

Shane your post couldn't have been more helpful. This was exactly what I was looking for. Thank you. I'm gonna start crunching the numbers. I'm sure I'll be back with more questions.