All Forum Posts by: John Thao

No way. First of all, "This loan calculation" is not a term that we use. They seem to be saying it's a single-pay note, or a "One-Pay", but the wording is sketchy. The kicker, however, is when they get to the 2% rate. Ask yourself this...the 10-Year US Treasury is trading at 4.060% right now. If you are an investor and the "risk free rate of return" is 4.060%, why in Heaven's name would you do a riskier loan at less than what you are pretty much 100% assured of getting your money back? No way this is real...SCAM ALERT!!!

Thank you Doug it did seen too good to be true

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Quote from @Chris Seveney:

@John Thao

This falls between the tooth fairy and Easter bunny in terms of being real

Thanks Chris love the commentary it is reality though.

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Need help in clarifying when you would assume the loan of the seller and what that entails.

Scenario:

8.5M home with NOI 516k but has A debt of 1.7M left at 4.3% interest and 8 years remaining. B debt of 1.6M at 3.43% interest and 8 years left.

Would this mean that there are approximately 6M in equity and would the buyers price be the 6M in order to assume the loan?

Need help.

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Quote from @John Thao:

Any and all lenders please see if this is a legit agreement.

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Any and all lenders please see if this is a legit agreement.

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Quote from @Devin Peterson:

Quote from @John Thao:

How do you validate PML?

Do you mean vet? What type of deal are you seeking financing for?

Devin Yes, I reached out to some folks on FB and got a whole lot of offers from different people claiming to be PML. 2 I spoke to offer 1% origination fee with 6% interest and a 100% LTV.

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Fort Lauderdale, Florida

Quote from @Devin Peterson:

Hi Carlos! There are a lot of us on BP that can help out with this happy to connect and discuss in further detail what your actual goals are!

Devin,

I am interested in what you have to offer are you a Private Money Lender?

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Tampa, Florida

How do you validate PML?

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Fort Lauderdale, Florida

Dylan thanks for replying back, yes I've gotten in touch with a few lenders here on BP however, the ones I talked to so far are not so upfront and helpful with newbies. Do you by chance know of any good lenders you have worked with in the past?

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All Forum Posts by: John Thao

John Thao has started 10 posts and replied 24 times.

Post: Checking on Blue Giant Finance (IL)

Post: Scam or Real

Post: Scam or Real

Post: Assuming an Existing Loan

Post: Scam or Real

Post: Scam or Real

Post: Private Money Lenders

Post: Private Money Lenders

Post: Private Money Lenders

Post: Best Recommended Lenders In California