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All Forum Posts by: Jonathan Quesadilla

Jonathan Quesadilla has started 9 posts and replied 17 times.

Quote from @Hunter Reed:

Jonathan, seller finance is a beautiful way to finance a deal. If the seller is willing to seller finance I would begin to reach out and build a relationship with them. This will ensure trust and possibly even better terms. Tell the seller your WHY and future goals for investing in real estate, chances are they would love to offer you advice. As far as the deal goes you want to make sure 85%-100% of the property is paid off. You do not want to carry over their existing mortgage payments. Once that is finalized you can then discuss a down payment and interest rate. You'll need to show them proof of funds. Ask the seller about a ballon payment, because you may want to do a cash refi in the future. The cash refi is how you're going to own the entire property. Wait for the rates to come down. Other than that the asking price seems attractive enough to cash flow from the rent. All in all make sure that your monthly rent from tenants will cover the sellers finance agreement. Good luck!


 I appreciate your response. I contacted a real estate agent from Pittsburg's and got the terms from the seller. They are as follows:

20% down 30 year term 30 year balloon 11% interest rate and no pre payment penalty. Thoughts? 

Hello biggerpockets members,

I am a newbie investor looking to start my journey in the real estate world! I have yet to get my first property and am eager to get my first. I am in the NY market and as you already know, its quite expensive and the tenant laws are in their favor. I came across a house in the MLS in Pittsburgh Pa, Multifamily 4 room 2 bath. The price is only 160k and they are willing to seller finance!! I would perfer to seller finance since its easier than getting approved for a loan. How can i approach this deal!

what tool did you use to analyze deal?

Post: Excel file for analyzing deals

Jonathan QuesadillaPosted
  • Posts 20
  • Votes 9

Hello,

Does anyone know and have an excel file they use to analyze rental properties aside from the tool provided in biggerpockets? I would really appreciate it is someone had a template.

https://amzn.to/3n5fkzE This book does a good job relating the value of the market study to the inputs needed by developers and financial analysts and covers the topic in depth across property types. Great read

Hello! 

My name is Jonathan and I’ve recently learned about buying 2nd position notes. If you don’t mind, can you explain your process for acquiring these notes and how can I do so myself. Thank you. 

Post: looking for wholesalers

Jonathan QuesadillaPosted
  • Posts 20
  • Votes 9

Hello all!

I am a novice looking to start in real estate soon! My plan is to buy and rent out properties but in need of capital. I currently work part time and go to college full time. I was considering to start off by learning to wholesale and am looking to mentor with someone who has experience in this area.