All Forum Posts by: John Roeder

Looking for investor friendly lenders for single family and small multi family properties in Indianapolis. Any recommendations?

got it. Thanks!!

I really appreciate the honesty. Thanks. BP is awesome. Literally answers in minutes. 

wow. Sounds awesome. What does 12k in rehab consist of?

makes perfect sense now. Thanks!!

Hello guys and gals, On my long commutes my mind wanders as I listen to BP podcasts and I stumbled upon and idea. However I have no idea if it's a thing or even possible. The idea below: I purchase a house all cash for 100k Sell the home via seller financing Let the loan season for about a year or two Then sell it on the secondary market. Now it's my under standing that note investors like to purchase these at a discount. And with the total loan payoff amount for a 100k loan over 30 years at 6% is $215000. Well if I sell the note in a few years for 75% of its payoff value, I would sell it for $161000. Therefore profiting $61000. Is this a thing? Or is this possible. Are there key points I'm missing? Seems like a great deal and win win for all parties. Someone gets into a house they may not have been able to qualify for otherwise. Someone makes money on the sale of the note. And an investor gets a cash flowing note at 25% discount.

Hamilton

Would a 10% from me 10% seller carry back and 80% financing be more realistic?

This is not a flip. But I have found substantial upside in the numbers. Multiple expenses were being way overpaid. 

Hello guys and gals, I got a deal structured where I got the seller to carry back the 20% down payment for a 6 unit complex. So I'm in the market for a commercial loan for the remaining 80%. Any one got any recommendations on banks. The property is in Ohio and the seller is carrying back $37,000 and I'm responsible for the $145000 (80%) through bank financing. Im not opposed to any private lenders if the rate and terms work.