All Forum Posts by: Kevin Prasad

Thanks for taking the time to reply, all! Really do appreciate it and immediately see the value of this forum. 

In short, I was getting too cute with a seller financing idea. The fact that it would be a second position is a great reality check. I can get regular financing, but was attempting to keep myself liquid for the renos. 

Wishing you all a great holiday season.

Kevin 

Hi all, I’m looking to negotiate a deal thats a mix of seller financing and conventional lending. What are some pros that I can highlight from the seller’s perspective.

Here are a few that I’ve come up with:

1) monthly income at a higher interest rate;

2) avoiding a larger tax bill by reducing the purchase price (on paper);

3) a promissory note that they could potentially sell down the road.

Any other major ones I am missing?

I’m waiting to connect with the realtor to get more information about the sellers background / potentially speak direct to build a bit of a relationship. 

For further background, I’m looking to purchase a spot around 750K, but want to seller finance 100-200k of the price to reduce the need for a large down payment / keep myself liquid for renovation costs. 

Would appreciate your guidance/thoughts. Thanks in advance. 

Hi all, 

Making the move to Pittsburgh, and I'm looking to connect with Property Managers. Full transparency, reason being is that I want to connect to get insight into the market, and build a contact list. I'll be purchasing for my family (ideally side-by-side or up-and-down), and then into rental units. 

Best,

Kevin

Hey Anthony, would love to connect. Currently in the process of getting my business visa approved to make the move south (from Canada). We're seriously considering Pittsburgh as the destination spot (multitude of factors), but I'm liking the numbers from an investment standpoint. 

Best,

Kevin