All Forum Posts by: Lindsay McLaughlin

do you still have rolls of available NPN?

hi - what part of Ohio are they in?

can you please send me your NPN roll? Thanks!

Still avail?

I have 5 properties in Dayton, Ohio.  All 5 are in great shape, are occupied with tenants and I'm selling with owner financing as an option.  Terms, prices, can be negotiated, but will require a 10% down payment.  Gross monthly rents are $3,233 from these 5 homes.  Please PM me to further discuss.

thank you all for your insight. Yes, I'm going to walk away from it. I have another buyer buying a few others so working to tie these into it. Thanks again!

Hello BP community....I have a few properties I'm discussing with another investor to sell them to him with owner financing.  They are turn key rental properties, cash flowing.  I would allow the note to season and then be looking to sell the note down the road.  The terms of the note would be 8.5% interest, 30 year term, with 10% down payment.  However, he has other rental properties nationwide, and he is requesting the 10% down payment be put into another note for a short term...like a 3-5 year note at a high interest rate.  Would this benefit me?  Could I still sell my first note on the rental properties showing 10% down payment?  Would this decrease the value of this note?  Could I sell the note on just the down payment, and at what kind of a discount and would it be considered a 2nd lien on these properties against him?  I would love to make this deal work for him and I, but it certainly makes me nervous....any insight would be greatly appreciated.  I've been active in notes for over a year, but not in this situation and for some reason can't wrap my head around it to know for sure it would be a profitable sell.  Thanks!

Hello BP community....I have a few properties I'm discussing with another investor to sell them to him with owner financing.  They are turn key rental properties, cash flowing.  I would allow the note to season and then be looking to sell the note down the road.  The terms of the note would be 8.5% interest, 30 year term, with 10% down payment.  However, he has other rental properties nationwide, and he is requesting the 10% down payment be put into another note for a short term...like a 3-5 year note at a high interest rate.  Would this benefit me?  Could I still sell my first note on the rental properties showing 10% down payment?  Would this decrease the value of this note?  Could I sell the note on just the down payment, and at what kind of a discount and would it be considered a 2nd lien on these properties against him?  I would love to make this deal work for him and I, but it certainly makes me nervous....any insight would be greatly appreciated.  I've been active in notes for over a year, but not in this situation and for some reason can't wrap my head around it to know for sure it would be a profitable sell.  Thanks!

Great story!  Congrats!  Real estate is so incredible with so many different avenues to make money and be happy doing it!

Happy Monday everyone!  So, I've had this chip on my shoulder for awhile about appraisals...and it's something I realize I have to accept but wanted to reach out for a discussion with other investors and get your take on these.  

I understand the need for appraisals..especially for lenders to be sure the property is a just price for what the buyer is paying, etc...However, the fact that there is SO much riding on deals with certain lenders, and other aspects of the real estate world on appraisals is really frustrating to me. Here is why...my good friend is actually an appraiser and she has even told me that appraisals are really very subjective. I completely believe this! You take two houses right next door to each other...both built 3 years ago for example, brand new (basically), same square footage...but one house is custom built - there is no house anywhere with the same floor plan, and the other house is a contractor special, with 3 other houses identical in the neighborhood. The custom home has the high quality carpet, soft close Amish made amazing cabinets, 18' ceilings wiht an 18' fire place, etc...the contractor house has contractor grade carpet, the cheapest kind of cabinet you can find with no molding, etc... However, they appraise for nearly the same amount. I asked her - how is this possible? She states, and I've witnessed it...that they don't touch, feel or anything to anything actually in the home. Appraisals show the condition in the home, new/not new/etc along with other things...but how can the true value of a home really be perceived by such a vague concept?? I've also personally had 2 appraisals on my home - these 2 appraisals, one for a HELOC and the other for the auditor were $250,000 apart from each other - I'm not complaining as it worked to our favor....but that is an insane discrepancy. When it comes to retail flips, this always seems to be the hold us as well, is waiting on the appraisal. I always find myself getting more upset about the appraiser and the whole process than the actual rehab....Any way, I will stop with my rant, but would love some feedback to help me get over this animosity towards appraisals. Again, I do understand there is a need for a type of appraisal, or perhaps a BPO to see that the value of the house really is there, but your input would be much appreciated! Thank you so much!