All Forum Posts by: Mark Libario

Wow! Great job on this one! 

I dont even know if what i posted made sense. Please put a good scenario number to finance the house and a good seller finance price for the seller if mine doesnt make sense..

Hello guys! I just want to solidify my understanding regarding partial seller financing since I didnt get to fully understand it at No Money Down Book. What does it mean if a seller carried a note on a property to help you finance it? How much is a typical good interest if ever to propose? Lets say youret buying a property for 400k Mortgage balance :200k Private Lender financed 300k And seller carried a note (carryback?) 100k Whats a good deal or plan on paying the seller? Thank you!

Thanks for the input guys! 

If i were to pay 5% interest for example and pay down the loan for 5-10 years. Should it be calculated like a mortgage?

And if i were to pay the principal down with profits, and then split 80:20, until when will i need to split profits

Hello guys, Im planning to buy 3plex/4plex and it's selling for around 300k. However I only have 10k available cash.

If I were to put a down payment of 20%, i don't have enough. What's another way of funding this? I'm thinking using a private investor (not HML). I know some people who have the money and its just sitting at a 1.75% interest rate at the bank. What would be a good deal for them if they would lend me 50-60k for the downpayment?

What would be a good interest rate and the exit strategy to pay of the loan? Refinancing in a year?

I can afford to put 5% duplex properties but I would need to live there (here in Canada, its similar to FHA but with a 5% down) the problem is I do not want to move yet because it's far from my school and my work.

Any ideas, tips, and suggestions would be greatly appreciated! 

Thank guys for the answers! I appreciate it! Im actually looking on getting my first duplex before the end of the year!

Thanks for the input. My main goal is really accumulating units. Just wasn't sure which one to start 😊

How do HML's work? If I bought a property that costs 150,000$ Can i fund it 20% through HML's and financed by the bank the remaining 80%? Let's say i got 30k from HML's for 7% interest= 175$/month. When do I pay the 30k? Or do i just keep paying interest and until I sell the property and give back the 30k? Is this a possible way of financing too?

Hey guys, Im thinking of jumping on board but which one would be better in my situation as an investment? I did some numbers on a duplex where I'm breaking even on the first year, free rent and rent out the 2nd unit the 2nd year for that extra cashflow 400-600$/month approximate. Or a single family unit that earns 200-300/per month net income? Lets say both properties are at 150k, 5% down on the duplex, or 10% down on the single unit

Based on your report and your reported cashflow of $115.00 and total money invested of $27,000 (down payment, upfront repairs, closing costs): Cash on Cash return: Yearly Cashflow/ Total Investment = 1380/27,000 = 5.11% return. It's up to you to decide, if that return is good or bad. I think a higher return would be great.