All Forum Posts by: Mitch Huffman

@Garet Gavito

We're located in Cincinnati, OH and specialize in working with OOS investors. We have found great success with SF and MF BRRRR properties out here. Along with our GC company we are able to get out clients well taken care of and into multiple investments!

We should talk!

@Parker Foley

Happy to help! Feel free to get in contact!

Hey there BP! 

I am looking at seller financing our new home.  The deal is as follows.  

Purchase Price: $625,000
Interest Rate: 5.5%
Loan Length: 60 Months
Downpayment: $40,000

Monthly Payment: $3,321.57 (Based on 30 year Mortgage, $585,000 Loan Amount)
Total Paid in 60 Months: $199,294.20

Total Interest Paid: $25,400.77
Total Principal Paid: $173,894
Total Paid: $199,294.77

Balloon Payment Due After 60 Months: $411,106

Buyers will refinance on or before October 2027

Seller has a current mortgage on the property.  We want to give them what they are asking, so just taking over their payments subto won't be enough.  

How can we structure this deal and what paperwork do we need? 

Thanks!

@Jeremiah Bruch

Welcome to RE Investing and the Cincinnati area!

@Rodrigo Serzedello

Just messaged you!

@TJ Adams

I’ve had the same experience and it’s incredibly frustrating. Wish I had a good company to refer my clients to.

@Lamont Marable

Unfortunately Youngstown is out of my area.

If you asked me those questions for the Cincinnati area I would have great answers for you!

@Mike Messink

Would be happy to help you kick some a**!

@John Acklen

Dennis Stemler is the structural engineer I use. He’s great and not super expensive. I would be happy to share his number with you.

He use to be the chief engineer for Hamilton County.

@Evan Zeigler

Welcome! I have an Industrial Engineering degree, but have chosen to build my real estate business instead.

If you need an agent in Cincy or just have any questions please let me know! I work with a ton of first time investors, and invest myself.

Good luck!