All Forum Posts by: Jeremy Fields

I am working on an owner financed property that is currently tenanted. The seller has requested information on my other investments to give some legitimacy to my business and help ease her mind that she wont be filing a foreclosure proceeding against me in the future. 

Does anyone have advice on information I could include in a portfolio? Or better yet, any examples out there? 

I'm looking at a property in a nearby college town that currently has a 9% cap rate. I have talked with some guys in a fraternity willing to rent for more than current rents, which create an 11% cap. For me, this is great, as it's very hard to find good deals in my own town. Typically 6-8% is the best you'll find. However, my major concern is that avg DOM for this college town is 180 days. I also do not expect much appreciation in value over the next 5-10 years. Does this make for an investment with too much risk? I'm all about positive cash flow, but should I seek deals that also will see increased value, so I can make money on the back end too?

Thanks Kevin. I actually meant knocking on the door of the address listed for tax purposes.

Has anyone tried knocking on the door to the owner of a vacant property? Pros? Cons?

Thanks Nick. Those calculators give the monthly payment as a result to certain input criteria. I want to work backwards starting with the payment and the figuring out the interest. Or maybe it's just a matter of saying my payments is X and Y dollars will be credited back?

I am working on my first purchase will seller financing and having a little trouble calculating payments. I will be offering $200000 and like to pay around $800/month. How do I calculate the interest, which in turn gives me the amount owed when the balloon is due in 5-10 years?

I am evaluating a property that has great profit potential, however I have an issue with access. There is no street parking and no driveway. On one side of the property is a vacant lot owned by the city, that would be great for access. On the other side is a small commercial parking area that could be utilized if the owners are willing, however this is the least ideal option. What can I do? This is a wholesale property and I'm sure other offers will be contingent upon finding access...I'd like to be more competitive and not have the contingency, however I don't know the likelihood of fixing the problem. Advice??