All Forum Posts by: Roman M.

Finding a bank that will lend against the note is a real issue at hand. But in theory is a fun project.

I don't think that a private money investor will want to assume all the risk. 100% financing doesn't exist anymore. 

You have to have your own equity in the deal or find a partner who is willing to risk his/her money.

In a financed deal the biggest risk is a downpayment so not sure who in the right mind will fund this. 

I am in the market to buy seller finances notes. You have any you want to sell?

if you own a taxlien certificate why would you pay anything on the property. If You don't have title then you will be voluntarily paying someone else's bill. So no it's not recoverable.

You need to be a more detailed in your question if you want the right answer. We can only guess if you referring to:

Certificate of title or tax lien certificate?

Yes. Shop around. I just saw a 13m loan closing at 5.75% for 5 yr fixed. 

You might see a higher rate but it is all about who will actually funds the loan. 

Forget about the rate.

If you fund over the purchase price why would the borrower want to complete this deal. They need  to have their own money in the deal all the time. At least 20% but I won't touch anything for less then 30% in the deal. 

If they don't have that then  forget about the rate. I don't print my money like the bank or a money fund. 

Return of the capital is more important then return on the capital is a golden rule for me. 

borrower must have skin in the deal.

It doesn't look like they do. So I will NEVER fund this unless I am bored and I want to see my money get burned when this deal goes south and I end up pickup the pieces of this flip.

Best of luck. 

If numbers makes no sense then don't buy it. Your area probably has very low cap rate due to huge demand and everyone wanting to buy and pay top dollar. 

So if cap rate is 6% and you borrowing at 6% then you won't make much money unless the rents are going to rise.

You should try to renegotiate or look in a different area with higher return

give it to collection agency to collect. They will do it on % basis.