All Forum Posts by: Sam Stout

Hey there,

     I have 3 mortgages right now, all conventional and I'm wondering about nonrecourse loans.  I have a vacant lot in the San Francisco area that is completely paid off but just sitting there.  I am not building a home on it at this time and wonder, should I use it as collateral to get another loan to buy another multi-family?  That way, atleast the lot is making money right?  Can anyone give me some advice on this?  What are %'s usually on a nonrecourse loan?  Thanks!

@Kevin Foster is a WRAP still ok if the lender has a Due on Sale clause?  I am in the middle of a deal where I have 330k left on my loan and someone wants to buy for 650k with 0 down.  I am willing to finance @ 6% for 30 years but only if my lender wont ask for loan remainder if they find out.  Advice??  Thanks!

Can you tell me more to [email protected]

Thanks

Can you send me the P&L for this?  [email protected]

Thanks

A gorgeous farm in the budding town of Nevada City.  The lot is made up of two 4.3 acre parcels, a 2500 sqft house with a seperate two car garage with a 750 sqft studio above.  The studio alone rents for $1000.  The grounds come with sauna house, 2 greenhouses, gym, fruit trees, gardens and livestock areas.  The top 4 acres is fenced.  This is  a mountaintop farm with 280 degree views of the Yuba River down below.  It's a true gem.  I will owner carry with 330k down @ 7% for 30 years.  It's a turn key farm, ready for a family.  

@Garry Whiteley Contact me.  I have a great office building in Truckee just hit the market and fully rented with yearlong leases.

Please contact me too 

Does anybody have recommendations on good property management in Akron, OH?  Or bad ones??

Thanks!

Brian, send me some info please to [email protected]

Thanks

Any owner financing on this for a quick closing?  send me more info to [email protected]