All Forum Posts by: Yusuke Koike

Thank you for your advice.
It's for investment purpose, not for primary residence.

If the seller is very motivated to sell, they could accept 4-5% interest easily. But most of them does not want to 100% finance. In that case,
40-50% seller finance
50-60% finance

For investors, there are two merits
1) seller finance portion is at lower interest rate than another portion from the lender
2) maximize leverage
 

 Thank you, Mason

Yusuke

Hi, Grant

Thank you for the information.
I will contact the lender.

Yusuke

Hi,

I own one rental property and just started managing it last month.
I wanted to ask professional investors how to step up to owning 10+ unit apartments from owning 2-4 unit apartments.
When taking loan with commercial lenders to purchase 5+ unit apartment building, do they require enough experiences in rental business?

Yusuke 

Hi

Does anyone give me a professional advice on seller financing?

As you know, recent interest rate has been increasing. 
This increase killed my deal so many times. 

Do lenders generally NOT allow a borrower to bring a down payment by using seller financing?

e.g. I purchase a property at $300K

1. Seller accepts seller finance for 40% of the price.
2. I will put a 10% down.

Do you think there is a lender who would be able to fund another 50%.  

Yusuke

Hi,

My name is Leo in Illinois. I'm a newbie of real estate business. Does someone recommend a 504 loan to an entry level of investor to purchase a real estate? I formed a LLC last year and it does not produce any profit yet. Should I apply for SBA loan after making a profit?

Leo  

 
Thank you Chris for your advice!

Leo

Hi,

I am doing a direct mail to property owners. When they call/email me the very first time, how should I introduce me to them for wholesale deal?
"I'm a wholesaler" "I'm an investor" "I'm a just buying a property". what is the best to describe me to the property owners?

Yusuke

Hi, 

My name is Leo and I get the very first deal under contract and I will move out the current residence to the new property. I will rent out the current residence and I still owe a mortgage on the property. Generally, does the lender call a due on sale if I transfer the title from my name into my LLC?

Leo

Hi, 

My name is Leo. I'm a newbie of wholesale and let me ask you a very general question.
When I put an earnest money and then find an investor-buyer, will the earnest money I put be refund to me when the deal get closed?