
29 January 2025 | 5 replies
Best of luck moving forward with your sale though!

28 January 2025 | 4 replies
Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.

28 January 2025 | 14 replies
We are considering investing, wondering why you regret the deal??

27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.

7 February 2025 | 2 replies
Retail sales so far are +.7% MoM and +3.8% YoY.

4 March 2025 | 35 replies
I'm wondering if there's a way for me to reach out to them and prove I'm the owner if they've never heard of me.

24 January 2025 | 10 replies
As David indicated, look for properties before you close on the sale of your relinquished property.

29 January 2025 | 21 replies
This way in case of “default” we don’t need to go thru foreclosure, or bankruptcy litigation since we already own the property on a sale/leaseback/option arrangement.

21 January 2025 | 6 replies
Just wondering if anyone has an recommendations on reliable resources thanks in advance 29 rentals if they are at full occupancy, depending where they are located, should be great cash flow.

28 January 2025 | 12 replies
Ensure that the mortgage is assumable, and confirm that there are no due-on-sale clauses that could trigger the full loan balance.