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9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
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11 December 2024 | 37 replies
We had to evict one and the second didn't pay rent for a year.I switched over to GK Houses which is now Evernest and compared to Zeker, the experience has been quite positive so far.
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11 December 2024 | 13 replies
And we're still seeing deals here that are positive cash flowing with lots of potential for appreciation.
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8 December 2024 | 1 reply
The seller was willing to do a carryback in the second position and the bank was the primary position.
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12 December 2024 | 49 replies
If I were in your position, I wouldn't worry until proof of the contrary because you should be ok if the business is running well.
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11 December 2024 | 11 replies
If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.
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10 December 2024 | 39 replies
Positive is it’s VERY nice.
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11 December 2024 | 35 replies
Appreciation rates are solid and deals are still positive cash flowing.
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12 December 2024 | 5 replies
Over the summer, we got a “house manager” position at a very elite clients multi-million dollar property.
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9 December 2024 | 4 replies
If you really want to supplement your income, my thought would be to take out a HE loan (or some other 2nd position loan) and use that to fund a down payment on a property.