FHA will normally accept seller concessions of up to 6% for closing costs and prepaids.

Pre-paids must be paid by the buyer, per diem interest, insurance, tax escrows and PMI/MIP, other closing costs may be paid by the seller or others, depending on the type of loan.

Just join Legal Shield (Prepaid Legal). 

Join Legal Shield (formerly Prepaid Legal) and will get a discounted price. 

You will still have to repay $100K.Points are considered pre-paid interest. 

I really could use the extra money I'd save from not having to use my own money for the down paymentAnd this will be an FHA loan , with the closing and pre-paids all rolled into the loan ( I have already discussed this with the seller )Thanks for any input and help - Michael

So unless the principal is prepaid the balance would only be $277.78 less than last period and the interest charged would on the remaining balance would be 5%.  

Just contact me.Cost approach: Take my project cost estimation and update the data based on your local info: Example;$250,000 5 acres level ground $50,000/acre$ 60,000 5 acres rock fill $12,000 per acre, levelled$ 40,000 5 acres fence$ 25,000 Automated gate$ 10,000 Saw something about electric fence$ 30,000 55 LED lights and lighting; w/ poles$ 30,000 Security system$ 25,000 Office/bathroom/storage$ 10,000 Misc equipment$480,000 Rough dirty estimateRevenue side:30 ft space is $50 with prepaid 6 month lease required.

Hi, What I need regarding long term commercial financing:  Need to use my own appraiser<75k loans Able to "buy" out of prepaids and/or adjust. 3 month seasoningProvide min credit score.

Think about 1- the out-of-pocket expenses (almost everyone gets this wrong)...and include all costs very conservatively...this includes things like the down payment, the inspection, appraisal, prepaids, points, closing costs, etc (find a good closing cost estimator or contact a local title agent to get buyer costs in your area)...and the extension of that is the condition of the property and needed repairs...if repairs are needed, that cash is coming out of your pocket....and you are paying property taxes, utility bills, to keep the yard up, etc...holding costs can grow very quickly if you run into renovation delays. 2- the relationship between the income the property produces and the purchase price. 3- realistic operating expenses...we've been able to run almost everything we manage at 20-30% of income...this isn't easy...most properties operate at 40-50% of income. 4- your goals...since you are a smart investor, you are not basing your decisions on cash flow, you are looking at long-term value, appreciation, debt-paydown, and most important, equity.That said, if you are buying a $60k property with no repairs, occupied at $800/mo. and operating at 40% of income, your ROI is through the roof on paper...but finding your true ROI is a more difficult task.What numbers are you using to analyze this one?