Becca Pariser
Help me review this Seller Finance Deal
23 October 2024 | 1 reply
I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split
Jeremy Bourgeois
Houston Creative Foreclosure Bailout
23 October 2024 | 1 reply
We now have a cash flowing asset with $60k in equity built in, in a great neighborhood in Houston Lessons learned?
Matthew Christofferson
New Member Intro. Where do I start?
25 October 2024 | 8 replies
Primary residence has about 100k in equity.
Mario Casarez
What's Bigger Pocket's view on IG Gurus like Thach and Jake....
24 October 2024 | 55 replies
Lets say that their coaching was for a year and it cost them $10,000 and the average student bought 2 homes in the year and gained an increase in equity by $80,000 and they felt that they were confident in finding and purchasing good deals after the year was over.
Adam Rogalski
How should I finance a 10-unit apartment development?
23 October 2024 | 5 replies
a 2.5MM project with 150k is less than 6% of the total project in equity.
Rita Samaddar
Review of Open Spaces Women Portfolio Program - 3 mnth Cohort Prg
27 October 2024 | 25 replies
In 1 year, I made more than 10 times the amount I invested into the program- in equity and cash flow alone.
Felicia Otoo
Best refinancing loan
23 October 2024 | 8 replies
My most recent condo carries a rate of 7.99 fixed with about 90k equity the other carries a rate of 4.75 ARM with 80k equity The 3-plex has a rate of 3.45 fixed, over 250k in equity. 1.
Jeffrey Schwalm
Structure a partner buyout
21 October 2024 | 2 replies
I want to buy him out because the property has a 3% mortgage rate, has gained 100k in equity the last 4 years and cash flows 1k a month.
Adriana Collado Hudak
LLCs for each investment property?
24 October 2024 | 19 replies
Some have more than $1 million in equity while others have less.4.
Stuart Udis
What Syndicators Don't Want You To Know
26 October 2024 | 10 replies
@Arn Cenedella If you are raising up to $3M in equity, its going to be difficult to attract the larger check writer, so its logical for you to pursue the smaller checks.