Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!

I am already a licensed broker in NY and NJ, but I am ashamed to say I failed the broker's exam in Connecticut a few days ago.

Myself, I post 2 ads every single day, without fail.

A lot of the foreclosures and failed / troubled syndications used this debt structure, and people are hearing about it or experiencing it, and loathing floating rate loans when really what they mean is bridge debt.But floating rate bank or agency debt with long-term maturities is different.  

And there is zero equity buffer to protect your loan either, meaning the loan to value (LTV) is 100% which is super risky.I'm sure there are some that are confident in going this route because they know and trust the borrowers they gator lend to but people fail people they know and trust all the time -think divorce rates are low?

Im Canadian but because of the failing market here, I’d really like to put my money into the US market.

Failed.

The people who play victim always fail.  

They had situations it would take them months to even notice that a tenant failed to pay rent for two or three months. 

I've done the same as a seller, they screwed up and I terminated the deal, they tried to force the matter and they failed to give adequate consideration for the size and scope of the transaction contemplated and lost.