Just launched in November have 10 members, meet bi-weekly via a Virtual Call (Zoom), shared FB group and shared google drive docs where we keep each other accountable and provide constructive criticism.

(the down payment is completely relevant to the seller)Interest- 7% is pretty standard...it's a premium paid for consideration in carrying the noteAmortization- 30-years is typicalPayment- I would look for the actual P&I based on the amortization schedule, but again, this is relative to the sellerBalloon- 48-60 months is common, and this is completely up to the seller as well (If sellers are leary of the time frame, I always agree to attempt a re-finance sooner...but no guarantees)Some extras:I always pay the listing agent's commision based on the transaction price...otherwise, you can structure a partial commission the first closing and a second commission when the balloon is due...waiting 48-months for the rest of your commission is crazy, thoughWe pay all the doc prep fees (note/mortgage/amortization/assignments/personal guaranty) Typically around $300, so not bad.- use the attorney at title and add it to the HUD-1We use a clause in the note that waives the right to defend a foreclosure in default, so the property returns to the seller without contest (varies from state to state I imagine)We also pay the sellers closing costsAll of this stuff is negotiable...you can always push things with these...like lower the down payment and have the buyer pay all your clients fees and your commission, etc.Give me a shout if you want to chat more about this topic.

You may have other damages if the water leaked into areas where it shouldn’t.

Estimated rehab is $175,000.I was able to negotiate the price down to $230,000 and the ARV is $600,000, so luckily, there's a lot of meat on the bone.At one end of the house, there's a big leak in the roof and that wall seemed to be sagging as the door in that wall was jammed shut. 

Hey this lender that I’ve never heard of messaged me on Instagram and is offering me zero doc nothing down 3% rates on a 30 year term for 100% LTV for new “ flippers” .........

Next question is what to do to most protect the cabinets and floors from water leaks?

Just launched in November have 10 members, meet bi-weekly via a Virtual Call (Zoom), shared FB group and shared google drive docs where we keep each other accountable and provide constructive criticism.

I have a flat-roof, single-family home in Camden, NJ that sprung a pretty substantial leak in the roof last night.

I believe it's a contract pertaining to the lease of real estate for more than 1 year has to be in writing.See:https://statutes.capitol.texas.gov/Docs/BC/htm/BC.26.htm

I am considering using ePipe to resolve pinhole and slab leaks, rather than a complete repiping project.