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4 September 2024 | 5 replies
Reasons to sell the seller on the Owner financing might be, because you are going to do a substantial rehab to the property, or that the property doesn't have any buyers, and this is a way to sell the property.Seller Financing works a lot better when there is not a realtor to pay, where a realtor's commission could be 6%, which on a $300,000 Purchase would be $18,000.An additional option you might consider if you are looking at purchasing this property to do a flip, or fix and rent, is you could propose seeing if the seller would partner with you, and you would secure a Private Loan for 50% of the sales price, plus the rehab, and if there is enough upside equity, you would probably be able to do a cash out refinance and pay off the seller that way.
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3 September 2024 | 6 replies
If there are HOA restrictions, you can list this in private remarks so other agents can share it with their clients so as to not deter buyers as well.
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8 September 2024 | 101 replies
We have about 100 class C properties in Northeast PA.Most purchased and rehabbed below 40k a building.We use a private lender because it's hard to get a bank to do loans this small.
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1 September 2024 | 9 replies
After 45 + years investing in, purchasing and selling notes and real property; structuring “deals”, running investment funds and syndications, I have observed that many (most) investors both hesitate too long gathering too much information before making an offer AND do not do enough investigation, analysis and due diligence before they finalize a purchase.Seems like opposites, right?
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3 September 2024 | 5 replies
@Alessa LeSar: We have a couple private money lenders in our Asheville BP meetup network that would be eager to finance you.
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3 September 2024 | 0 replies
Private Money How did you add value to the deal?
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3 September 2024 | 0 replies
Private Money How did you add value to the deal?
2 September 2024 | 8 replies
I've never used QuickBooks, but after investigating, it seemed that I would have to go with the Desktop version (versus the cloud based version).
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3 September 2024 | 0 replies
Private Money How did you add value to the deal?
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3 September 2024 | 0 replies
Private Money How did you add value to the deal?