This structure provided a balanced level of protection without being overly cumbersome - that said 3 LLCs was a pain.If you're inclined towards maximizing legal liability protection, you might consider creating individual LLCs for each property.

People who have no business being homeowners have the ability to buy homes.There is a balance between making home ownership attainable but not so attainable that it inadvertently brings way too many buyers in to play.

Hi everyone,
Alongside being new real estate investor in Indiana, and planning to utilize a buy-and-hold rental property strategy. I'm also a skilled handyman and was considering offering my services to other investo...

The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

You can certainly add some interest to this balance, let's assume 5% interest only, then he will have to pay additional $2625 which is equivalent 5 extra months of payment.

If a good deal comes up that I can only get 10 or 15 years, then interest only helps or if it's negative cash flow, get another with positive cash flow to balance things.Seeing how 85% of my properties are seller financed or "subject to", sometimes I get terms that I can't change and sometimes I can dictate what I'll pay.

I bought for $10,000 down and pay $1,000 a month to the seller with a balloon payment of balance by end of year one.

I would like a nice balance of both!

There’s numbers on a piece of paper that put seller financing in a great light.And then there’s the reality of seller financing being a bet on the buyer managing and maintaining a property well for years or decades while you still have skin in the game.And a bet that the value doesn’t decline by more than the balance of the debt.And a bet that the higher “price” received because of seller financing doesn’t come with opportunity cost in the form of being able to spend or invest the liquidity day 1.And the fact that buyers with seller financing always want better terms than a bank would give them, which is real economics that sellers are far less equipped than banks to estimate risk/reward on.Seller financing is relatively rare.

Your high income and credit should balance themselves out a little bit in a lender's eye and you would be hoping to refi out of these rates in 1-2 years if you can anyway.