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10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
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11 December 2024 | 3 replies
Most of our investments we look at IRR (time value of money) to determine which investment is a good fit for us at this time - which factors in returns, risk and time of investment - is it a short term investment we want to get appreciation play or long term fixed income investment.
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11 December 2024 | 5 replies
An estoppel certificate fixes this problem.
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16 December 2024 | 8 replies
Realistic because I see people do this all the time, but hard because the amount of deals and capital it takes to get to 10 K passive per month is no joke.
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10 December 2024 | 2 replies
I'm a first-time fix-and-flipper considering working with Investor's Edge.
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8 December 2024 | 26 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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12 December 2024 | 13 replies
There is a tremendous amount of bad information being spread here, so be careful who you're taking advice from. 1.
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11 December 2024 | 12 replies
They came across too pushy and didn’t get enough detail and when you’re new to something and about to put an abundant amount of money somewhere, you want to feel safe and like you have all the information and I just didn’t with his team.
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11 December 2024 | 6 replies
This shock factor often leads them to question what other elements of the house may need updating, even if the paint is a relatively easy fix.
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11 December 2024 | 37 replies
Once my tenant issue is fixed and I'm ready to re-rent, I may go with Alliance Wealth Builders (found them through Real Wealth Network).