Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?

Yes, you can use a bridge/hard money loan to secure a property and then immediatley refinance into a 30-year loan.

@Michael Hague If you have a security deposit it may be best to deduct the amount you have from what is owed and just move on.

If this happens and you think he's abandoned the place, you can go in and secure the place yourself.There's some youtube eviction videos that may help you.

If there's competition for the property, you might need to provide a price first and renegotiate later, especially if you have a contingency for well and septic issues.Step 4: Fixing the SystemsAfter securing the property, we start the permitting process for well and septic repairs immediately.

It's less likely (in my opinion) that governments will pass broad, sweeping legislation against STR's in an area that they've already established a robust process for how someone can do it legally.

So, one NEEDS to have a secured server service.

From my perspective, when BRRRR'ing the most important aspect is the quantity of deals you can secure at values below the ARV in a given area.

Standard down payment for a new primary mortgage typically range between 3%-5%If you need the rental income from the home you are departing you typically will need a fully executed lease and proof of 1st payment and security deposit

As mentioned above: if you paid some sort of “bribe/incentive” to the seller  you’ll need the receipiant’s social security number and they’ll need to declare the income.