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11 February 2025 | 20 replies
@Matt WanIf you are seeking conventional or agency financing, the answer is No.
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24 January 2025 | 7 replies
So far, I have been fueled by passion and determination but I do not have any mentors and have not had a lot of guidance at all as I have obtained these properties.
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17 January 2025 | 9 replies
I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area for a medium rehab project.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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27 January 2025 | 8 replies
@Mike Klarman - Thanks for your guidance.
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20 January 2025 | 6 replies
thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.
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26 January 2025 | 2 replies
Any guidance would be greatly appreciated!
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31 January 2025 | 6 replies
Readers should seek professional advice.
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5 January 2025 | 2 replies
NEED HELP: I am looking for assistance in lawyers and other experienced syndicate mangers to seek advice and some guidance.