Felicia Vinces
What makes a good seller financed deal?
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.
J. Mitchell Bernier
Valdosta, GA Market Update
29 December 2024 | 4 replies
Valdosta GA Market Update: Dec 2024It’s been a while since I have been active on BP, but I am back!
Shiv Jey
Buying distressed LA properties after the fires
15 January 2025 | 1 reply
Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.
Beau Alesi
Looking to buy
25 January 2025 | 7 replies
If you layout a path it may not go the exact way the plan is laid out, but you have a target that you're aiming at getting to and a lot of the secondary decisions fall into place and are clear when you know where you are headed.Congrats on being in a great place with real estate and options!
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
This usually means all updated electrical, plumbing, and roofing.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
The platform aims to provide investors with everything they need to run and scale a successful real estate investment business in one place.
Tonya English
Launch Your Leads Scam
27 January 2025 | 65 replies
Makes me feel more powerful Guess what guys…I have an update call scheduled with Tom this coming Tuesday.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Aiming for larger properties on your first deal (100+ units) is definitely very ambitious.
Themis Kosmidis
Cleveland based investor looking to BRRRR various assets for the long run
27 January 2025 | 4 replies
We recently acquired our first commercial multifamily property, so I understand the transition you’re aiming for.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
I would assume they are providing frequent updates to investors on a monthly basis, including status updates, property updates, and fund updates to maintain communication.