Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

If you sold after one year, you would net $46,400 (assuming closing costs/commissions are $15,000). 

I would assume there are other non-drinkers who would welcome a non-drinking environment. 

We are not currently under any sort of contract and we just found this thread through a google search on Lendbase.We are currently working on a construction loan to develop some residential lots, assumed the Mortgage Broker would be on the up and up... had some sales-ey call with a guy out of Utah. 

I'm assuming I should be somewhat prepared before doing this, as I don't want to come across as a "not serious" waste of time to any agents or borrowers.Since I only want to lend locally, how do I get my name out there to start my search for borrowers?

If you have a RE attorney and mortgage broker then I am assuming you are using some type of joint venture or participation agreement to outline who gets paid what and who is in what position as you tranche the loan.

Assuming:- $300,000 gross scheduled income- 30% operating expense ratio (resulting in $210,000 NOI)- $1,385,000 loan at a 6.7% interest rateMy calculations indicate a first-year levered cash flow of $99,560, yielding a 13.94% cash-on-cash return.

I would assume people would be willing to pay more if all their utilities are included.

He was burned out.The Problem is two fold:Cash Flow on Paper ≠ Real Cash FlowMany investors assume rental income will flow smoothly, but that’s rarely the case in high-risk areas.