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5 February 2025 | 5 replies
@Polat Caglayan we can answer all your questions, yet you avoid setting an appointment with us.Very interesting approach you choose...
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11 February 2025 | 1 reply
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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5 February 2025 | 8 replies
If you need any assistance or have questions, feel free to reach out.
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3 February 2025 | 31 replies
@Joe S. the answer to your question is yes, it can be.
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6 February 2025 | 3 replies
However, you have the additional question about if and how you might enforce a judgement in another country.
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6 February 2025 | 9 replies
You answered questions I didn't even know I had.
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10 February 2025 | 16 replies
@Anthony Klemm here's copy & paste info that hopefully answers your question(s):--------------------------------------------------------------------------------------------------------The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.
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6 February 2025 | 5 replies
My question to you is what is your end goal, and what is your why behind that?
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31 December 2024 | 4 replies
I've been doing alot of research but still have questions.
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11 February 2025 | 3 replies
I would ask these questions of someone who works in the planning and zoning department.