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23 October 2024 | 2 replies
Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).
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26 October 2024 | 50 replies
I schedule 2 open houses per week and ANYONE can come.
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25 October 2024 | 11 replies
@Pat McQuillan have you reviewed IRS form Schedule E?
24 October 2024 | 5 replies
Hi Anne, I'm actually in the process of underwriting an SLH DSCR loan currently, and it is scheduled to close within the next two weeks.
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23 October 2024 | 3 replies
Thanks There's a set section 8 rental schedule in DC.
22 October 2024 | 9 replies
Project size and asset class can greatly impact lease up schedule.
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22 October 2024 | 8 replies
I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appliance) from bonus depreciation to an expense on schedule E.
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23 October 2024 | 6 replies
Ahead of schedule on inventory, short term pain for long term gain.
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17 October 2024 | 1 reply
While this approach works in the early stages, there comes a time when consolidating all your properties' insurance into a single, scheduled program might be more beneficial.
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22 October 2024 | 6 replies
Use an online mortgage calculator to get an amortization schedule and present it with the offer.