
19 April 2024 | 3 replies
., including Columbus, OH.An assessor ("auditor" in OH - https://property.franklincountyauditor.com/_web/search/commo...) determines value and enforces the millage rate; the commissioner ("treasurer" in OH - https://treapropsearch.franklincountyohio.gov/) issues the tax bills and collects payments.

19 April 2024 | 3 replies
If not, maybe ask for slightly more interest or fee, knowing that you'll have more time and cost involved if you have to take the property back.Is the buyer going to pay you monthly payments of 4166.66 for 24 months, or is this a smaller payment with a balloon?

23 April 2024 | 30 replies
What about the ground up developer that exhausted their interest reserve because the construction debt was tied to the fed rate, but the project is still perfoming well and they want to hold off on refinancing a bit longer because its still a great long term hold but given the pre-payment penalties they are opting not to lock into a perm rate yet beleiving favorable financing will be available with a patient approach.....

19 April 2024 | 3 replies
When you look at credit unions for these properties you are likely to see a 20 year amortization with a balloon payment at year 5 or 7.

17 April 2024 | 3 replies
I, too, aim to be as accommodating to residents as possible.However...For my own liability protection and personal sanity, I'll only schedule our group viewings for when the resident can be physically present.For one thing, I'm a digital nomad (currently living in Colombia), so I'm likely never going to be conducting their viewing myself.But mostly, I don't want a resident claiming that some priceless heirloom went missing or got damaged after holding a showing in their absence.We'll pick a convenient time, typically 1 hour on a Saturday afternoon, and set appointments for up to 6 pre-screened buyers to take a look.

19 April 2024 | 3 replies
Yes, you will get more on seller finance than on the market most likely, but now you are the bank managing the payments and amortization.

19 April 2024 | 4 replies
You are correct - the terms can be great and with the exception of the monthly interest payments, you control the payback schedule.You can add a business or personal line of credit (LOC) as well if you can get one.
19 April 2024 | 3 replies
Here are the details:Property: Purchased in Windsor Ontario for $350,000 in May 2023.Investment: Renovations/ repairs and other expenses totalling $60,000 with a down payment of $108,000 (from HELOC) and $5,000 in closing costs.Current mortgage left is 244k.Current Issues:•Foundation issues requiring attention.

19 April 2024 | 12 replies
This could include new construction loans, down payment assistance programs, private loans, hard money loans, and rehab loans.Compliance & Legal Support: Does sponsors usally help you navigate the ever-changing regulatory landscape?

18 April 2024 | 3 replies
Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).Is this typical?