What are your finances like?

And if you wanted to finance upfront there are opportunities there still... you just have to know how to really do your number properly.There's a lot happening in the Detroit market in terms of investment and revitalization.

Condotels are also harder to finance, and therefore will be harder to sell to the next person when you want to do that.  

I'll say doing your research on landlord-tenant laws is crucial, consider property management if you're not into self managing your property, secure financing, crunch the numbers and prioritize location and property condition when searching.

These transactions are overly complex and typically never end well because the exit is not thought out and if someone wants out etc. what do you do.If I were to do one of these I would buy it in a LLC so its easier for one party to exit, especially since financing is involved. 

Looking to get an understanding of the closing costs involved with a seller financed commercial property in North Carolina. 

How did you finance this deal?

I’m going to look at my first property in less then a week and I’m looking to do seller financing.

If you're not having conversations with your hard money lenders like, 85-90%+ of the purchase price, 100% of your rehab costs and maybe even financing your mortgage payments, advanced draws on your construction budget, you might be risking more money out of pocket than you need to.

Was looking at DSCR so it was easier than compiling so much info on our personal finances.