The “SJR 60” went into effect January 1, 2018 and while we could spend all day on the language there were 3 really important changes to Texas Home Equity Laws because of this legislation passing.

I can get 4% for 20 years - but I am unclear of a 'Prepayment Penalty": his 'contract'  :{5} Note:The borrower will be responsible make an origination fee PLEASE NOTE:this is the only fee expected to pay for this transaction to have your loan transferred to you as soon as possible by the bank transferring bank to your bank account, or which ever way you want your loan to be transfer to you If you fully agree on this terms and condition.Do you agree with the above terms and conditions?

I'm ignorant on the subject but from what I have seen many people say that local credit unions and banks are by far the best way to go for loans and bank related transaction for single families.

We have a few real estate transactions behind us and own our personal house without debt.

And in this transaction there would be a lenders policy issued, so it's not a 2nd time around.

@Sergio Rios This is investment cash out so same guidelines applies to this transaction in this loan scenario.

When a transaction closes, the principal and the interest are rolled to another loan.

Personally I think the strategy is great with regards to rehab, and I have bought a house before with a credit card, but I also had a ton of liquidity and lots of simultaneous projects and it just made sense - and I didn't pay any interest other than 1% to do an 18 month no-interest, which gives me an effective rate of .667%, or just about free. 

Hello Nathan,  to protect yourself as a lender in an owner finance transaction, you should use an RMLO to disclose the loan terms to your buyer and verify their ability to repay the loan. 

What i would like to know is how increasing vacancies in a class A apts effects b and c properties.Also have to remember we are in year 10 of artificially low interest rates, and this financial engineering is INTENDED to rev the stock market and inflate asset values.And the next logical question is what happens as interest rates go up?