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18 July 2024 | 0 replies
Purchase price: $165,000 Cash invested: $35,000 Sale price: $245,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Jamari Sprueli, successfully completed a deal on Greendale Lane, Jonesboro, GA.
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17 July 2024 | 6 replies
If they put down $170k the payment will be over $5,000.
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15 July 2024 | 7 replies
I have no driveway so I put a down-payment on an asphalt driveway.
16 July 2024 | 4 replies
I purchased four installment payment contracts on contracts for deed.
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17 July 2024 | 1 reply
Purchase price: $75,000 Cash invested: $125,000 Concrete House 4 Bedroom 1,700 Sqft. all Renovated, in a 5,000 sqft Lot.
13 July 2024 | 1 reply
Hey y’all,Exploring my first BRRRR, and curious about financing strategies of initial cash purchase vs HML.
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17 July 2024 | 4 replies
I may be overthinking this - I've just never had this much cash on hand and it makes me a little nervous!
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17 July 2024 | 4 replies
.- The partner brought in a cash contributor for his portion (let's say A, who got 50% of my partner's profit, basically 25% of the profit) to the deal and put a lien on the property.
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15 July 2024 | 3 replies
They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark.
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16 July 2024 | 15 replies
At the beginning of 2019 we began to see late payments across the portfolio.