James Berry
Creative Financing options for potential deal
21 October 2018 | 2 replies
(e.g. contiguous)- Comprised of 4 parcels:P1 - 70 acres with 2250sqft 200yo house and 20yo barn.P2 - 35 acres with under conservation easement.P3 - 5 acre minor sub division home lotP4 - 5 acre minor sub division home lotSITUATION- Seller is 70yo and retiring in 2019- Seller has heIrs who are absent and uninterested in owning the property (will eventually sell inheritance)- Seller is a frIend and neighbor of the famIly- Seller (and our famIly) have preservation/non-development hopes for land in the neIghborhoodOUTCOMESFor the Sellers:- Immediate cash lump sum (property needs some work)- "Guaranteed" monthly/annual payments for deal term- Retain ownership and occupancy of real estate until they vacate- Seller retains ownership if buyer defaults- Continuity of neighborhood legacyFor the Buyers (us):- Acquire property rights- Fixed sale price- Known caretaker/occupant- Continuity of neighborhood legacyDEAL OPTIONS- $450-500k sale price- 10% down- 20 year term- 0% Interest- Land ContractThis seems like a good option to consider in terms of managing tax impacts to both parties, but at the cost of fewer “ownership rights” for both parties.- Seller FinancingThis seems like a good option to consider in terms of better “ownership rights” for both parties, but at the cost of trickier tax implications.
Matt Friede
Lender Recommendation in Greenville, SC
24 November 2018 | 8 replies
I'm a little late to the game, but a friend of ours is a lender in Greenville.
Michael Minton
[Calc Review] Help me analyze this deal
24 October 2018 | 4 replies
I had a friend who was an investor and she said to work in 10% for maintaining the property.
Abebayehu Gechere
Single Family home in Maryland DC Virginia
30 October 2018 | 7 replies
My plan is to buy a house and rent it through property management or work with my friends to manage it.
Jake Fugman
Equity kicker in exchange delayed financing funding
22 October 2018 | 3 replies
Hey all, I'm considering lending cash to a flipper friend of mine so he can make a cash purchase on a $200,000 deal which is requiring certified funds.
Tim G.
$103k Profit / 249% ROI / 15 Month Sub 2 Hold n Sold
26 October 2018 | 4 replies
I couldn't see it costing me less than $90k and I had friends whose similar sized flips had been sitting on the market in Santee with no offers for several months.
Matthew Bailey
Investor Friendly Banking Option in the Bay Area
16 September 2018 | 1 reply
Hello, I am a land investor and I'm looking to employ the "Profit First" strategy to help me manage my financials. If you're not familiar it basically recommends that you have a bunch of bank accounts (income, profit...
Brad Tarry
Funding a Self Directed IRA
1 October 2018 | 9 replies
IF they allowed you to 'roll it back out' if you wanted then it might be OK, but even then, I would think the fees in that program would far outweigh having an IRA, and you would have more flexibility too.A friend of mine rolled his into a SDIRA, and DOES do his new companies 401K with NEW contributions since they match those at up to 6% of his salary.
Matt B.
Baltimore investor friendly RE agent
13 September 2018 | 3 replies
I am looking to purchase my first rental unit in the Baltimore area and am looking for an agent who is ok with making multiple offers. I am out of state but looking specifically for condos and townhouses around Hopki...
Chris Sukala
Rental Calculator Help
12 September 2018 | 2 replies
On the Results page of the report, select "Other Actions" > "Copy to "User" , enter and select the name of the BiggerPockets colleague you want to send it to and then select "Send Copy."