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1 March 2024 | 4 replies
Ive never sold a property before and have no idea about seller financing.
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1 March 2024 | 3 replies
If you purchased utilizing any sort of financing, you may not have enough equity to tap in to pull outto connect!
1 March 2024 | 10 replies
I've found a couple of options, but not sure how legit they are:-Delayed financing prior to 6 months, but only based on purchase price and closing costs, not ARV which isn't ideal.
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1 March 2024 | 3 replies
This could make you run into issues for getting conventional financing and HELOCs.
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1 March 2024 | 1 reply
How did you finance this deal?
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1 March 2024 | 2 replies
@Vinh Nguyen seller finance this. 5k up front and pay the rest monthly.
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1 March 2024 | 6 replies
How do you get them to accept seller-financed offers?
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2 March 2024 | 10 replies
Interest rates are just one factor in the equation.You can offset high (er) interest rates by buying lower priced properties or fixers, or putting down more cash, or having a desperate seller do partial financing or buy down the rates...So if rates stay above 5% for the next 5 years I think 2 things happen: 1) More experienced/less timid investors have a huge advantage for a while, 2) eventually when everyone realizes this is the 'new normal' then things just go back to normal with slightly higher rates.But what do I know?
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1 March 2024 | 4 replies
@Mendy Melamed depends on property Class you target and if you're paying cash or financing.Our Metro Detroit market offers many Class B and C opportunities that will positively cashflow, even if you buy putting 20% down and finance the rest.Please PM us for more details!
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1 March 2024 | 9 replies
I have thrown multiple offers at a seller that only wants to sell his properties via seller finance.