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1 April 2024 | 3 replies
Thanks for the response!
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31 March 2024 | 7 replies
If he wanted full CAP rate value of the park he would have spent the 100k to keep his trailers in good repair, sold them off and taken the pad rent monthly.
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1 April 2024 | 6 replies
@Alexandra Bermana few things in your response to untangle.seller financing a BRRRR is tough.
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1 April 2024 | 4 replies
Responsibilities?
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1 April 2024 | 20 replies
Thank you for your response and encouragement!
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1 April 2024 | 3 replies
@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you
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1 April 2024 | 10 replies
Thanks for your response.
31 March 2024 | 1 reply
Any success stories,tips.