I was having this discussion the other day with another note buyer. I have noticed that brokering has exploded in the note space which is scary. However I have also noticed brokers charging agent prices (6%) on note s...

I use a mid-sized local bank that is a "portfolio lender" and the only stipulation is there's a $$ cap on what they will lend any one individual (including any LLC they're a member of).  

Mortgage, cap ex, vacancy, repairs, management?? 

They have to recapture all depreciation in the year of sale, even if seller-financed and the payments will be part return of cost basis, part interest and part cap gain.  

At least do what you can to slow down the major cap-ex expenses like plumbing, roofs, HVAC, etc.  

It's almost a losing proposition to invest in flat and declining markets only to see cap-ex comes due and your cash flow is not enough to pay for the cap-ex.

10 CAP, SE inner loop.  

Building didn't need work, in my analysis.65 Year Old Building.New Roof being installedExpected Purchase Price 300 KNumber below don't include property value appreciation Loan to Value 81.07% Cashflow / Initial Investment (CoC) 0.79% Cashflow / Assets 0.18% CAP Rate 6.01% TOTAL OPERATING EXPENSES $15,610 NET OPERATING INCOME $16,819 Less: Annual Debt Service $(16,324) CASH FLOW BEFORE TAXES $495 Add Back:Principal Payments $4,406 - Depreciation $(617) TAXABLE NET INCOME (LOSS) $4,285 Monthly Income Per Unit Pre Tax $10.32 Thank you

All new construction in Philly is now electric, gas lines are capped on the outsidePECO discounts the rate for electric heaters, net net it's the same to the payer 

Take action bruh, the pros outweigh the cons.Again, big thanks to all you folks on this forum helping me learn my ROI from NOI, Cap Rate from Vacany Rate.