Last, there is a statement that says "all parties to this Note ... agree to continue to remain bound for the payment of principal, interest, and all other sums due under this Note and Deed of Trust notwithstanding any change or changes by way of release, surrender, exchange, modification or substitution of any security for this Note or by way of any extension or extensions of time for the payment of principal and interest, and all such parties waive all and every kind of notice of such change or changes and agree that the same may be made without notice or consent of any of them."

The loan would remain in his name and the deed would be transfered in you and your husbands name.

We do all of the work to infill the remaining vacant pads, and operate end-to-end to ensure smooth operation of the property.

We also gave them the option of vacating at any point during the pandemic with pro-rated rent only to their last day of occupancy, regardless of any remaining term.

Insurance is $2500/year, Taxes $6500/year, 3.25% interest rate 24 year loan remaining. 

If you have a single tenant, it's either going to remain occupied at a hundred percent or it's gonna go dark, there's not really a chance of losing 10%, losing 25% or having turnover, like on a multi-family property or large multi-tenant office.Some expert lenders in industrial:Texas Capital BankVeritex BankIndependent BankSecond, what is your average loan size?

That means those remaining items will be divided by 5, 7 or 15 years and each year you will take that portion in depreciation over and above your structural/capitalized depreciation.

This would be my first creative finance deal as well, so I also want to make sure I’m structuring this correctly and using the correct terminology.Looking to purchase a STR - Lake House where there is a current mortgage (26 years remaining) with an adjustable rate that kicks in August of 2025.Sell Price: $850KDown Payment: $170K (20%) Current Mortgage: $388KRate: 3.75% (until 8/2025) Seller Finance Portion: $292K @ 4%Is there a way to structure this where the current mortgage is treated as it’s own agreement so that the payment will adjust as the ARM fluctuates? 

Lots of learning in real time, but we remain optimistic Lessons learned?

Does anyone have any thoughts on whether or not the content has become obsolete or remains relevant?