The original idea was I didn’t expect a bank to lend her the 40k for repairs so I assumed she’d be using a hard money lender and I was just assuming at 10 yrs for the loan will full intention of having the property appraised after repairs, remortgaged through a conventional for 30 years at like 3-5% and paying off the hard money loan.

Original asking price was 915k, I offered 820k, and he just offered 875k.

Originally posted by @Shannon Fogarty:Hi all, I am interested in concept of sandwich leases, but all the examples I see of people who have done them do not reside in NY state.

Origination fees are likely close to $0. 

Originally posted by @Steven Picker:I have bought houses where the tenants jumped the meters,but now most power companies have smart meters which prevents this type of theft,it still the electric company responsibility to supply the meters stolen or not, most areas this is not correct Steve.. in high theft areas of the mid west for sure this is not the electric companies responsibility. he will have to replace it.. his deductible is probably such that insurance is a waste of time.. so its just one of those cost of doing business and being a landlord.. and lucky they did not also strip all the copper.. 

Originally posted by @Rick Price:Myself and a partner are in the process of setting up our LLC and came across a few questions.  

The appreciation is pure speculation based on past performance.

Hey everyone-- I'm currently negotiating on a new owner-financed 1st position, re-performing note in Alabama, single family home valued at 24k.

Greetings All,My name is Marcus, I am 22yo and originally from Los Angeles, CA but am currently serving overseas for the next few years.

Originally posted by @Don Van Nguyen:@Mark Sewell an interesting and maybe a noobie point for my side.