I was wanting to know if there is a way to look up the remaining mortgage balance in Indiana?

@Tony Castronovo What you negotiate is you pay for the docs and they pay for the transfer fees so it's balanced or other way around.

You can purchase the property sub to the principal balance at the time you exercise your option or you can buy it with cash for the same balance anytime in the next __X___ years.

And one school of thought says pay off highest interest first.Other school of thought is to pay off lowest balance first, so you can apply the improved cashflow to paying off the 2nd largest balance, and so on.If both approaches point to the same mortgage, then your choice is done.

I had to guess on some of the numbers, but check this out: Loan Quote Comparison Acquisition Price: $295,000 Current Cap Rate: 11.4% NOI: $33,600 Loan Quote: 15-year Amortization 20-year Amortization 25-year Amortization Proceeds Loan Principal: $221,250 $221,250 $221,250 Origination Fee: $2,213 $2,213 $2,213 Net Loan Proceeds $219,038 $219,038 $219,038 Down Payment $75,963 $75,963 $75,963 Payments Rate: 5.00% 5.00% 5.00% Loan Term: 5 years 5 years 5 years Amortization: 15 years 20 years 25 years Monthly Payment $1,750 $1,460 $1,293 Monthly Cash Flow $1,050 $1,340 $1,507 Ending Loan Balance (Balloon) $164,958 $184,644 $195,984As you can see, you'd be netting $27,420 more cash flow over the life of a 5 year loan by choosing 25 year amortization instead of 15 year.

When you get into large balance commercial contracts you tend to have commercial attorneys redlining a word doc with changes back and forth until a final document is ready to execute for a purchase and sale agreement.Your real estate agent/broker and the sellers real estate agent/broker are NOT,NOT experts when it comes to legal language.

I also do have some credit card debt, so I pay that off and I can borrow it back again on a no fee balance transfer when I need cash.

I am not financially set yet, but I believe in balance so my plan is every time I buy a property I can reward myself and buy a car.

I am looking for a bank with business accounts, no minimum balance and no limit to the number or size of my deposits.

I can always cancel once the balance is paid.