Jm McNabb
Is seller financing a safe option
12 April 2020 | 8 replies
The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer. 3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.
Stone Saathoff
[Calc Review] Help me analyze this deal, Windcrest Texas
10 April 2020 | 0 replies
View report
*This link comes directly from our calculators, based on information input by the member who posted.
Sandy Switzer
Where to begin? Brand new here and lots to consider
4 May 2020 | 8 replies
Feeling a LITTLE overwhelmed but VERY excited about how MANY things there are to review.
Jack Fernandes
Investing With a Broker's License?
13 April 2020 | 43 replies
Alternatively, if I'm listing my own property, I can agree to pay the Buyer's agent a split, and pay $0 on the listing side, however a minimal of $250 per transaction and likely a minimal Broker Review and EEO fee will be required by the Broker.
Marshall Shen
Deal Analysis for an Illinois single family property (7 of 30)
16 April 2020 | 30 replies
The detailed analysis can be found here: https://bit.ly/3eapF4lThank ahead for reviewing!
Jonathan New
COVID-19 affects on capital raising
13 April 2020 | 14 replies
@Jonathan New, there are many stock market investors that exit and looking to place capital.You need to review your process, networking efforts to answer this question.
Villy Ellinger
Loss of use insurance claims for vacation rentals -- any luck?
13 April 2020 | 7 replies
Policyholders should review exclusions and endorsements alongside a qualified insurance broker to ensure they have the coverage they need.
Orbin Gonzalez
New Rental Property Investor
11 April 2020 | 0 replies
I’ve reviewed the lease but I would like to get my own documents that BPs provides and have him sign them.
Marco Bario
Good Time To Sell Partials
8 April 2021 | 10 replies
@Steve HodgdonThis is why it is always good to have an attorney draft your documents and review them.It took a while with my attorney to get this type of agreement finalized because of the potential of a default and how to make sure it is tightly writtenLook at it this way- I have never known anyone to sue another based on being paid what they thought they were supposed to be paid.
Adah N.
New Rehab in Metro Atlanta Area
13 April 2020 | 5 replies
So your 75% off list price minus rehab costs sets the bar too high (or too low rather) right from the start.Also, after briefly reviewing the comps, I think it's more likely you OVER estimated the ARV.