The pre qual letter looked like this:PP:225,000LTV:80%Loan Type: DSCR 30 yr fixed 7.12 interest 0 pointsFICO:815

Most “Gurus”, authors, advisors and experienced real estate investors preach obtaining seller “carry back” financing for property buyers in order to (1) obtain financing when they don’t qualify for a 3rd party loan (2) obtain financing when the property doesn’t qualify for financing and or (3) extend the “buying power” of their capital contribution (down payment) to purchase a larger more expensive property by having the seller provide a subordinated mortgage loan.That’s all and good, but why should the seller agree to finance the purchase of his property, instead of getting CASH for his equity?

That would leave you with $230k to do the renovation, and cut down your negative carry by 2/3. 

Lets say that i have a total of $100K in total losses that have been carrying from prior years from all of my rental properties combined.

The FEW who will touch mixed use would never touch it with the seller carrying half the loan.

Seller financing enables the seller to carry back a part of the purchase price.

But I definitely think it's time to send a demand letter.

In the handful of cases that I'm aware of, the lenders found out when changes were made to the insurance policies for the properties (the lenders will get notifications by letter of any changes to insurance policies where they have an interest).

On to your next blog article about my yellow letter!!

Then you can respond to "All" and keep the owner abreast of how their current PMC is cooperating.No more than 30 days before the Termination Date, you'll want to send an intro letter to the tenants.