Estoppel letters are definitely something I would recommend for commercial properties.

She originally asked for 2 balloon payments.

Balloon Payment:• At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

I'm not as worried about the 9 year balloon.

Could be 30 year amortization with a 5 year balloon.

With balloon payment at end of year 2.- Expected renovation costs $1MM.

5 year balloons?  

We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically

The seller is offering seller financing at 2% interest with a 9-year balloon.

They likely will be a bid on the 2 year balloon options, too, in 2025.