Robert Harpster
PERFORMING NOTE OUTCOMES
Curious about realistic expectations for outcome of a performing note. Example - A note modified a year ago to lower payment and get borrower making regular payments again. New 15 year amortization at 10% and approx 1...
Brian G.
How To Execute A Contract On This Deal?
Hey BP,My dad has found a motivated seller in CA. They want cash for the property. He is in the process of getting the cash together via private lending, by next week. He does have $5K right now to work with and it...
Ayse Yesilyurt
Foreigner buying condo for summer use and investment
Hi,We are foreigners not living in the US who are interested in buying a condo in Michigan, as we have ties in this country (lived here many years) and visit most summers for 1-2 months. The property is around 200K an...
John Dornberger
1031 Exchange and Option Contract
Planning a 1031 exchange of a PA investment property for a Maine investment property. Relinquishing PA property to be sold to my tenant for cash, no mortgage. Tenant has 50% of the money, plans to have remaining 50%...
Account Closed
Assumable Loan
So I saw a 4-unit property during my quad-plex search. I got all excited when I saw one has an assumable loan. But I don't know what the right questions are to ask. I sent an email to the given realtor on the prope...
Gina Williams
4 plex masrer lease option
I have a situation where a 94 year old friend is a motivated seller. He is willing to do a master lease option with me. I want to acquire the 4 plex units and keep it as a buy and hold. I don't plan to sale once I acq...
Nicholas Wever
Seller Financing to Traditional Financing Question
Hi All,I have a simple, but silly question... I closed on 2 properties this past years. Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition fro...
Sue McWilliams
Cash or Finance?
I've been reading alot about how it's better to finance versus paying cash for an investment property. When will you pay cash for property versus financing?
David Palmer
Looking for Cash-out Refi Terms
Does anybody have examples of long term debt after a property is stabilized? I'm looking for some assumptions for my underwriting for the cashout refi on an industrial property with a credit tenant and 9+ years remai...
Don Konipol
Dealing with Homeowners
After 45+ years in real estate, I have come to a conclusion about owner occupied properties. Unless the home seller / buyer has extensive experience in real estate
THE HOMEOWNER SHOULD NOT DO ANY REAL ESTATE TRANSAC...