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Not sure if this is the right place to post this but I didn't see an "Equity" section in the forms.First a few example numbers: Say the property is $1,000,000 with 30% down, so $300,000 equity required @ 8% hurdle.So ...
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Investment Info:
Large multi-family (5+ units) private money loan investment.
Purchase price: $630,000
Cash invested: $240,000
This was my first multifamily fixer-upper, In the summer of 2019 and I h...
So I currently have my property up for sale and another investor mentioned that I should carry back the mortgage to seller finance it. I'm a little confused because I thought you had to own the home outright to seller...
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I found a small commercial building where the owner is wlling to sell and carry the note back on the building. Seems advantageous for me so I can avoid bank hassle and small out of pocket. Questions:1. What pitfalls...
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Hello, Did anyone have success with getting seller financing, having seller carry let's say 15% and have the bank allow seller to be in second position? From my research, most banks oppose that? Specifically in Illino...
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Hi Everyone,
Alright so I'm in the middle of my first "seller carry" deal, there is a property that the seller is can no longer afford the payments to and have negotiated the following with the seller. They will all...
Hey guys, I have a deal just over a million that we are structuring pretty creatively. We are using a DSCR loan to finance 75% and bringing 25% to the closing table. The creative part is that our 25% is going to be ki...
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Greetings BP,
I am new to rei and just saw a post of Owner will carry with approximately $400,000 down @ 4-5% interest on a 10 unit priced at 1.4m. Can some one help explain if this is a good deal?
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I have a partner that I am taking down a STR with and we are planning to use hard money to fund purchase + rehab, exit out through a refinance most likely. My question is how do flippers or others experienced with BRR...
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What's included in the carrying cost and do i have to come out of pocket, will my down payment be used to cover those cost, or will the loan amount pay for it? I'm confused please help