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I'm looking to start purchasing bank owned properties within the next couple of weeks. I wanted to know if I decided to take back financing for 20-30% would my buyers be able to purchase my properties with no money d...
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I have a builder offering me a rehab for $119,900. He will take a 2nd for $24,000 that will serve as my down payment. After a couple of on time payments, he will then forgive the 2nd mortgage leaving me with a purchas...
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Why is a cash offer preferred by a seller than a financed offer? The seller gets money at closing, whether from the buyers pocket, or the lender. Help me understand why it makes a difference.
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It is well known that "cash is king", and making a cash fofer with limited financing can often get you a discount off of an asking price that you may not have been able to get using financing.
My question is: How har...
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I have the opportunity to buy someone's portfolio for a very reasonable price. I tried to just see if the bank would approve me to assume the mortgages and the owner would finance about 300k which would let me come ...
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Here is my situation:
- Started an LLC for investment purposes in October 2006.
- Became a licensed contractor in 2006 after having grown up in the business.
- Bought slightly burned and condemned 3/2 house in bad...
have a 4 unit property that i'm thinking of seller financing...price--145,000....terms would be 10% downpayment, 8.5% interest amortized over 25 years w/ 5 year balloon...any suggestions?? i get that at about 1,003/mo...
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Okay I went today to the bank just to get an idea what I may borrow. I mentioned to the loan officer that it will be NON owner occupied. I told her my intentions of buying a duplex or SFR and renting out. I was tol...
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In the past finanicng mobile homes for the investor has been a problem especially for the investor where the home is not real estate but titled property. We are now financing those as leased equipment and financing th...
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Just wondering the pros and cons of each. Currently I've purchased all my deals (buy and hold) with cash..but was wondering if I may be missing out.