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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.
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I will be owner financing a rehab. (still negotiating) and it is my first one.
Anyone has any experience with owner financing? Any special clauses need to be included in the contract or is it pretty simple to draft ...
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The Orlando condo market is absolutely devastated. Banks are practically giving condos away and, because of Fannie/Freddie rules that prohibit financing the purchase of condos where the HOA is over 25% delinquent (ak...