How do you structure an offer to a seller for owner financing? How do you ameturize the loan and payment and balloon payments? I've seen some properties I would like to make an offer with seller financing but I don'...
I am looking at a quad in Grand Junction Co. The seller is open to seller financing. My question is, what is normally included in the initial offer? How detailed should I get? Obviously the buyers purchase price amoun...
I have a borrower who is always one month , or 2 months behind on Loan Payments for a note I hold. They are also delinquent in late fees. At what point can I start a foreclosure or at least present the idea of a Dee...
To those of you who have done seller financing (as a buyer):1. Where do you find the owners/properties?2.. How do you reach out to the owners? Letter, phone call?3. If you write a letter, how do you word it?Any help i...
I recently found a deal which is ripe for an owner financed solution, and after talking to the sellers agent he told me to 'write up a proposal', which he can give to his client.This will be my first owner financin...
I am looking at a possible commercial property deal in South Dakota and seller financing is an option. I have read about seller financing and listened to podcasts on the concept, but I am not sure where to start with ...
Hello,I have a question about Dodd Frank and the application of a prepayment penalty.I’m selling a condo for 305k.Buyer is:
Putting putting 30k down;Getting 130k mortgage with bank and;I'm dong seller financing for ...
First of all, I am in Washington State. Is there a state specific OFFER that is required or will a general "Letter of Intent" be sufficient prior to drafting the "Purchase Agreement"? I understand that the sale cont...
Hell everyone! :) Posturing up to make my first offer, Ill keep it short:• 12 Plex on MLS for 1.2M
• All 2/1's (915 sqft)
• Current rents average $865 / unit ($52,000 NOI)
• Pro forma rents $1,400 ($100,000 NOI)...
This is probably a stupid question but I'll ask any way. If I have to pay back the loan in 5 years what is the meaning of the 30 year Amortization of the loan and why are certain loans structured this way?