So here's the deal. House is listed FSBO @ $154,900. Built in 2001. It has 4 beds, 3.5 baths and 2,662 sq ft with a 2 car garage. Nothing fancy, typical house for the neighborhood with hardwoods, fireplace, etc. No up...
I am practicing my deal analysis skill on MFR. Looking at couple properties in Loopnet (I know these are not the best place to find deals) since it has many listing to work with.Granted I am just using proforma values...
Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...
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...
I'm new to RE investing and have found an interest in Performing and non-performing notes and am currently trying to absorb as much as possible on the subject. I have been reading a lot of forum posts and listened to ...
I am receiving conflicting information from different lenders, when it comes to the way student loans are calculated toward ratios when obtaining and FHA loan. While I did some research and found the verbiage direct...
Good Morning All...I signed contract to purchase my first rental property. It's a townhouse (i.e. two floors on each side) style duplex, and is the only multi family property in this neighborhood (the entre town is ...
I have an amazing local banker that mentors us and finances our properties.
However, we rarely get a note over 10 years and some of ours are 5 yr notes.
We still cash flow but very little. I like it be...
I am looking to structure an owner financing deal. Here are the number:Purchase price: $320,000Amortization: 30 yearsInterest Rate: 5%Balloon payment: 3 yearsMonthly payment: $1717.00How do you structure/allocate you...
I found a bank that will loan 80% of future ARV. I find a property and give lender a list of the repairs/updates and he gives it to appraiser. Example, buy for 50k, has 30k worth of updates, ARV of 100k, they loan m...