I heard that it's possible to pay well above market value for a property if you could get owner financing on the property. How would you evaluate these deals. The example that I came across recently was that a guy own...
I'm using Quickbooks to track overall finances. So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed i...
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'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...
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...
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...
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...
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 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...