I just realized today that credit partnering is a fantastic thing. If I find the deal, and a credit partner gets the money at 3.75% (or even at portfolio loan rates), we split the downpayment and split the profits 50/...
I am under contract on a property in Jacksonville, Fl (primary exit strategy is flip) which currently has a gas stove, and gas water heater, but electric heating and no gas line at the clothes dryer. Behind the stove,...
What would interest a private lender to invest in the purchase of notes?
Years ago another landlord told me he kept one of those stand up infrared room heaters around to keep a tenant happy until his furnace guy could get there to fix the problem if a furnace went out.Last night, while all...
Owner Finance
Purchase Price: $700K
Actual value: $625K
Owner wants 20% down
0% interest
Balloon in 10 years
Cash flow looking at 400-500/M and it is in a highly appreciating area in South Florida
THOUGHTS?? ...
I bought my first flip home. The home was built in 1920's. I am currently in the initial stages of cleaning the property and getting quotes on the work that is needed. Plan on putting in new HVAC, flooring, windows...
So I was wondering how appreciation investors satisfy the debt coverage ratio? I keep seeing that banks require a 1.2-1.3 ratio. I know that a lot of appreciation plays barely break even on cashflow or are sometimes...
There’s nothing more critical to investing than finding money/funding, etc., and I know that I, and many other BP members would like to learn from those with different experiences. As a developer, there’s always...