Ryan Clements
Hard Money Terms Sheet... 12% and 2pts?
Howdy folks: Looking for a 2nd set of eyes on a hard money terms sheet... Can I get a few thoughts on fair value? Is this similar to what others are seeing? First experience w/ hard money.
Loan amount: $27,000
Int...
Harry Williams
Can someone explain what 'points' are in a private money lend?
If I private lend at a 12% interest rate and 4pts up front, what do the 4pts equate to?Acquisition and refurb would be around $380-$400k total.Note: this is hypothetical.
Susan Oram
Help with a Seller Finance Deal
Hi guys, I need your help. I am looking to work on my first seller financing deal. I am still new in the REI game, so any and all help is appreciated. I live out of state and would have to hire local property manage...
Logan Turner
Who provides receipts or current balance on seller finance deals?
Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.
Is there an obligation for providing this? Should I be sending quarterly...
Joseph Parker
Seller Financing deal - trouble with Amortization Schedule
Hello everyone! New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm curren...
Tony Velez
Help with seller financing offer. And the NUMBERS!
Hi,Here is the story. This house has been on the market for over 2 years. Its a cute little house that always pops up in my searches. I've only seen the outside of the house. Last year they were asking $85,000. Now th...
Claudia Schmidt
Which Payment Frequency Option is Best to Pay Down my Mortgage the Fastest?
I just bought a house, and I know when you make bi-monthly payments to your mortgage you end up making an extra month of payment at the end of the year.
If I choose to pay weekly, is this better? Would I end up mak...
Colte Utley
Commercial Loan 15 year amortization with a 5 year balloon
Can anyone help me with my situation? I have had a a commercial loan on one of my properties since 2017. I was told that I was getting a 15 year amortization with a 5 year balloon. The balloon payment is due in the ne...
Archie Minkowski
Seller (Owner) Financing - Couple Questions
We have a home in a desirable area and a couple of folks have asked if we'd consider owner financing, so we're considering it. We would obviously ask for a down payment, proof of income, and proof of insurance. We'...
Joseph Parker
New to BP - question about Seller Financing
Hello everyone! New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm curren...