Can anyone explain how loan assumption plus seller financing work? Im in the eary stages of learning about commercial real estate. Any advice, website, books that you have read would also be helpful. Also if you have ...
I would LOVE to hear about how you've all come about obtaining the financing needed to reach, or attempt to reach your real estate goals. My husband and I currently own 3 properties, all of which were purchased within...
Hello all,
I am currently in the RE market to purchase my first property.
I am interested in a duplex/triplex to live-in rehab while renting out units.
My main obstacle I have crossed would be as a college studen...
My wife & I are just about to close on our second property and found out from the bank (Chase) 4 days before the closing date that their calculations for our DTI ratio are not within their comfort zone. We both wo...
So a RE agent called me to offer me private financing. He works with a group of investors. But their terms are a 5.5% fee of the sell price, 10% down, and 10% interest. It is expensive, but with this financing, I plan...
Hello everyone, this is my first time posting here and I am hoping for some contact information. Here is the scenario I have:Right now I have one rental property the house is a SFR and it is owned free and clear. Appr...
Hey BP,So I have been watching this house in my neighborhood like a hawk. It has been listed for almost a year and hasn't sold. Its listed for 250k and probably worth that if it weren't on a busy street. It is in a...
Hi,Does seller financing have any credit requirement? I understand seller will have terms that require specific down payment, rate and term length. Do they also assess credit and debt to income ratio like a convention...
Hello BP users, hope you all are having a good Labor Day weekend. I have a question concerning low money down creative financing. I'm not incredibly new to BP, but I still haven't pulled the trigger to invest yet, be...
When introducing/ wanting a seller to do 100% owner financing, how should I lay it out, what's an easy way to explain an owner financing deal to a seller?
I've recently been something like this.
Ill give you X amoun...