Hello BP Community!I'm Carol, I've read many posts from investors to always ask if seller financing is an option, can you provide examples of what to ask for from the seller to finance? Thanks!
Here is the situation:I have cash tied up in 4 properties, 2 of which are stabilized with paying tenants and 2 are undergoing rehab (will be complete within a month). My lenders have suspended operations and I've call...
This may have been in another post, but thought I should bring it back to light.I think that not enough of us know, or take advantage of what most banks call a "re-cast" or "re-amortization" on a loan!! Typically, wit...
I recently purchased an investment condo that rented out almost immediately after I did some minor work on it and will cash flow very nicely. (I know some people stray away from condos but I have had actually had a lo...
Hello!
For anyone here that has lent out money as a private lender , I have a few questions. How do you vet the person you are lending to? What type of agreement/contract is needed ? And finally, if they dont pay, ...
I am currently developing an cash flow model and would like to consider the impact from cost of conventional finance. What is the impact on cash flow, down-payment required and NOI, between these two financing options?
What are your thoughts on interest only loans for buy and holds? I see the plus as more cash flow, but the downside of no principle paydown. My thought was that increasing cash flow in the growth stage of a portfoli...
I recently closed a wrap-loan with a local bank where I financed a home with a 3 year ARM on 20 year amortization and then sold the home as owner-finance with a 5 year ARM and 30 year amort. Having to this made me cri...
In my field (counseling), I've been working for almost 20 years. While the salaries have been low, up until this year when things really spiked, the retirement plans and money able to be set aside was just embarrassi...
Hello everyone, I took out my first commercial loan a few years ago for a multi-family. It's 30year amortization, but first 5 years were fixed and on the 6th year it will auto adjust to the libor rate plus 2.25%, the...