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Hi, I am hoping writing a long and detailed post will help check my due diligence process for getting into the notes business in a more thoughtful manner. I have read a ton of Don, Chris S, Chris W, Andy, Jay and Dion...
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Here’s the deal: $1.1M multi family - 4 units. Each unit is 2 bed 1 bath. Somerville MA
Assumptions: we can rent each apartment for $220/night at 60% occupancy per month (about 23 days).AFTER mortgage, taxes, insur...
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I do a few owner financed sales a year to owner occupants dodd frank compliantly which means re servicing requirements under DF, if you escrow taxes and insurance DF requires you to use a loan servicer. My view is yo...
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Every year around this time I see threads on BP asking about your goals for the coming new year. “Put it out there, hold yourself (or each other) accountable” yada yada yada. Those of you that know me well know that...
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We just closed this past week on two duplexes in Eustis, FL. These are our first multi-family properties, so we're pretty excited. We bought them from Fannie Mae through HomePath, which a great story in itself. They w...
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Came across a non collateral loan offer ( work as a physician and got a letter from a firm offering 50 K -200k for personal / professional use). Was Offerred rates of 5-6.5% after few phone calls, with early return pe...
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I am looking at a property, tax valued at 25,800.
The owner is selling it for 38,000. Owner financing with a interest rate of
3.5%. 2,500 down payment
Me and my business partner have ran the num...