I'm buying a cheap property and the owner is holding the financing. I proposed to the owner a payment of $100 per month principal and $25 a month interest with a 7 year balloon and she agreed. Her attorney got ah...
I have been analyzing many properties with this exit strategy in mind. My only issue is I want to make sure I am doing it properly. Acquisition will be through hard money for a year. Refi will be with another insti...
Hello BP Forums and Happy Friday! I'm looking to complete my first deal soon. Following many recommendations in the BP podcast, for a first time investor, it sounds like owner financing can often times be the best rou...
Hi All,Thanks again to all the great contributors here on BP. I am still sucking in info but really need to jump in with action. To that end I am looking at a potential duplex purchase using private money to fund th...
HelloI could be missing the obvious, but I cannot seem to find much information on calculating the return and benefits of debt pay down on a rental property.How do you assess the benefits of improved equity or increas...
Hello guys, My wife is planning to take some money as a loan for buying a property. The property is located in Ontario (She is from CA). The catch is, there are a lot of rates and fees applied to mortgage services. An...
Hi - I'm working on options for a commercial purchase where I'd ask the seller to hold a second position along with my SBA loan. Due to the rates going up so fast I'm hoping to make the deal work by having the seller...
I would love to hear the terms of anyone who has been successful with buying properties through owner-financing. What are the terms of your deal, and how were you able to convince the seller to sell via this strategy?...
Hi,Would someone plz confirm if the current unpaid principal balance is calculated as follows or otherwise?Note is $30,000 - $1,158.04 (which is payments of $289.51 per month x 4 payments made) = an UBP of $28,841.96 ...
Hi everyone,I've had my mortgage recently taken over by another company, I've managed to log on to their online portal to see they are charging me three times the interest than the principal and had a quick look on Be...