Kenny Boyd
Taxes/Accounting a Bond-For-Deed transaction
Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%,...
Sandy Hatch
Looking for good financing options on small multi family
I am looking to buy a 2-4 Unit property out of state. The numbers for income where I live just dont pencil out. I have talked to a company called "Flip N Fast Loans". Anybody know about them? They say they offer:Buy a...
Jay Thomas
Does BRRRR actually work?
I am currently using hardmoney to do a flip. As #2 exit strategy, I was thinking of renting out the property and and refinance to get my cash out but this seam way more complicated.I talked to several bank about refin...
David Killough
Accelerate payments or save for the next down payment?
So, I have a few rentals, and some of them are paid off, some still have a note. I have a certain amount of money in the personal budget that is being set aside for our real estate ventures. Here's the question: would...
Stephen Stokes
Next Steps Advice for Rental Business
Sorry for the long post but I am 32 years old and looking for some advice on next moves. I currently have 6 doors; 5 rental 1 primary:-$280K single family home in North East Austin with $177K loan balance, cash flow $...
John McKee
Loans in the marketplace
I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property. Seems like a pretty good deal, although the payments are all interest. This is a property that is paid f...
Marc NA
Has anyone profitted from buying from lease opt or sub to?
from a buyer's standpoint, has anyone dealt with a seller that offered you a lease option and you turned around and purchased the property and benefitted from the equity?not talking about sandwich deals, or rented the...
Jose Falconett
Public records- mortgage note doesn't show equity?
I am trying to figure out what the loan amount is for motivated sellers who do not know what they currently owe on a property, their interest rate, and their monthly payments. When I get calls from sellers I want to...
Ross B Adams
Setting up seller finance with balloon payment
Hi there! Instead of listing a property I'm flipping, I want to sell with creative financing to my contractor. He doesn't qualify for a loan right now but thinks he will in 12-18 months. There is no mortgage on the pr...
Glenn Jones
How to Setup Terms of Seller Financing
Hi - I am looking to close my first deal on a marina in the the North East. With interest rates on the rise my deals are making less sense when factoring the cost of debt repayment using SBA loans. I am hoping to ge...