Nicholas Stevens
First deal!
What's going on BP, today I closed on my first deal! Well actually my second, because my first was my owner occupied triplex which has been great. I started back in April sending out yellow letters to inheritance...
Mark Smith
Can't Figure Out Financing
I've found a property I would like to purchase, but I'm having a hard time figuring out a way to finance it. The asking price is $120k, and the problem I'm running into is that I cannot use gifted funds for the down ...
Alexandra Scardo
Owner Financing Terms
I’m interested to hear how others decide what terms to offer on an owner financing deal. Specifically I am wanting to talk to sellers and present them with terms I am willing to pay for their property. I understand th...
Carlos Liriano
Making proposals to buy apartment building
Hi big pocketers,
What do you consider to be the best way to make a proposal to buy apartment buildings? directly from owner.
Chauncey White
3 or more reasons WhY Commercial properties are vastly......
3 or more reasons WhY Commercial properties are vastly superior to residential properties:
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential ...
Michael Wentzel
5-year balloon/maturity?
I currently own one single-family and one multi-family. Both are conventional 30-year fixed mortgages. I'm now looking at properties at a lower purchase. I'm dealing with a regional bank and the mortgage banker enc...
Account Closed
Finally! A counter to one of my offers.
Got a counter to my 3 option letter!! The counter is reasonable and my numbers still work for a buy and hold. ARV $69,000 as a 2br, however could easily be listed as a 3br. Repairs ~$29,000. Asking: $34,000 Rents for ...
Constance Chambers
How to vet private lenders? They creep me out
We’ve made over 10 offers on sound deals meeting our criteria, only to get beat out by “cash offers” so I’m considering private $ lenders & have been contacted by a few...but I get totally on the defensive every t...
Kelly P.
Seller financing down payment - deal term ideas
How do I structure the offer asking seller to finance the down payment? I qualified for a mortgage (excellent credit; solid W2 income), but don't want to use my own money for down on 2nd home. Seller has $175K mortg...
Allende Hernandez
Wrap a HELOC
Hi guys,
I have a seller that has a HELOC of 144K with 18 years left and he is wiling to do a wrap with a 5 years balloon to a buyer(I'm just assigning the contract)
I'm too new to all this and I'm not sure if its ...