C.S. Bryson
Is this a good deal?? New to investing and seller finance and looking for advice :)
Seller Financing Offer
Purchase Terms
1. Purchase Price: $215,000
2. Down Payment: 20% of the purchase price, equal to $43,000
3. Financed Loan Amount: $172,000
4. Interest Rate: 6.5% per annum (fixed)
5....
Michael Plaks
PPP rules for partnerships reversed on April 14
Today, 4/14/2020, the SBA issued their 3rd "Interim Final Rule" (what a name!) in 2 weeks, reversing the method of applying for PPP loans/grants for partnership.https://home.treasury.gov/system/files/136/Interim-Final...
Michael Taylor
Forbearance on Rehab loans During Corona Virus Emergency?
I just acquired a 6-unit building December 31, 2019 on the south side of Chicago, the plan is to rehab and refinance so I have a one year short term loan. I ran into some tenant issues with squatters that has slowed ...
Kara Leboeuf
BUILDING a Multi Family house to live in?
I had an idea that I'm not finding very much information about. I was wondering if anyone has built a multi family and lived in one unit after construction was completed? This seems like it would be a good way to hous...
Elizabeth Perez
Loans for self employed?
Seeking Advice: My husband and I own two SFH and rent them out for $875 & $1000 a month (we sent out $25 rent increase notices last month). $900 & $1025 is our new cash flow not accounting Taxes ($1000 a year ...
Raden Mantuano
Finally finding the home owner of a vacant home BUT
what happens when you finally find that hard to find homeowner and finally come to realize that the property isnt clear at all.. What happens then?
Da Deep
Settlement Statement
Folks, I have received a "settlement statement" that lists estimated closing costs that the buyer has to pay. I questioned some of these charges and got the lender (loan officer) to agree that they should be removed. ...
Andrew Leclerc
What to do?
Hello everyone, Newbie here. I've lurked a bit and figured I would ask everyones take on this.
I have always wanted to get into real estate. I am finally in a position that can make it work. I have perfect credit an...
Stephanie Wells
What would you do with $150-175K cash from refi?
So I’m finally taking the equity out of a duplex I purchased back in 2015. I will have about 150-170K cash after doing a cash out refi. I was going to play it safe and stay local in my Tampa Bay market, which means th...
Kevin Allen
Settlement: when do I get final costs? What papers do I sign?
New to this. I have a copy of estimated settlement costs. When should I get the final copy, at settlement?
What legal documents do I have to sign at settlement? So far all I have is an estimated settlement cost pa...