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I have a deal under contract currently for $130,000. It's a tri-plex in Louisiana. I'm in contact with a local commercial bank and the seller is willing to finance the deal at 8% on 15 years or I can get a loan from t...
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Does a refi make cents?I got a call recently from an investor named Brad that had a conundrum. He was looking at refinancing a mortgage from a 30-year fixed ARM (adjustable rate mortgage) to a 15-year fixed mortgage.A...
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We just presented an off-market seller several options to purchase their home, and they seem to be leaning more towards the seller financing route (for the highest purchase price). However, we've never done this befo...
You have a great deal, the seller said he'd help with financing, but not sure how to make that proposal - you know you'd be better if you didn't have to look for HML's or conventional financing - Can you add to these ...
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Someone called off my letter that I sent 4 years ago.
Long story short, 3-4 yrs ago, three heirs inherited a house and later sold it to a son of the 3rd heir. First two heirs jointly financed 2/3 of the loan (one not...
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Hi everyone, I recently watched the BiggerPockets Podcast (300 Doors ALL Through Creative Financing w/ Pace Morby) I'm on my 5 time watching it trying to comprehend everything that Pace does. I was just curious if any...
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Hello All,I need some advice or guidance. I’m currently on the process of a rehab on a duplex. I hired a contractor who told me he would be able to finish the job in 2 months. I awarded him the $57,000 contract and wo...
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My now ex tenant, the one detailed in earlier posts concerning his drug dealing, has been in touch. I had written a demand letter for over $5k of damages to the unit, backing this up with invoices for painting and flo...
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Am looking to buy my first house. Found a duplex for $550k with tenants paying $1100 on a month to month lease. Tenant that would be staying is expecting a rent increase. My question is about doing 3.5% down or 20% do...
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Hello everyone, I'm new to this forum and new to real estate investing. I'm excited to be a part of this forum to discuss, learn and provide whatever related knowledge I could along the way as well.
I am looking a...