Account Closed
owner financing suggestions
have a 4 unit property that i'm thinking of seller financing...price--145,000....terms would be 10% downpayment, 8.5% interest amortized over 25 years w/ 5 year balloon...any suggestions?? i get that at about 1,003/mo...
Charlene Rakhshani
1st is foreclosing, 2nd is w/IndyMac
I'm going to approach the owner to purchase a foreclosing home, subject to lender approval of a short sale on the 2nd and 3rd. Indy has the 2nd and WaMu the 3rd. What can you tell me about these lenders? Auction is...
Dan W
Tenant not paying water bill
Hi,
I have a tenant in a SFH in Philly who has not paid their water bill the last couple of months. The water is in my LLCs name (was advised that I should do that instead of having it in tenants name). What legal ...
Gabriel Wertz
Best Way To Purchase SFR From Business Partner:
I purchased a single family detached rental with a business partner about three years ago. We have tried to list it with an agent twice, with not so much as one offer. It is currently not on the MLS and we are in the ...
Oscar Mejia
Probate court question
I have a lead on a property in Orlando, Florida the owner died (no will) the family is getting the documents prepared to transfer title is there anything I can do to help move this sale along. Do they have to have the...
Scott Choppin
Apartment Financial Underwriting - Part 1 of a 2 Part Series
In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. I feel the need to write an article on this, since in many of these conversat...
Tracey Hamilton
Foreclosing on a private wraparound mortgage
Getting ready to do our second "owner carry" deal where we are the sellers. We own the property with an existing HELOC with a balance on it against the property. No other encumbrances. We are selling the property o...
Julian Montes
Becoming a realtor as a career?
Is it a realistic goal for me to become a realtor right out of high school (currently in 11th grade)? I have the opportunity of going to college (being a finance major to work in RE), working a job (maybe), and being ...
Cameron Parr
Renegotiate, walk away, or follow through?
I’ve been under contract to purchase a duplex since October 2019. Property had a messy title and I was told it was cleared and ready to close February 2020. I went for final walkthrough and water to the property was n...
Nate Tew
Refinance to become a cash flow property or save funds for future
Hello all! First of all I love this site and very thankful for the discussions, books, and podcasts that I have delved into this year. I am new to the game and trying to educate myself as much as possible this year.Q...