All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Start here
  • Education
    Forums

    Learn from and contribute to 658K+ real estate discussions

    BiggerPockets Podcast

    Listen to weekly interviews with investors & entrepreneurs

    BiggerPockets Blog

    Delve into 8,800+ articles by experienced investors

    Member Blogs

    Read original articles by BiggerPockets members

    Guides

    Master the ins and outs of fundamental real estate topics

    The Money Show

    Listen to weekly interviews that will help get your financial house in order

    Webinars

    Sign up for this week's free webinars hosted by experienced investors or view previously-held webinar recordings in the Archives

    Videos

    Browse our library of real estate related video content

    Free Course

    Experience The Financial Independence Blueprint video series - a free four-part video series

    Topics
    Property Management Property Types Finance Strategy Finding Deals Business Operations
  • Network
    Members

    Search over 1,265,000 members across BiggerPockets

    Companies

    Explore over 31,000 real estate-related companies

    Real Estate Agents

    Find an investor-friendly agent near you

    Hard Money Lenders

    Pinpoint lenders near you with our nationwide database

    Events

    Find upcoming real estate events and meetups near you

    Jobs

    Browse real estate job opportunities in your area

  • Tools

    Calculators

    • Fix and Flip
    • Rental Property
    • BRRRR
    • Rehab Estimator
    • Wholesaling
    • Mortgage Payment
    • 70% Rule
    • Airbnb Calculator

    Services

    Find a Contractor Get a Mortgage Loan Tenant Screening External Link

    Additional Tools

    FilePlace

    Download presentations, spreadsheets, contracts & more

    REI Resources

    Dig into thousands of curated real estate tools & resources

    Calculators
  • Marketplace
    Properties For Sale

    Buy and sell real estate deals or seek out partners, financing, etc.

    Find Foreclosures External Link

    Search this comprehensive database of nationwide foreclosures

    Ads, Jobs, and Other

    Advertise your real estate business, deals, financing & more

  • Bookstore

    Featured Book

    Recession-Proof Real Estate Investing book cover

    Recession-Proof Real Estate Investing

    This easy-to-follow guide will show you how to make money during all of the market’s twists and turns! Accomplished investor J Scott dives into the theory of economic cycles and the real-world strategies for harnessing them to your advantage.

    Get the book now

    Real Estate Books

    • Flipping and Estimating Bundle
    • How to Invest in Real Estate
    • How to Sell Your Home
    • See All Books
    Real Estate Books

    Shop books covering real estate investing and personal finance.

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

    Real Estate Forms

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

  • Plans
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowBuying & Selling Real Estate DiscussionArrowAnother New Rental Offer
  • Newest Posts Arrow Down Light
    • Newest Posts
    • Unanswered Discussions
  • Trending Arrow Down Light
    • Top Discussions
    • Trending Discussions
  • General Real Estate Arrow Down Light
    • Local Real Estate Forums

      Real Estate Forums near you

      • North Carolina Real Estate Q&A Discussion Forum 2.3K Posts 350 Discussions
      • New York City Real Estate Forum 1.3K Posts 191 Discussions
      • Norfolk Real Estate Forum 350 Posts 35 Discussions
      • Baltimore Real Estate Forum 1.8K Posts 223 Discussions

      View all Local Real Estate forums

    • General Info
      • BiggerPockets Exclusive PRO Area 16K Posts 3.0K Discussions
      • New Member Introductions 488K Posts 56K Discussions
      • Real Estate Not-So-Successful Stories 523 Posts 41 Discussions
      • BiggerPockets Summer Reading List 92 Posts 14 Discussions
      • Real Estate Quizzes 696 Posts 21 Discussions
      • BiggerPockets Money Podcast 675 Posts 50 Discussions
      • FAQ Forum 132 Posts 9 Discussions
      • BiggerPockets Webinar Discussion Forum 459 Posts 15 Discussions
      • Questions About BiggerPockets and Official Site Announcements 42K Posts 4.1K Discussions
      • Real Estate Success Stories 77K Posts 3.7K Discussions
    • General Real Estate
      • Buying & Selling Real Estate Discussion 423K Posts 58K Discussions
      • Investor Deal Diaries 17K Posts 863 Discussions
      • Construction & Remodeling Diaries 6.1K Posts 1.0K Discussions
      • Renters Discussion 44K Posts 5.1K Discussions
      • Military Investing 5.4K Posts 530 Discussions
      • Completed Deal Diaries 5.6K Posts 1.9K Discussions
      • Do it Yourself 32K Posts 3.5K Discussions
      • Get Foreclosure Help - Stop Foreclosure Forum 6.6K Posts 910 Discussions
      • Home Owner Association (HOA) Issues & Problems Forum 6.2K Posts 910 Discussions
    • Reviews & Feedback
      • Ask About A Real Estate Company 24K Posts 2.7K Discussions
      • Real Estate Deal Analysis and Advice 131K Posts 18K Discussions
      • Real Estate Guru, Book & Course Reviews and Discussions 28K Posts 2.9K Discussions
    • Investor Basics
      • Real Estate Investor Marketing Help & Advice 46K Posts 6.5K Discussions
      • Starting Out 290K Posts 41K Discussions
      • General Real Estate Investing 144K Posts 19K Discussions
      • Investor Psychology 21K Posts 1.6K Discussions
    • Landlord & Tenant Forums
      • Landlord Forums & Rental Property Questions 358K Posts 39K Discussions
      • Mobile Homes & Mobile Home Park Investing 19K Posts 2.3K Discussions
    • Foreclosures
      • General Foreclosure & Pre-Foreclosure Forums 33K Posts 5.2K Discussions
      • REOs 17K Posts 2.2K Discussions
      • Short Sales Questions 17K Posts 2.1K Discussions
      • HUD, VA, and Tax Sales 10K Posts 1.5K Discussions
    • Real Estate Strategies
      • Real Estate Wholesaling Questions & Answers 137K Posts 18K Discussions
      • Rent to Own a.k.a. Lease Purchase, Lease Options 15K Posts 2.3K Discussions
      • Short-Term and Vacation Rental Discussion 22K Posts 2.0K Discussions
      • Tax Liens, Notes, Paper, & Cash Flows Discussion 34K Posts 3.9K Discussions
      • Innovative Strategies 27K Posts 3.4K Discussions
      • Real Estate Development & New Home Construction 19K Posts 2.6K Discussions
      • Rehabbing and House Flipping 110K Posts 13K Discussions
      • 1031 Exchanges 8.7K Posts 1.4K Discussions
    • Commercial Real Estate
      • Commercial Real Estate Investing Forum 36K Posts 4.8K Discussions
      • Multi-Family and Apartment Investing Forums 96K Posts 10K Discussions
    • Business Basics
      • Goals, Business Plans & Entities 25K Posts 3.5K Discussions
    • Real Estate Technology and the Internet
      • Real Estate Technology, Social Media & Blogging 16K Posts 2.3K Discussions
    • Loans, Mortgages, Credit Lines
      • Creative Real Estate Financing Forum 50K Posts 7.5K Discussions
      • Real Estate Crowdfunding Forums 5.6K Posts 384 Discussions
      • Private Lending & Conventional Mortgage Advice 105K Posts 14K Discussions
    • Financial, Tax, and Legal
      • Tax, Legal Issues, Contracts, Self-Directed IRA 100K Posts 15K Discussions
      • Personal Finance Forum 18K Posts 2.0K Discussions
      • Property Insurance Questions & Discussions 11K Posts 1.8K Discussions
    • Real Estate Professionals
      • Contractors 18K Posts 3.7K Discussions
      • Real Estate Agent Forums 47K Posts 7.0K Discussions
      • Bankers, Lenders, and Mortgage Brokers 12K Posts 1.9K Discussions
    • Real Estate Marketplace
      • Marketplace 227K Posts 88K Discussions
      • Real Estate Events and Happenings 57K Posts 12K Discussions
    • Off Topic
      • BiggerPockets Real Estate Investing Summit 2.0K Posts 107 Discussions
      • Off-Topic 43K Posts 5.3K Discussions
      • Housing News & Real Estate Market Discussions 15K Posts 1.8K Discussions
Start a Discussion

Another New Rental Offer

7 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
  • 1
Lukasz Kownacki
  • 19 posts
  • 0 votes

Lukasz Kownacki
from Middle River, Maryland

posted over 3 years ago

Good Morning BP community,

I recently was able to find a seller fianance deal from a real estate investor who wants to reitre and seller fianance all her properties to have a cash flow. I was given a offer to take all three properties but I only see possible potential in one.

Lange Street: 2 Unit currently rented for $850 each unit. She owns Free and clear.  $100,000 at 5.5% no money down. 30 years

Larkhall Rd: single family $90,000 currently rented for $1100. Owns 80,000 on it still (641.90 monthly) plus $10,000 at 5.5% no money down 30 years.

2nd Larkhall Rd: single family $90,000 currently rented for $1100. Owns 75,000 on it still (620.55 monthly) plus $15,000 at 5.5% no money down 30 years.

 I ve been tryig to play with the numbers. What do you think? Are the ABC streets even worth investing in?

Thank You Again,

Lukasz

@rob gribben

Lukasz Kownacki
  • 19 posts
  • 0 votes

Lukasz Kownacki
from Middle River, Maryland

replied over 3 years ago

These are all in Dundalk. Baltimore Maryland

James Kendrick
  • 41 posts
  • 28 votes

James Kendrick
Investor from New York, New York

replied over 3 years ago

What are you looking for?  Cash flow?  Appreciation?  Stability?

You can get the same cash flow in other areas for much cheaper but with more risk.  The seller financing terms are attractive but I think you can do better.  Baltimore is a complicated animal right now.  You need to be in the right areas.  And unfortunately they don't always equate to the most logical investments. 

Natasha M.
  • 208 posts
  • 30 votes

Natasha M.
Investor from Columbia, Maryland

replied over 3 years ago

@Lukasz Kownacki

Hiya neighbor! If the houses are in really good condition & the renters are stable that's not too bad of a deal in Dundalk.

Alex Morstadt
  • 27 posts
  • 10 votes

Alex Morstadt
Lender from Alexandria

replied over 3 years ago

She doesn't have due on sale clauses on those mortgages? What happens if the banks foreclose on the properties? You could be stuck with some serious issues with the ones which she owes on.

David Avetisyan
  • 396 posts
  • 111 votes

David Avetisyan
from Glendale, California

replied over 3 years ago

I wouldn't be interested in an owner financing on properties she doesn't owe free and clear. It can get messy.

Govern yourself accordingly 

Matt F.
  • 15 posts
  • 5 votes

Matt F.
from Columbia, Maryland

replied about 3 years ago

Hi @Lukasz Kownacki , I was wondering how this panned out - did you end up making an offer on anything ?  

Lukasz Kownacki
  • 19 posts
  • 0 votes

Lukasz Kownacki
from Middle River, Maryland

replied about 3 years ago

No I only saw one of the properties being worthy and the other ones were very bad deals.

  • 1

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Sign up below to download the eBook for FREE today!

Download the eBook Now

Lock We hate spam just as much as you

Top Contributors

Russell Brazil
Russell Brazil
Rockville, MD
7.63
Score
Jay Hinrichs
Jay Hinrichs
Lake Oswego OR Summerlin, NV
7.45
Score
Chris Hanisco
Chris Hanisco
New England
6.38
Score
Jonathan Taylor Smith
Jonathan Taylor Smith
Raleigh / Durham (Triangle), NC
6.07
Score
David Waddleton
David Waddleton
Los Angeles
3.87
Score

Trending Discussions

  • Should I report this agent to the Board of Realtors or?
    102 Replies
  • California to make "Solar "mandatory for new Homes!!!!!!
    56 Replies
  • Does Number of Days on MLS affect your buying decisions?
    76 Replies
  • Should we wait or go for it?
    31 Replies
  • Why have others given up? (conversation starter)
    53 Replies
Close Thin

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here

Already have an account? Click here to log in

Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • Perks
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • Google+
  • YouTube
  • Instagram
© 2004-2019 BiggerPockets, LLC. All Rights Reserved.