All Forum Posts by: Dan Weber

@Mark Fitzpatrick I agree with all of the other responses, but especially Wayne's. Putting the poor proposed terms aside, based on what you stated your goals are, the idea of seller financing doesn't fit those goals whatsoever. I wouldn't even bother being tempted by it. I would stick to your plan - sell it on the market and move on.

@Jessica Niles-McDonough shoot me a DM and I will send you my insurance guy's info. He is local and should be able to give you a quote, works with investors all the time.

@Greg Seivert I would reach out to some local lenders and see if any of them could offer a HELOC or some line of credit on the investment properties. That way you only pay the higher interest rate on the line of credit rather than the entire balance of the loan.

There isn't a right or wrong answer to this. It's purely based on what your goals are. Putting the spreadsheet aside, do you want to flip going forward or do you want to BRRRR property? What do you want to spent your time and effort doing? In regards to your specific situation, what is your current Return On Equity for the condo? If you think you could get a better return on that equity by selling the condo and putting it into another investment, then I don't believe there's anything wrong with selling and doing that.

Hi everyone, we had a great turn out last month! We are heading back to Flight Deck this month on Thursday, April 28th at 5:30pm. If you have any questions feel free to reach out to myself or @Robert Beardsley. Hope to see you all there!

Maine, Portland, Biddeford, Saco, Westbrook, Brunswick, Bath, Lewiston, Auburn, Boothbay Harbor, Rockland, Camden, Rockport, Augusta, Midcoast

Hey everyone, we'll be back again at Bunker Brewing in April for our next meetup on Wednesday 4/13 at 5:30pm. Looking forward to seeing everyone and getting everyone's take on these rapidly rising interest rates.

Cheers!

Maine, Portland, Biddeford, Saco, Westbrook, New England, Brunswick, Bath, Midcoast, Lewiston, Auburn

@Troy Gandee / @Dan Rivers

I like Foreside Title (Portland), Two Lights (Portland) and Red Door in South Portland.

@Jessica DeLeon I run one in Portland that meets once a month, @Robert Beardsley and I run one in Brunswick that meets once a month. @Bethany Turon runs one in Auburn once a month. Shoot me a dm with your email and I will add you to the email list.

@Jessica DeLeon What part of Maine? It's a pretty big state!