All Forum Posts by: Doris Garcia

They never mentioned a ballon payment. 

Thank you so much for your feedback 🙏I really appreciate it! 

Currently watching YouTube real estate videos as I am trynna figure out if this would be a good deal or not. I want to finance to turn to an air bnb in Fl. Preferably a turn key. 

would anyone know if this would actually be a good deal? 

I am doing my research, I promise! Lol I am just not good rightnow lol

Duplex, fully furnished, new roof in 2020 and renovated in 2021 

Pp $595k
Dp $50k
Monthly payment of $3k to seller
Taxes and Ins run about $483/mo
6.5% interest
20 yr term- pre payment penalty of 15% for first 10 yrs then drops to 7% for remaining 10 yrs
Rented for $4600 total through Sept/oct currently (with mid term rentals)
Fully furnished (plates, sheets, etc)
Airbnb average $5500-5800/mo (per airdna and Mashvisor)
Assignment $30k
Buyer pays closing costs

Completely turn key. New roof in 2020, completely renovated in 2021. Stocked for an Airbnb- extra everything, sheets, comforters, even a microwave!

Not sure if the interest rate is too high, but wondering if this is a good deal already..? 

 @Steven Foster Wilson

You are awesome! 

Thank so much for taking the time to share some tips with me, I really appreciate it! 🙏

Thanks for the warm welcoming everyone! 

I appreciate all the tips! ❤

I am subscribed to Pace lol I learned so much from him and bigger pockets too🙏Thank you! 

Thank you so much! :) 

Hi everyone! 

New to the investing world here 🖐 I am looking to invest anywhere in the Orlando, Fl area through seller finance. 

What are the questions I should ask? 

I am learning everyday but can't wait any longer and need to just do it lol! 

Any advice?