All Forum Posts by: Elliot Vann

Well do you see 90% financed as realistic?

Also, I have the management experience and knowledge to successfully manage the property.

Yes, but all that would happen is the seller would be back to square one plus all the profit he made on the loan and principal. Am I wrong?

I see... Even with a significantly higher purchase price and interest rate?

Hi Bigger Pockets, I was wondering if anyone had success with completely seller financed deals. What locations? What were the terms for the financing? How did it affect the purchase price? What was your experience throughout? Did you refinance into a conventional loan? Thank you!!

I believe another huge factor is foreign investors! Due to the advance in technology and not being bound to a specific location, investors who live in an area where economic conditions are still favorable will continue to buy in the USA and therefore continue to push prices and the “bubble” gets even bigger worldwide before it pops in such a devastating way like never been seen before....

Have you reached out to any agents out of state? Picked a specific location? Have a price range? Just some advice besides the goal of getting a property by the end of the year come up with a plan of steps you would need to do to get there and when you want to execute them by. Good luck!

Currently I’m at the point in my life that I can save practically everything! But, as a saver from childhood, I can’t ever imagine not saving a chunk of my income. That would just be irresponsible. Besides investments, if your spending everything then that means you rely on 100% of your income so if anything happens to that income your in trouble with no saving to protect you.

Sounds amazing! Good luck!

Talking about biased opinions, I grew up in Passaic. All those areas are super close to the city. Depending where in NYC you have Passaic, Montclair is beautiful, Hackensack, Teaneck, etc. depends if you wanna be closer to the Lincoln Or Holland Tunnel or the GWB. Also as far as the out of state goes, if you rehab the house hack (FHA 203k always great) you could definitely beat out of state returns. Plus have a close eye and learn landlording etc.