All Forum Posts by: George Frye

I was brought the opportunity to buy the note on 40+SFR, however, it is a blanket loan and all 40 are under one note. If the borrower isn't paying do I have the right to foreclose on all 40 at one time or will each home have to be foreclosed individually?

Thanks @Tim Fitzgerald, in this case I'm purchasing a owner financed note and considering selling it to an Institution for a quick flip

well this is a commercial note with over 18 months seasoning, with a healthy down payment. 

Chris that's kind of what I'm hoping to do. Get my perfor.ing buyers to refi out and cash me out quickly 

Has anyone ever heard of a note being sold to an institution? If so how do you go about selling an owner financed performing loan to a bank?

They just want to deploy dead capital and get some cash flow @Cameron Tope

Thank You all for your advice. I have more to think about then

Thank You @Cameron Tope. I was trying to decide on whether to do a % of return on monthly rents. As well as a split of profits at the sell. Or should we just split everything with them getting a lions share of everything? 

thank you Jon, this is my first apartment deal. My next question is how would you structure it. You said dont make it lucrative for me but what does that look like. 

I have built a relationship with several possible le joint venture partners. They will only be putting up down payment money. I will be handling managing all other incidental issues. 

What are fair yet attractive terms for my jv partners?