All Forum Posts by: Jaden Zubal

Steve, thank you, that is super helpful. This would be my first experience with a commercial loan so it’s good to hear the feedback on problems you have had. It sounds like 6% is also very reasonable from the seller finance aspect as well.

Kai, thank you for the feedback, the 4% note is held by an older couple that has said they definitely want to keep it going as they are enjoying the retirement income they are receiving from it. A balloon payment has been discussed with anything from 2-5 years... it definitely sounds like 2 years would be a mistake.

Hi Everyone,

I am currently looking at a deal for a 14 unit complex that has a seller financed note and the current owner is offering an additional seller finance to close the deal. He is asking for 6% interest on his deal, and I would just take over the original seller finance that holds a 4% interest rate. The 6% would include about 60% of the total asking price, and the 4% note would include around 35% of the total price, with a 5% down payment. 

My question is, would it be advantageous to look at a commercial loan, rather than take the 6% seller finance piece? And is it possible to finance that part without additional down due to the bank only financing roughly 60% of the deal?

Thanks in advance for any feedback you can provide!

Hi Everyone! 

I have been in the Insurance Based Financial Planning world for a few years now and work with many Real Estate Investors but have yet to be a part of it. This community has been amazing for education as I figure out what the best strategy for myself is going to be. I am very interested in doing local fix & flips then using the gains from that to purchase turnkey properties and wanted to get some feedback from some of you with experience in that. Any advice you could offer a beginner would be fantastic! 

Additionally, I have been very interested in purchasing a duplex in my area (Davis & Weber Counties, UT) that needs some rehab, and living in one of the units for a while. The intent here would be to acquire the property with an FHA loan for ~70% of the ARV, do the rehab, then refinance to a conventional, however I am not sure how realistic that is and would love feedback there as well.

Thanks!

Jaden