All Forum Posts by: Joshua Ferrey

Thanks Debra R. Chris Mason and Shannon Peace for your input..ill give them a call and feel them out..my first payment isn't due until October 1st so I've got a little bit of time..

Well I believe the home will appraise at around 350,000 once I paint it and my loan is 240,000..

Even with the purchase price being way below market value?

Hello BP! So I just purchased a SFR on a seller finance. Escrow closed with no problems and I now hold title. My question was if I could attain an equity line on the newly purchased property if I have no equity in it yet since I did a 3 year interest only with a ballon payment on the backend with no money down. Any help or advice is greatly appreciated. Thanks in advance!!

Hey BP community! I just closed escrow on my first property and it was through seller financing. I'm now looking for a quality loan servicing company out here in the Bay Area, or anywhere for that matter, if they can help facilitate my payment process to the seller. Any help or advice would be greatly appreciated. Happy investing!!!

Hey BP community! I just closed escrow on my first property and it was through seller financing. I'm now looking for a quality loan servicing company out here in the Bay Area, or anywhere for that matter, if they can help facilitate my payment process to the seller. Any help or advice would be greatly appreciated. Happy investing!!!

Oh I see. Its as if you are making a payment from the corp to yourself and it is considered a cost of operations? Thanks for the feedback!

Hello BP community! Im closing escrow on my first home purchase that I will be living in for a couple of years while I rehab it before I rent it out and move on to the next property, as I want to buy and hold. My question is once I accumulate more properties and begin to move them into LLC's how do I go about transferring my monthly profits from an account owned by the LLC into my own personal account? I appreciate any input! Happy Investing!

@Mike Dymski @Account ClosedThanks for your input. Those links have been really helpful! I know that having the right help can really catapult my investing career so I want to make sure I get this going in the right direction. Thanks again for the input guys!

Right in my backyard! Im in!