All Forum Posts by: Kevin Mason
Kevin Mason has started 4 posts and replied 7 times.
thx
I'm considering buying the training course. Is the training material books or pdf's?
Post: Max interest on a land contract?
- Posts 7
- Votes 1
Who’s that?
Post: Max interest on a land contract?
- Posts 7
- Votes 1
My uncle is selling me a property worth $100,000 for $60,000. The terms are $24,000 down, $1000/mo for 36 months. 0% interest.
He suggested putting down a purchase price of $45,000 and with 20% for 3 years, comes out to about $60,000 total. It would be nice to write the interest off, but I don’t want to go beyond usury rates. I can’t seem to find the info as it pertains to real estate. Anybody know if 20% is too high in Ohio? Thanks!
I want to buy a seller financed property. What’s the maximum interest rate that can be charged? I’m in Ohio. Thanks!
Post: Background check form
- Posts 7
- Votes 1
Maybe I overlooked it, but do we have a background check authorization form that the prospective tenant signs to allow us to do a background check?
I have a Solo 401(k) that has just under $35k and I'm trying to get some ideas on the best way to invest it within RE. REIT's? Buy inexpensive property? I have a good working knowledge of the business, but no investment purchases. What do you guys suggest?