All Forum Posts by: Kim Durst

Hi all

We are worried about losing grip on our finances and need advice. There is money coming in, going out, receipts coming out of ears, bills to track, expenses, two businesses to run, taxes, etc. 

We want to hire someone to help. BUT....not hire investors wanting to take our money and invest in the stock market.

Who should we look for ? A book keeper? CPA? Financial advisor? Quick books? We aren't experts and feel like we need direction from an expert.

we signed an agreement. 305k $5000 Down, 30 yr amortization with a 5 year balloon. We felt the safest with this option. And yes, they’re being “nice”. Better than fair price on this property. I think it worked very well for us all in this circumstance 

planning to see house in the spring but want to take the full 5 years at a lower rate to pay off the new place in full with NO mortgage

I am aware of the imputed interest. I'd like to hear if anyone has a good negotiation strategy or a set of terms that are creative and good for all of us.  

Thank you Jim. My creative mind is drawing a blank. We want to sweeten the pot so that it is a good move for the owner as well. If you have any terms in mind, please share:)

I just signed a purchase agreement yesterday, $305k. The seller is financing the deal until I sell my other home. We are hashing out interest rate and terms. I am interested in an amortized 30 year term with a 5 year balloon. Seller has offered this at a 5% rate all the way down to 4.5% depending on how much cash we put down.

Here's the crazy  questions/statements......I want to pay LESS interest. I'm feeling under education in this arena and wondered if someone may have a great negotiating strategy. 

My goal is to try to pay this loan in full within the 5-10 years, depending on what my current home sells for however, I need the protection of a 30 year term payment just in case. What can I present to the seller today to sway her to consider lower or zero interest? She is open to negotiations. 

Is there a "special"way to price out rent for an in-law suite attached to our home?

@Steven Gesis Thank you. I couldn't agree more. We have bought and sold many properties over the last 20 years. Have also rented. Renting is much more freeing for us.  In terms of owning, you're right, the money to maintain, update, etc. is endless. Although this home is beautiful, etc. I'm over it. We both work full time, get  home, then work more. Weekends....yard work, interior work, upkeep, etc. Not finding much joy in it, that's for sure. We are going to list this house soon, go back to renting and start our investment journey. 

Chris, 

This is precisely what we also believe. Nice to hear that we are not alone in our beliefs! Thank you for sharing!

Thanks, Travis.