All Forum Posts by: Linying Zou

Have you ever been to a real estate group where you were the only woman in a sea of men trying to sell you something? Not here!

Join us for a night of networking, knowledge and empowerment. Each event will feature a podcast style live interview with an experienced investor so we can all learn and benefit from each other's experiences.

Our agenda
6:00 - 6:30pm Welcome
6:30 - 7:15pm Interview and Q&A
7:15 - 8pm Network and connect with other women

Food and drink will be available for purchase.

West Flanders Brewery - 1125 Pearl St Boulder, CO

Hi Guys - need some advice on a deal here - how to best get it done, using partial seller financing.  

We have a 5 unit commercial property that we put an offer on, and the seller is considering a partial seller finance on the deal to get his full offer price.The owner wants $270k for the property, but still has a $175k mortgage on it.He wants to pay off his mortgage by having us get a mortgage for $175k at least, but is potentially willing to carry the balance of the offer ($95k) or 35% of the value.Therefore we would be able to pay him a lower interest rate and put less down as commercial loans typically require 25% and a higher interest rate.

This is our first seller financing deal and we don’t want to screw it up. Anyone know how we can best go about structuring this deal to make it work for everyone and have us put as little money down as possible?

Will a commercial lender even lend on a deal like this?Anyone know of a WA lender that might be willing to work with us on this?

Any other creative solutions that we are not thinking of that we can bring to the seller?

Appreciate all the help and feedback.

Hi Everyone - need some advice on a deal here - how do we best go about making this situation work?

We have a 5 unit commercial property that we put an offer on, and the seller is considering a partial seller finance on the deal to get his full offer price of $270k.  The seller still has a $175k mortgage on the property that he wants to pay off by having us get a mortgage for $175k at least, but is potentially willing to carry the balance, offering seller financing on the remaining ($95k) or 35% of the value.

This is our first seller financing deal and we don’t want to screw it up. Anyone know how we can best go about structuring this deal to make it work for everyone and have us put as little money down as possible?  Is working out a deal like this even possible?

Will a commercial lender even lend on a deal like this?  Anyone know of a WA lender that might be willing to work with us on this?

Any other creative solutions that we are not thinking of that we can bring to the seller?

I Appreciate all the help and feedback.

@David Walker We are looking for conventional/commercial lenders

Anyone have any good investor friendly lender recommendations in the Spokane market?  

We are looking for a lender that works with investors and is savvy in providing different financing options.

Thanks!

@Karl B. Thanks for the reply. Would you do the same if your dad doesn't live where you invest?

Hi all!

My real estate partners and I currently own a few rental properties out of state which we self manage. We are starting to look into investing in Spokane. Given that one of our colleagues is from the area, the question has come up whether we should self manage or hire a property manager. Obviously, there are pros and cons with both. We have had limited experiences with property managers, and we are weighing the benefits of not having to take 3am emergency repair calls vs the cost of having someone else manage your properties. We are frequently told that no one will care about your properties as much as yourself. I'm just curious about everyone's experiences. Do you use a property manager or do you manage your properties yourselves? How did you come to that decision? If you are using a property manager, how did you find yours and how do you ensure that they are doing a good job? Finally, do you have any unforgettable (good or nightmarish) experiences that you had with self management or using a property manager that you are willing to share?

Any response and help is greatly appreciated. 

Thank you,

Linying

I thought the last event you hosted at Tony C's was very good and educational. I look forward to attending the one this week. It looks like you have a great group of speakers set up. I will also get a chance to pay you the $10 for the last event too!