All Forum Posts by: Luis Munoz

Thank you Randy! 

County appraisal is $96K

my reason behind owner financing is knowing that I won't get a approved for a conventional loan, so in theory would be able to rent both out/ airbnb where my side would necessarily keep both loans afloat and make some profit.

I appreciate the insight! I have applied the numbers to online rental property calculator's and the numbers on that said keep showing a negative return on the investors side including taxes, insurance, maintenance and other costs. Adding my side of the duplex into the equation results in a cash flow of $45 bucks for both properties.

i will pass on this deal.

Hi everyone! needing opinions regarding my first investment property. I currently own one side of a duplex and an investor purchased the other side and is willing to do seller financing. Here are the details:

my conventional mortgage

Balance remaining: $23,000

term of loan: 38 years

interest: 3.25%

Monthly payment $300

(investor) seller financing side

Asking $110k

Down payment of $10k

interest rate of 9%

25 year term

payment $840 estimated.

Market comps in the area would be $850 a door, resulting in $1700 gross profit. Would you take this deal? If this the wrong group please let me know!

Thank you for your time,

Luis

Hi everyone! needing opinions regarding my first investment property. I currently own one side of a duplex and an investor purchased the other side and is willing to do seller financing. Here are the details:

my conventional mortgage

Balance remaining: $23,000

term of loan: 38 years

interest: 3.25%

Monthly payment $300

(investor) seller financing side

Asking $110k

Down payment of $10k

interest rate of 9%

25 year term

payment $840 estimated.

Market comps in the area would be $850 a door, resulting in $1700 gross profit. Would you take this deal? If this the wrong group please let me know!

Thank you for your time,

Luis