All Forum Posts by: Nathan Mills

Make your passive income more passive.  has been designed specifically for Owner Operators in mind. Super easy rent roll, tenants pay rent directly into your bank account and it also gives beautiful tools to make your tenant's lives better. Manage your 'Rents' at a glance with a grin. 

I own 35 units and absolutely love the app! Easier and less expensive than the enterprise level stuff while still making me look professional to my tenants. 

Give it a look. Let me know what you think. If you have any questions feel free to shoot me a direct message or contact us through .  

- Nathan Mills

Real Estate and Technology Investor

@Linda Coughlin What size LTV are your loans?

Just got the term sheet on a triplex in NC set to close at end of month. 

$350,000 purchase price w/ $50,000 capital improvements. 75%LTV , Variable @ Prime +1% (currently 4.75%) 20 Years

@David Brown Correct, Bank financing is going to be a problem here as well. ***A negotiation point. You could offer him a deal above market value but continent on the place appraising for that price. If the bank appraises for the agreed price than it's not 100k over valued, there was something you missed. Also don't forget there is value in the owner financing. Sometimes it's worth overpaying *a little bit* if the owner is willing to owner finance with good terms (4-5% 20-30 years). Happy  to help you figure this one out just keep me posted.

One of the important aspects of rental property is leveraging the one's you currently own to pull cash forward to do other deals. It could inhibit your ability to pull cash out if the appraisal value is below your purchase price. If you have plenty of cash and are looking for a return then this isn't the worst place for your money. 

Could you resell it the day after you purchased it and make a profit?

Basically, I believe the "win is in the buy" and if you are overpaying for property your not winning.