All Forum Posts by: Sandy D.

Thanks so much! This is super helpful info.  My follow up questions are: 1. The wraparound loan is evidenced by the promissory note but doesn't the "lender", that would be me in this case, create the note?  2.   The buyer wanted to use the cash flow to pay for their wraparound loan payment.  How do we calculate payment amount?

I own a five unit MF in Huntsville, TX on 10 acres.  I am a newbie and this is my first and only investment property.  Someone wants to purchase using seller finance so his daughter can live across the street from him.  How do I structure this deal when it still has debt service and rental income?

I bet any of you can offer some kind of guidance here and it will definitely help me - good, bad, or ugly.  I can offer number if anyone is willing to crunch numbers with me.  Thanks!!

Hi Nicholas, I am also a newbie investor in the Magnolia / Tomball area.  Would like to chat sometime about your goals and how we may work together on deals. Don't hesitate to reach out either - especially once you meet your financial goals!  :>)

View report

*This link comes directly from our calculators, based on information input by the member who posted.

... so we are in option period for the 6 unit MPH with bank approved loan. The bank approved a loan because I captured all expenses I could think of, plans to expand in the future, and the place still cash flows. My question is do I still use a bank loan or should I have gone HML? Most of the HML's I talked to said the deal was too small. Just wondering how you would respond to a seller who does not have records of receiving rents - he provide rent amounts for each unit but no record that of receiving rents. Is this a red flag? Appreciate your thoughts on this one!

Thanks everyone!  I am definitely immersing myself in the RE investment world and being a newbie here, I am  trying to figure out if I made the right decision.  I appreciate you asking for numbers!    I have calculated cash on cash as 29% and cap rate at 4% for the area.  I probably just exposed my lack of experience here...I read these posts and see everyone talking about cap in a way that I didn't realize before - how its a market barometer of sorts.  What do you think about this little mobile  home park deal with the numbers I just provided? 

Thanks for the replies!  6 units, owner owns mobiles, well water, private sewer, not individually metered. Cash flows really well with long term tenants. Will self manage for now.  Plan to triple number of homes in three years. 

Hi everyone!  SO excited to be able to share this you!  I decided last year to start investing for financial freedom.  I like to jump in so after a few months of research, I just went under contract for a 6 unit mobile home Park in Huntsville, TX. It' on lots acreage so there is room to expand.  I used to BP rental calculator and the numbers make sense.  Would you buy this sort of Deal?  And if so, what else should I be thinking about? Thanks in acreagendkwvance for your feedback!