All Forum Posts by: Shane Cook

 I would agree. It was hard to pass up the equity on the place. I will be refinancing or paying off within a year or two

a little bit of stealing and improving

 Agreed

I recently purchased a seller financed deal. The property currently holds about 25k in equity. Is it possible to use that equity??

 30yr at 9% with 10% down. Ultimately I will be financing 54k. Unit brings in 850.00 per month

I'm about to purchase a single family home that will be owner financed in Milwaukee area. Any advise on this subject

 Bob,

Could you message me I got something I'd like to run by you.

I got a potential deal lined up in Illinois. It's a 16 unit building with 15 units rented out. No major issues. I talked to the owners and the are willing to finance 30% of the loan.  I talked to banks and they will not finance due to lack of history in real estate. Any ideas on financing?

Thanks everybody for the warm welcomes. I'm actually looking to start investing in northwest Illinois. That's were I'm from and have only been in Milwaukee area for a few years plus being an assistant general manager with Menards I will be required to move again at some point . I am looking for buy and hold multi family. My time otherwise doesn't allow for flips or rehabs. As of today I am going to submit an offer for a 16 unit.     I need the owners to carry about 30% financing on that so any suggestions on how to write that offer would be great. Again thanks for the support. 

Thanks for the support