All Forum Posts by: Stuart Dean

thanks Joe and Steve, really appreciate the insight. I was doubtful so that's why I came to bp. Having never dealt with seller financing before, I was a bit unsure.

thanks all for the responses. I agree, not really pushed to sell so I'm going to focus on maximizing my income on the property and see what happens. Appreciate the advice.

Thanks for the responses, I am patient that's why I'm coming here to ask for advice. The reason the cash flow was so tight on this is because it's a vacation rental due to an exclusivity contract with the prior mgmt company I missed out on some of the high season. Again, nbd in my mind, I'm a long-term guy. Here is my breakdown of what I'd be making, please let me know if my thinking is flawed.

41k downpayment - (adjusted agent fees...my agent is taking 5k off his fee) 20k = 21k

Spread on interest rate over the course of five years = 21k

Balloon payment net= approx. 14k

So all said and done over the course of five years, I stand to make over 50k on my approx. 100k investment. Not bad I guess, not great. 

Appreciate your input. Any thoughts on what type of counter you would put in?

I purchased a property in Feb2017 for 360k. Put about 15k into it. Property cash flows about $500/month. A lot of development is going on around the property, so my agent suggested a month ago to put it on the market for 499k and see if anyone bites. I am a buy and hold and was not interested in selling, but if someone wants to pay me that much sure I guess.

Got an offer today for 412,500 with seller financing. Here are the terms:

$412,500

10% down

5% 30yr amort, 5 yr balloon

FIrst time dealing with seller financing, so would appreciate any insight. Thanks

I am purchasing a third duplex. the first two I put 25% down on, so have some equity there. I don't have enough cash on hand to put 25% on the third. I can sell some shares in investment accounts to fund the purchase, but I know will take a tax hit and am interested if anyone has a creative way they have financed purchases before.

Appreciate any advice.

I am a new investor-over the course of the past year I have purchased two duplexes with conventional investor loans on my personal credit profile.

I have built up enough money to put 25% down on a third, but am wondering if I should be focusing on paying down my existing properties first so I can move them into an LLC? (I am under the assumption for tax reasons having them in an LLC is much more preferable.) Appreciate any advice.