All Forum Posts by: Tara Montgomery

Where do people find a trustworthy credit partner?

@Ko Kashiwagi Thank you for your feedback

@Devin Peterson Thank you for the feedback

Someone recently suggested that I used a person (unknown to me but referred) to use their credit to help be refinance. I was told they would have to be 50/50 on the business with me and as long as they are at a 620 or a 680 this is doable. Has anyone done this before? Is this ok to do? My issue is my credit took a hit during renovations and I had to evict someone that wasn't supposed to move in a property. My largest goal is to get a refinance quickly. Also are appraisals always required I know that some companies used BPOs. The value is in the properties I just have to refi to get there if that makes sense. I could use the input from a more experienced investor as I am in a tough cookie at the moment and don't want to make decisions out of despair. Also if you have any other suggestions as time isn't my buddy at the moment.

@Marco Bario this is perfect thanks so much this exactly what I was looking to get feedback on. Thank you for this reply.

Hi @Marco Bario I am the seller. I was asking from a seller's point of view.

@Salvador Auciello Thank you for your input. What rate do you typically see?

Hi I am considering offering seller financing for a property and want to get ideas on terms to offer and a general experience that any bigger pockets members had as this would be my first time offering this. My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. Please tell me if any of you have done seller financing before?  How did it work out? What were the terms? Was it worth it? Looking for a discussion for ideas on what I should consider from those more experienced in creative real estate financing.

@Andy Sabisch Thanks so much for the suggestions I ended up finding flooring $2,000 under the least expensive flooring at Lowes/Home Depot  my lowest quote at the pro desk was approximately 6k and I ended up spending approximately 4k Thank you again !! 

Hi I am rehabbing 2 houses and need bulk materials pricing. I know about the pro desk at Lowes & Home Depot already

but am posting to find out the least expensive place for bulk materials or discounts for Flooring, Furniture & Cabinets. The flooring needs to be LVP or LVT .