All Forum Posts by: Clement Ndifor

My wife and I get creative with our financing. We maximize sellers assist with commercial loans because there’s no limit. For example if the seller is asking 120k we’ll offer them 150k with 16% sellers assist. Thus leaving the seller with 123k at closing and us 27k towards our closing costs. It’s a way to fool the bank into financing our downpayment. We also wave inspections to sweeten the deal. Obviously don’t tell your lender either because all they need is a copy of the sales agreement and don’t need to k on anything else besides the price and sellers assist amount.

Is this only possible with commercial property loans? Incredible idea though!

Yes only commercial loans, from our knowledge the cap on conventional,fha, and etc is 6%

Hey Patrick!
Would it ok for me to message you privately and talk more about this? I'd absolutely love to learn more.

Thank you!

Ditto.

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It not so common but in some situations, utilities are rolled into the rent price especially in str

when looking at multi family there is a lot of roof space which can also be monetized with solar.

what are your thoughts on this?

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Looking to save money on your utility bills as well as gain property value on your property, then I would recommend you look at solar.

Before you can get a renter they are already always wondering what their utility bill can look like, and imagine selling to a client utility free property?

let's discuss solar for your property.

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Quote from @Bill B.:

Probably 5% will appreciate the golf? Maybe 20-30% the pool?

Figure out how much you can raise rents if you do one of these and divide the cost by that figure. It will tell you how long to get your money back and then the future returns. I assume you’ll find they are both bad investments. Don’t forget to subtract pool service and electricity from the extra pool rent.

Also adding solar to your property hedges against pool costs and overall costs of your property.

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Jacksonville, Florida

I have been in the real estate industry for about nine years now. My initial niche was student rentals in Md and the Baltimore university areas. I was a very early tesla renter in 2018 when most were still waiting to order reservations. I was building on my Airbnb and Turo portfolio of vacation packages. I eventually got introduced to solar panels when I was looking to save on my utilities by charging over 8-tesla cars at my peak before Covid.

It was a revelation. I have travelled the country and the world consulting for various developers and companies. I love the Caribbean and southern states as they have the most abundant sunshine, and are perfect work/play combination.

The main question you have to ask yourself is, will you live in a house or work in a building without electricity? That answer is always a resounding NO.

That means even before you own or rent out your building, you want to own your means of electricity production.

I would love to discuss with anyone interested to see how solar can be a compliment to your portfolio.

A pleasure to be here.

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All Forum Posts by: Clement Ndifor

Clement Ndifor has started 5 posts and replied 25 times.

Post: Ways to finance a down payment for a seller financed deal?

Post: Have you considered solar benefits for apartments that include utilities

Post: Equity gains and Utility ROI with solar

Post: swimming pool vs 4-hole putt-putt golf in backyard

Post: How solar boosts your portfolio