All Forum Posts by: Xavier A. Malave

Awesome thank you so much for that information 

any idea the interest rate for 18months for May?

I saw 3.26 but I want to make sure since is my first time 

So I have to calculate the interest rate base on the year and not on the 18 months I'm putting on the deal?

sorry just want to make sure

this is how I see it 

AFR right now is 3.26 if I'm not mistaken. 

Price $575k x 0.0326 = $18,745

$18,745/18 =$1,041 monthly on interest? 

That's what her attorney is saying.

Hello,

Quick question, do I need to put an interest rate on a seller financing deal in Texas to avoid problems with the IRS?

If so, what is the minimum AFR for a 36 months Self Storage deal?

I'll appreciate any help ASAP since I'm about to lose the deal haha

@Dennis Bamford awesome 

Hey!

Just wanted to see if there’s someone out there with plenty of experience doing seller financing deals. I’m looking for someone to help me figure
out if I’m putting a good deal together. I have some numbers and some offers in mind but I’m not sure if I’m making a good deal. Is only for 3 years and they are asking $595k for the Self Storage property. I’m trying to do a low monthly payment which they are willing to take and a low interest rate of 6%. What worries me the most is not having enough equity at the end of those 3 years to be able to refinance. I’m trying to run the numbers but I’m worried about doing the math wrong and getting myself into a deal that don't make sense. 

I’m a professional home inspector in Texas doing business as Xa Inspect. I’ll like to provide value to whoever provides me value and I’ll be more than happy to work something out as thank you for any help!

 Awesome, thank you so much. I did the research but I didn't found that about the residents pf those states.

Hello!

Me and my girlfriend (real estate agent) are looking to start our own Property Management Company but it looks like most places require either a Brokerage licence or have a Brokerage in charge. Is there any state where is easier to start a Property Management Company or someway I can start the company without needing the license?

I'll appreciate any feedback

Awesome, thank you so much for that information!

Hello BP!

I'm currently looking to start my own business with my LLC to manage property for other investors.

Question: Do I need to have a Brokerage license to start my business or can I start it without one? 

I read that I can actually start my business without one but I want to confirm it and maybe get some guidance and tips since is going to be my first time.

I'll appreciate any help and tips!!

Have A WonderfuL Day!