Every property carries its own reserve runway.We budget 10–15% of gross rent per property depending on age and rehab quality.Older systems = higher reserves.

You can carry all or part of the sale price, set the interest rate, term, and even a balloon payment.Before doing it, make sure the monthly payments cover your costs (taxes, insurance, HOA if any) and leave a margin for cash flow.Also, consider having a note and mortgage/deed of trust drafted by a professional, so you’re protected if the buyer ever stops paying.Owner financing can be a great way to get higher returns than traditional sales, but you want the numbers to pencil out for you today — not just for the buyer.

Now, he has offered for me to come in as an Equity Partner to start building my own portfolio.The Roles:Me (Money Partner): I fund the down payment, closing costs, and carry costs. ($70k total capital contribution).Him (Operating Partner): He found the deal, holds the loan in his name, manages the contractor/renovation, and handles property management.We wanted to do a 50/50 partnership and initially looked at flipping the house.

No activity carried on within the Premises or common areas of the property willbe permitted which threatens the health, safety or property of any building occupant,or of Landlord.14.

The right market fundamentals carry a lot of the weight.Senior living, on the other hand, feels very similar to the operational challenges we saw in the hotel and condotel space.

Have them carry back a note for a certain period of time (even one year might be enough). 

New York is an expensive state due to purchase prices, Taxes, and mostly LTR due to seasonal and winter months.NY also carries a .25 rate add on to the rate or cost and unless you refinance using a CEMA loan you pay a ton more overall. 

But only do it if the rent market analysis will justify spending money to get the extra rents.

.• If you paid LLC #1 with cash-out or equity, record that as “Due to LLC #1” (intercompany payable).Big picture:LLC #1 got reimbursed for all the money it put into the project (purchase + rehab) and keeps any cash-out.LLC #2 now owns the rental and carries the new refinance loan going forward.It’s simply an intercompany transfer wrapped around a refinance.Two sets of books, two clean entries, and the numbers stay honest.

Much of the real work is quiet, unseen, and unromantic… And some days it feels like you’re carrying the entire mission alone...