26 January 2025 | 28 replies
Feel free to bring any question you have or ideas for topics you’d like to hear about, whether for novices or advanced investors.
28 January 2025 | 1 reply
Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?
28 January 2025 | 0 replies
Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
28 January 2025 | 8 replies
Using seller financing allows your in-laws to spread their $217K capital gain over time, reducing their immediate tax burden and helping you conserve cash.
29 January 2025 | 10 replies
So its either all cash, findings those needle-in-a-haystack lenders, or would need to be some other creative structure
28 January 2025 | 2 replies
Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.
28 January 2025 | 8 replies
My next question is what kind of cash do you have available?
28 January 2025 | 4 replies
But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.
27 January 2025 | 13 replies
Most of the time, we resolve the situation in less than three months through cash-for-keys agreements, court mediation, or by creating enough pressure that the tenants decide to leave on thier own.We currently manage over 700+ units and flip about 20 multifamily properties a year, the majority of which have inherited tenant problems.