(Track each property or owner as a class/location, automate owner payouts, sync reimbursements, and keep Amazon/VRBO expenses tied to the right property.) 

.: Did you know that if you buy a $400,000 property . . .In a typically bank financing scenario you put down 20% or $80,000 and finance $320,000 for 30 years the Principal and Interest at 7% is $2,129 and over 30 years you pay $766,428 (the bank loves you)BUTif you take over a loan using a Wrap (Wrap To, it takes about $15,000 in costs) and take over the existing mortgage at 2.5% that was taken out 2 years ago your payment Principal and Interest is $1,264 ($865 a month less) and over the remaining 28 years pay $447,894 (you get to keep the difference)That's a savings of $318,534 Three times a Year!

I ask them if they will finance, then I ask how much they want for the property and how much they want per month.

And like every lender, you’re secured by the property itself.

I'd be interested in hearing more about what's working, what's not working, whether you're self-managing, and what your CPA thinks about your reports from both of these banks (Fintech companies).My situation is as follows:I contract my property management to two different companies because I own in two different locations.

.: Hi all, I figured I would ask the BP community if anyone has experience financing their first multifamily property using a USDA loan, or through the NACA homebuyer.program?

Sub2 is a way a buyer can take over a property with an existing mortgage, which is different from seller financing where the seller acts as the lender.

@Sharlene Morales seller financing, assumable loans, it all possible.  

You’ll pick this up fastest by breaking it into two parts: learning the business fundamentals and learning the financing mechanics.

Hi @Kenneth Kirkland, When you buy a property, the assets transfer but money like security deposits or reserve funds doesn’t automatically.