1.) I assume you have an idea about the type and cost of property you want to buy
2.) Good question. What is your answer?
3.) I would think the answer would be “yes” don’t you?
4.) Ask for the “lump sum” but expect the monthly. Acutally I believe the monthly is better as it helps avoid surprise endings.
This was my reply to investor. Let me know what you think.
The amount will depend On the fixer that is purchased. Also depends on how much you have to invest.
I want to build long lasting relationships with private lenders like yourself to make money for you and me. When I structure an offer on a property, I make sure that it is below market value enough to cover profit, loan, interest, fix-up cost, and seller fee’s when it is sold.
Sometimes I will find home’s that are in move in condition to sell for an even quicker profit. I am working on one of these right now. Homes in this area are selling within in days of listing. I need to research further. Seller is moving to Arizona. Could stand to make a nice profit if the deal is negotiated right.
Yes, you will get 12% of the selling price.
I would prefer to pay in one lump sum when the home sells.
When you are ready to start making money; I will start purchasing home’s.