Love the content, and appreciate the education. Respectfully, 1. Repair / vacancy / Cap Ex / property management accounts for 23-25% of rent Even if you have PM in-house it’s still a cost 2. Seller providing 50k+ loan at zero percent for 10 years, WOW
Hi Pace, how are you saving on taxes if the mortgage stays in place with the owner? Also, there is a monthly income, are you saying the seller don't get the tax credit for it?
Check your spam folder. You can also try signing up for a new email. If you're still having trouble, you can book a call with my team: pacejmorby.com/yt-bookacall
Small point, you're not going to be managing this so include the 8% of rent maangement fee. 100% agree with you in regards tax benefits appreciation, principal paydown etc.
So 300 to a property manager, and 300 to Cap/Ex and repairs. Which is cool cause the three other ways the property makes money is more than enough to make this a good deal.
I could use your help with a deal I'm trying to put together with my buyer and our motivated seller that wants Creative structure deal to pay down mortgage, take over payments and bring the deal current. ❤
Math is wrong, you only included the interest on the PML and not the principal, in total you'd be paying out over $5.6k and would have negative cashflow with the rental income. And you're completely screwing over the seller, $52k in 10 years is worth a lot less than $52k now. Can't believe people fall for your BS.
love the numbers and breakdown.. knucklehead question: Purchase Price: $627,966.90 Existing Loan: $523,996.90 Equity: 627.9k-523.9k = $102,030 If seller is looking for cash of $52k, where is the $50,030 accounted for? You mentioned at ruclips.net/video/i2bCsX3QoCE/видео.htmlsi=3tKH-riJjTnocO5q&t=367 that remaining balance is $575,966.90 but mortgage amount is $523,966.90. The gap is $52k (this is new gap since seller already got their $52k). Is there another $52k that seller financed at 0% like you mentioned at 6:44 which means seller gets $52k cash plus he financed another $52k at 0% ?
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Love the content, and appreciate the education.
Respectfully,
1. Repair / vacancy / Cap Ex / property management accounts for 23-25% of rent
Even if you have PM in-house it’s still a cost
2. Seller providing 50k+ loan at zero percent for 10 years, WOW
I needed this. Looking at a killer multi family complex. Hope they will seller finance and I can bring in a Gator!
Thanks Pace, Subscribed already
Pace Morby - 1 smart cookie!
I personally always try to go creative finance. Nothing better!
Yesss you get it Marc! 🙌🏼
Hi Pace, how are you saving on taxes if the mortgage stays in place with the owner? Also, there is a monthly income, are you saying the seller don't get the tax credit for it?
I did also. Same results.
Why are you not doing this in California?
I signed up for for Gator free training several times, but I never received any email confirmation.
Check your spam folder. You can also try signing up for a new email. If you're still having trouble, you can book a call with my team: pacejmorby.com/yt-bookacall
wouldnt your payment to debbie lou be 81k/5years/12months +.09%/12
Small point, you're not going to be managing this so include the 8% of rent maangement fee. 100% agree with you in regards tax benefits appreciation, principal paydown etc.
That 8% would only be about close to an extra $300 coming out, so there's still some cashflow and everything that goes along with it, solid!
I have an internal team!!!
Nothing for vacancy / capex/ repairs ?
So 300 to a property manager, and 300 to Cap/Ex and repairs. Which is cool cause the three other ways the property makes money is more than enough to make this a good deal.
I could use your help with a deal I'm trying to put together with my buyer and our motivated seller that wants Creative structure deal to pay down mortgage, take over payments and bring the deal current. ❤
I nodded
I'm that Gator you need. Come find me.
Math is wrong, you only included the interest on the PML and not the principal, in total you'd be paying out over $5.6k and would have negative cashflow with the rental income.
And you're completely screwing over the seller, $52k in 10 years is worth a lot less than $52k now.
Can't believe people fall for your BS.
love the numbers and breakdown.. knucklehead question:
Purchase Price: $627,966.90
Existing Loan: $523,996.90
Equity: 627.9k-523.9k = $102,030
If seller is looking for cash of $52k, where is the $50,030 accounted for?
You mentioned at ruclips.net/video/i2bCsX3QoCE/видео.htmlsi=3tKH-riJjTnocO5q&t=367 that remaining balance is $575,966.90 but mortgage amount is $523,966.90. The gap is $52k (this is new gap since seller already got their $52k).
Is there another $52k that seller financed at 0% like you mentioned at 6:44 which means seller gets $52k cash plus he financed another $52k at 0% ?