Posted by Crissy Matheson on November 22, 2004 at 07:41:11:
It’s not how slow you make it. It’s how you make it slow.
The windowing system preferred by masochists 3 to 1.
Built to take on the world… and lose!
Don’t try it 'til you’ve knocked it.
e! Power tools for Power Fools.
Putting new limits on productivity.
The closer you look, the cruftier we look.
Design by counterexample.
A new level of software disintegration.
No hardware is safe.
Do your time.
Rationalization, not realization.
Old-world software cruftsmanship at its finest.
THE user interference management system.
You can’t argue with failure.
You haven’t died 'til you’ve used it.
The environment of today… tomorrow!
soma cheap somaAnd, Lord, we’re especially thankful for nuclear power, the cleanest,
safest energy source there is, except for solar, which is just a pipe
– Homer Simpson
Bart vs. Thanksgiving
buy soma order soma onlineLet us not look back in anger or forward in fear, but around us in awareness.
– James Thurber
Selling a Note on property I own - Posted by ArtV
Posted by ArtV on May 17, 2004 at 11:39:32:
I am an investor and have been investing for about 5 years. I have a mixed use 5 unit building. I purchased this building 2 years ago cash. The building is currently worth about 200-215,000. I purchased the property for 50,000 and I put about 20-30k into fixing it up. I then got a 1st mortgage of 100,000 about 1 year ago. I have two questions, I was looking at putting a 2nd mortgage on the property for 55,000 and discounting it to 50,000. I also planned on paying six-months of payments at closing to create instant seasoning. This building has very good casflow in excess of 3800/mth. Is a second mortgage with interest only payments for a 3 year term feasible? I have been reading a gew post on this board and I see that their is not alot of love for ballon payments. So instead I would like to setup the rollover that I have heard some mention on this board. Maybe for an additional year or two for a fee.
So my questions are:
Does this sound like a note that can be sold quickly?
Should I have created a note to buy and fix-up the property when i first purchased it instead?
I ask the second question because I can usually find other properties to purchase like this if I didnt have to come up with a dp and show my credit. i can usually find deals with very low LTV.
Let me know any thoughts…
Re: Selling a Note on property I own - Posted by Jes Phillips
Posted by Jes Phillips on September 28, 2004 at 05:19:50:
Selma: It’s time to give away my love like so much cheap wine.
Homer: Take it to the hoop, Selma!
– Homer Simpson
cialis “The pyramid is opening!”
“The one with the ever-widening hole in it!”
– Firesign Theater, “How Can You Be In Two Places At
Once When You’re Not Anywhere At All”
Re: Selling a Note on property I own - Posted by ActiveREInvestor
Posted by ActiveREInvestor on May 21, 2004 at 17:06:21:
What you are suggesting is not easy to deal with. I am a note buyer and
I would likely suggest something different. It would be expensive.
I take it that you can not easily refinance. Mixed use can be difficult. Is
that the issue here?
Get in touch if you want to explore some ideas. Like I said it might be
an issue and take a special buyer who understand the property better
then the average note buyer.