Posted by Ron on August 28, 2008 at 13:42:17:
Hi, we are in direct contact with the principals and we need help creating notes in order to finance several residential and commercial purchases. Our purchasing criteria is as follows. We generally will offer to pay 90% or less of the Appraised value of the property. We will then resale the property at 100% of the appraised value.
We can get this price because our buyers are unable to get bank financing. All of our properties are sold with the Owner financing option. Our buyers will generally put down 10% of the appraised value or purchase price whichever is greater. We want hepl creating notes for the 90% first position mortgage. We are generally purchasing properties priced from $700,000 to $2,500.000.
These are generally residential properties. Our properties are generally located in California. Please indicate what your terms of acquisition will be so we can structure our notes to match.
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