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Updated over 7 years ago on . Most recent reply

User Stats

207
Posts
267
Votes
Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
Posts

12 property owner financing deal

Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Posted
I have the opportunity to buy 12 SFR in a C and D class area. The gentleman is getting out of the business and is offering owner financing. All of them would get 300 dollars a month back after PITI. I would need 18k for broker and realtor fees, plus another 5k for the termite and home inspections. What questions should I ask? What contingencies should I put in the contract? How should I go about paying off each one individually once I have them? I already have a HELOC pulled for the 23 k needed for the transaction. Just worried that I might be over-extending with all twelve at once. Any feedback would be greatly appreciated.
  • Johnny Quilenderino
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