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Updated over 6 years ago on .

Luther A.'s profile image
Luther A.'s profile image
Luther A.
  • Member since May 16, 2019

User Stats

38
Posts
4
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Luther A.'s profile image
Luther A.'s profile image
Luther A.
  • Member since May 16, 2019
Luther A.
4
Votes |
38
Posts
General Landlording & Rental Properties

How to convert an owner into a tenant

Luther A.
Posted

According to this video: 

https://www.youtube.com/watch?v=yKg5ca8Em30

This guy converted a pre-foreclosure owner into a paying tenant. How would the numbers work on this? From my experience the mortgage is usually higher than rent. If you subtract Repairs, vacancies, property management there is not going to be much left. May even go into negative cash flow. Would you guys know how to make "subject to" deals into rentals. I just dont see how this would work.

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