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All Forum Posts by: Demetrius Gatling

Demetrius Gatling has started 18 posts and replied 52 times.

Buying & Selling Real Estate

Post: Seller finance

Demetrius GatlingPosted
  • Investor
  • Stockbridge, GA
  • Posts 60
  • Votes 16
I found a duplex for 48,000. 1 bath/1bed both units are renter for 375. I asked the owner if he would owner finance he agreed but he doesn't own it the bank does. Is it still possible for me to move forward? Is it a good idea? He will owner finance 7,000 down sell price 48,000 mortgage 500 month. Insurance will remain in his name and he pay taxes. Help!!!!!
1 Vote
Tax Liens & Mortgage Notes

Post: Question

Demetrius GatlingPosted
  • Investor
  • Stockbridge, GA
  • Posts 60
  • Votes 16
If a property sell price is 48,000 how much cash in hand should I have yearly. Is there a certain percentage I should have?
0 Votes