All Forum Posts by: Nattapon Permchom

Hi Alex, I think your best bet is to rent it out by room. After checking numbers in your neighborhood, renting the whole house for $1200 still considered more expensive than other since your house is smaller and has less bath, yet if you buy at $160's grand you would be way under 1%. Property tax in SC will make it worse. I haven't see any deals that can be invested when purchase at 1% and have return that satisfied me, many will just breakeven or even give you negative number and most case property tax is the problem which you can't do anything about it.

Joe Villeneuve would you mind to share the plan you have for that 100k? What kind of income level we talk about for the retirement? Thank you.

Welcome Rob Green I'm in Lexington, SC. I've been investing in the area for a couple years now. Let me know if you need some info or help.

The difference is sandwich lease option you are also a renter, but in subject to you become a new owner only you don't get to do a new mortgage.

If you live there for 2 years in 5 years before selling you don't have to pay tax on the gain.

I think the poster said they put similar money, but they do the works. If this the case, they deserve more than 50%

Who says OO can't have a dumpster? And hey investors need a place to live too!

Originally posted by Aaron Mazzrillo:

Also, why are you paying 5%? If he got cash and put it in the bank how much would he get? If he got 1% and you paid him 2% to carry paper that is 100% more than he would get in a savings account! 5% is what banks get for loaning money. He isn't loaning you any money at all so why even pay interest?

why would the seller want 2%, the property can be rented out and get wayyy more than 2%, and yes he is loaning money consider he purchased the property with money, by owner financing he/she allow you to have access the money so the seller have to charge fees/interest

Rentometer.com can give you a ball park estimated for you rental properties. Just put in property's address, bedromm and it will give you a rough idea on the rent, then you can do some numbers if it looks like a deal, then you can call some rent signs and/or realtor.

You can bird dog for a small fees, if you don't have money you have to use your time.