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Wow, I have to agree! I've been looking around on the internet for awhile and this is the best one I've seen.

Thanks for the input! :D

I want to make some double sided corrugated plastic yard signs that read -
WE FINANCE
Bad Credit OK!
URL
Phone #

Does anyone know where to get them made cheaply, even if it's only 10 signs?

lol........ya think?

thanks for the comments!

what could I do to make it the best?

I buy and sell for a company who does owner financing and they do not use escrow for tax and insurance. Not only do I think it is beneficial for the seller to use escrow but I think it would be better for the buyer as well. It would also increase sales because the buyer will want tax and insurance included. I'm not sure why the company I work with doesn't use escrow but it surely has to do with costs!

Ok, thanks! All of your input was helpful.

I'm now going to read all of the posts in the Wholesale section.

Ok then,

How much of a discount do I need to get in order to wholesale and assign a contract?

Good thing this is just a practice scenario!

I have specialized in All Cash purchasing, then Owner Finance to sell but I'm serious about expanding.

I want to be able to make a deal on every call that I get.

Ok, I have another guy wanting to sell that should bring much more equity. How about I trade the house in the previous scenario for the house he wants to sell? What could I earn from it?

What does a deal need to cash flow?

I was thinking that if I could cover the payment, tax, expense, and 10% vacancy costs then I could add $100 to the rent and cash flow.

I am just trying to work this out in my head and understand why it would or wouldn't make sense. Your input is appreciated!

Seller is moving and need to sell:

Residential - Single Family
3/2/2 Ch/a - Good Condition
1444 Sq Ft
Appraised for $79,000
Bought for $75,900 2 years ago.
Owes $73,000

I want to purchase his home "Subject To" his existing financing.
Option 1 - Deed the property over to me and I will assume payments on the home & rent it out for cash flow.
Option 2 - I Assume his payments & rent it out for cash flow.

What would you suggest that I do? How do my options look? What other options are there?

How would you structure this deal?:

Seller:
Residential - Single Family
2/1/1 Livable/Fair-Poor Condition
Appraised at $28,000
744 Sq Ft
Wants to sale their house and buy my house.

My House:
Residential - Single Family
2/1/1 Livable/Fair Condition
Appraised at $25,000
840 Sq Ft
I will finance it for $36,000 with 10% down for 15 yrs at $377/month

Where do I go from here?