Thank you so much for taking the time to respond! But let me use houses in my area since that is most likely where I would be starting out. Let us say a house is worth 1 million dollars (which is the average in my area) - would someone sign over their home with zero money down just because they don't want to be a landlord. Furthermore, how long can a subject-to buyer typically postpone full payment. In my area where as I said homes go for a million, and rentals go for approx 3000.00 even if there is only 500,000.00 of debt left on house, it would still take approx 14 years to pay off debt. And that is without taking into account real estate tax and other operating expenses. Would a sane person let go of a million dollar home and trust me that I would pay him 1 million dollars in 15 years just to avoid the bother of being a landlord. If i was the seller , I would rather take less than a million dollars - I would even take 800,000.00 , so I cover the remaining 500,000.00 of mortgage and know for sure that I have my money, as apposed to waiting 15 years for a million dollars with no money down. Thank you in advance for taking the time to advise me!
