That way you also would have a lower loan balance (because each month you have been paying down the loan) and there may be some appreciation.

Putting $5,000 down might allow you to take the full depreciation deduction, while only paying a fraction of the cost upfront, which helps balance cash flow and tax savings.Of course, owning equipment also comes with costs like maintenance and insurance.

IM located in PHX,az and would like to know the name of this deal scenario where buyer agrees to pay off completly sellers loan balance, for example , lets say seller owes $50k on a $350k home buyer agrees to pay seller that $50k and is the new owner of said home.

Going from a plea for help to landing three duplexes in just 9 months is impressive, especially while balancing college.

He is obviously raking it in with the mentorship, but I am leaning towards the value and cost being in balance.

I think you're gonna see a lot of deals underwater trading before year end, with banks trying to clean up their balance sheets.5.5% with 25% down is a very competitive rate.

Hello Mathew, when you purchase properties, are they free and clear of mortgages, if not, what do you do about the remaining balance?

The appeal of this deal lies in its low entry barrier and high potential return, made possible by your hands-on approach in sourcing and negotiating directly in the market.Financing the deal through both personal investment and banks offers a balanced leverage, while your approach to seeing potential in underappreciated properties maximizes value.

Alternatively, target non-FHA buyers to avoid this issue altogether.Consult a Real Estate Attorney: Ensure your contract language is solid, especially with regard to title protection, seller obligations, and your rights in the event of default or dispute.By balancing your need for control with the costs of formal closing, you can structure a deal that works for both you and the seller while protecting your investment.4o

"UPB" stands for 'unpaid principal balance' which refers to the outstanding principal still due on the loan.