The property is not under contract, so I'm hopeful that I still have a shot but will not go above the price that works for my numbers.The property is cheap enough so my plan is to do a cash deal and then re-fi out once I rehab and the title seasons.My #'s have it cash-flowing at 265/mo. (2bd 1ba - could potentially be a 3bd which would be a huge win).Thanks in advance!

I know FI is being aggressive right now.

i own property and have done owner financing for a few people and it has worked out so far, but land contracts are just not fair to the buyer. also i would talk with a bank and see if they will let you refi and be done with the owner fi in a year.

Semper Fi

Originally posted by Colleen F.:I

Joseph F. ,I

If you can do the re-fi on those terms, then yes, $300/mo. cash flow on a -$2000 investment looks attractive.

Listen to your local attorney, that's what you're paying for.Having bought many tax sale properties, I have NEVER been able to get title insurance, finance, re-fi, or sell to anybody knowledgable, without first either getting a Quit Claim Deed or running a Quiet Title Action.

That work is guaranteed if any future problems come up.Wi-FiWe added Wi-Fi to the apartments for three reasons:1.Our tenant can use it now and it will help with future marketing2.Andy and I can now use facetime on our iphones.

I also calculate with 100% financing in case I ever want to refi (or just fi in this case).