I'm not trying to bash the property would like to understand these deals.I'm in no means good at evaluating these deals so feel free to chime in.Rent = 7,400 mnth * 12 = 88,800 rental income / yr88,800 * .5 = 44,400.44,400/750,000 = 5.9% Cap.Assume 20% down 150k, 30 yrs, 6.5%. = 3,792 mnthly payments44,400 annual income - 45,508 debt service = -1,108 (loss in year 1)Hardly impressive.

I've been doing for 18 yrs. 11 Certifications.Can maintain cleaning swimming pools and landscape too.

Louis with almost 10 yrs. under my belt in Real Estate & Investment properties.

Every yr for the last 6 yrs I will share this with you.

broker called me today and said he had another offer at 290K and they wanted final and best...i went in at $300K, we'll see what happens, i really want this one, im ready for my nxt deal and this has the possibilities of condo conversion and/or subdivision down the road 10 yrs or so...

Write up a note saying that I'm loaning her money, payable back over ten yrs or something?

I have been in Real Estate for awhile, had a RE license for 8 yrs, developed land and built a large marina in Delaware.

My exit strategy is to 1. wholesale make 5k or more 2. sell owner finance at higher price get downpayment money 5k or more take the spread for a couple of yrs then they cash me out pay off the notes and keep the spread .

How would I analyze a deal looking at using subject to and a note for the seller, vs just wholesaling the house.my thoughts so far...wholesale = $5k (assignment )Selling L/O = down payment + cash flow spread 1 or 2 yrs + cash out spread at the end of 1 or 2 yrs = better investor So what am I missing ?

I worked for a real estate attorney for about 10 yrs before REI.