Are you providing a service to help the tenants abide by the contract and basic living standards?

Can someone please let me know the mechanics of the recording process on an owner-financed deal?We write up a deed and execute the sale. The deed gets recorded at the county level in NJ. Let's assume there is no CO ob...

Plus if you bought with all cash from the proceeds of the sale you would be trading down in asset value quite a bit.Depending on the refi rate you could consider keeping this and refinancing it to pull some cash out which you could use as a down payment on another property.Just some thoughts, hope they help the issue with the refi is those rates at the new loan if i do a 75% LTV will almost overcome the cash flow its producing now and basically get to a break even point.

First, as Jonathan noted, the Hands off investor is a great resource to start thinking about what you are getting into and the basic diligence that is needed.You noted Passive Pockets.

And my current DTI is basically zero as I have no outstanding debt or living expenses right now.

That is basically an extra tax return, legal fees for setup, bookkeeping costs (if you aren't doing it yourself), possibly an umbrella policy.

thanks for that so is 1.5% bad bc that's what that person messaged me  there is no regulation on Transactional funding basically its whatever you can negotiate.. 1% is the going rate from most.. some will be higher some will be lower.. just google around for TF funding and and talk to a number of those funders to find your best deal.there are half a dozen of these folks or so on BP that do provide this service maybe they will catch this thread or maybe you do some snooping around on the site and find them.

All your first set of questions can be answered by looking online or calling several local competitors.Your accounting questions though, show such a lack of basic knowledge that you probably shouldn't be doing this until you have more experience.

Basically, the higher the ROI you want, the more riskier properties you'll be forced to target.

I also thought of renters as people who are basically poor and can't buy a home. 15 years later I think that's funny.You can look up demographics, but I don't think it will give you the clarity you are looking for.