- 3/2 - all Brick - No Flood Zone - No pools - No Deck - Built in 2006Original tenants have remained in the property with yearly increases to rent.

And lastly, it is one of the few remaining markets that you can get a 'steal' for a property.....all I recommend is that you rely on your 'boots on the ground' to point you in the right area codes.  5/30/24 Update:  I have been patiently waiting until our court date to reply to this post. 

@Justin Reyes Let me ask you this...If you owned a marketable piece of real estate and no longer cared to own the property what would you rather do: (a) Sell the property, pay off your mortgage and move on to other opportunities; or(b) Sell the property without paying off the loan,  remain liable for the loan as the note signer and trust the buyer will continue to make payments on that loan, and if they don't your personal credit is damaged? 

This amount represents your monthly positive cash flow.Balloon Payment Calculation:After 5 years, the buyer owes the remaining balance of the $400,000 loan.

The mortgage remains in the seller’s name, but the buyer gains ownership of the property and makes the payments.Risk: This can trigger the Due on Sale Clause, so it’s essential to understand the risks and have a plan in place if the lender calls the loan due.Wraparound Mortgage (All-Inclusive Trust Deed - AITD):Definition: A wraparound mortgage involves creating a new mortgage that "wraps around" the existing one.

Our strategy is to purchase a multi-family unit that would allow us to occupy one unit and rent out the remaining units on a long term basis. 

I saw an opportunity to buy because properties were remaining on the market for a long time. 

Then over next 2 years you pay down the remaining 70% of the purchase price?  

Jefferson County's population has remained more-or-less stable since 2000: https://worldpopulationreview.com/us-counties/al/jefferson-c...

The home is worth $1.3mm today, and I have $700k remaining mortgage and $600k equity in the house.