Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

Feel free to keep us updated on your findings here.

Property management options, cost of your visitations when/if needed, and access to reliable real estate professionals that can assist you as needed.Feel free to DM me for reference to great tools and articles that can help.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

and that was owner occ.. todays rates are pretty normal actually. what you can do if you want though is find a really good HML and let them place a loan for you making 10 to 12% while your wait for things to change to a situation that you feel you want to move forward be more net return than buying a rental thats for sure. of course no tax bene's but there really is not that much tax benefit on one rental.. so just some alternatives. 

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

The meeting starts at 6 pm CST and members and 1st-time guests are free. 

If you’d like to discuss further or share your insights, feel free to reach out to meLooking forward to hearing your thoughts—thanks in advance for your input!

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