Mortgage stays in seller's name but is paid by the buyer through a promissory note (aka contract)Mortgage Balance: $102,000 Interest Rate: 4% PITI: $531/monthSELLER FINANCE PORTION: Seller Finance: $300/month to seller for 53 months (4.4 years) = $16,000 Total House Payment: $831/month (PITI + Seller Finance)NOTE about CLOSING and seller: Seller would like to remain in the house until November 12th, 2024.

When making offers, it really comes down to the seller and what will motivate them to sell.

There are strict monitoring requirements to ensure that every gallon that goes into the tanks is either remaining in the tanks or has been pumped out. 

Despite the dip in occupancy, rates remained stable or even edged a bit higher compared to last year.

Do you see this area continuing to grow or remain stagnant, especially with the potential downturn we may be facing?

And, government bureaucrats go along with it either out of sheer stupidity and ignorance or, far more concerning, out of ulterior motives. 

@James McGovern - when it’s clear they aren’t or can’t pay then our motivation is to get them out as soon as possible to get the unit rented to a better paying tenant.We serve them with a NTQ.We offer them cash for keys (the equivalent of our attorney’s cost, which is about $1500) on a tight window of time.We explain how bad having an eviction on their record is for them.Still, only about 30% take us up on it often citing that $1500 isn’t enough moving money.

While staying at your parents' house during the week is acceptable, the property should remain your main residence.

The idea is to find motivated sellers and help them through the selling process either off-market (wholesaling/investor purchase) or on-market (hands-on coordination, cosmetic prep, referral to real estate agent).

Purchase price is 200k loan balance is 155K on mortgage statement but with the HUD loans it would add up to 177k including entry fee that would put PP at 200k Technically they are saying I'm only paying on the 155k the other remaining HUD loan that equal to 24k that is paid 2051 or when refinancing or selling this house