My plan is to get a prepaid list of fresh probates, have a detailed mailing campaign, make phone calls and have a means to close deals.

Actual closing costs, plus prepaid insurance and taxes run 5-6% here.

I paid 12 months of insurance as a prepaid item during closing.Loses - After entering everything, I showed a total net loss of $3463, and a deductible loss of $450. 

The property would have to appraise at the $101,000.The concessions can cover things like the prepaid taxes and other closing costs related items.You also have to ask for the concessions while you're submitting your offer.

They should include prepaid items like property taxes and mortgage insurance premium and title insurance.

You’re supposed to pay what the current numbers (NOI) dictate.... he already pre-paid for all the value he’s planning add soooo you tell me..... is his exit strategy to break even?

But, if you get a credit, it will just show up in your interest rate.Total closing costs are usually around 4% to 5% depending on the prepaid items like 6 months in property taxes.

We recommend you to collect 1 year's pre-paid insurance, 2 month taxes & ins reserves, and include the monthly servicing fee in the monthly payment amount.Also, if your buyer speaks another language, it is also important that they sign a translation letter of the documents provided.I am an owner finance specialist and I am here to help answer any additonal seller finance questions you may have.

The attorneys and the title company make sure there are no open issues and that buyer and seller get appropriate pro-rated credit for any prepaid taxes, sewer, etc.

(Built 2018)PRICE: $150,990PAID: 25% Down ($37,747.50) 4.875% Interest Rate; 30 Year Fixed (Conventional Loan)APPRAISAL: $168,100OWE: $113,242RENT: $1,425PRINCIPLE & INTEREST: $599.29PROPERTY TAX: $146.90 (This is not based on a vacant lot)INSURANCE: $50.14MANAGEMENT FEE: $128.25 (9% with Property Frameworks)TOTAL: $924.58CASH FLOW: $500.42LAWN CARE: Tenant responsibility MAINTENANCE: $1,000 prepaid in escrowIt is a good deal and I'm happy with it