I'm new to the RE biz and just bought a triplex in University City.

My name is Jon and I am a recent business management graduate from the University of WI-Whitewater.

Dave CarpenterThanks for the warm welcome!

Thanks Brandon Turner, James Vermillion, and Paul Cox for the warm welcome!

I subscribe to car university, so I can listen to him while driving.

Additional earnest money could be made say as $5,000 quarterly (initially 5 at the contract plus 4 more payments gives them 10% down....roughly).Payments are "paid out of closing" credited to the purchase price and non-refundable paid to you.To give the buyer a warm fuzzy feeling, give them the "first right of refusal" in the sale contract over the contract term.You can also put in the sale contract that it will be extended as necessary for lending requirements, say no more than 60 days, this gives them one year plus to ensure funds to close as any lending requirement to be met so long as they have a commitment.You need to tell your lender that you will be leasing the property as they will be getting a new policy from the agent.

An alumni of Northern Arizona University.

I'm retired Air Force (20 years) and currently employed at the University of Central Florida as a Sr Business Analyst.I've been studying investing off and on for almost 10 years now and I'm ready to put what I've learned into practice.

thanks everyone for the warm welcomesYes, will post a nice picture for everyone soon!.

Also, my wife is starting to warm up to living in a small multi-family :)