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?

I personally don’t have any debit other than 9,000 left on my student loans. 

Get them to sign an authorization to electronically debit. 

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.

I have over 30 properties, each owned by a separate LLC and each with their own bank accounts and debit cards. 

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.

Check, money order, cash, ACH, google, deposit-only debit card, whatever, get that rent to me and I'm happy.For digital payments, I have used Cozy in the past, which is great.