The other side of the coin is that since this is coming from the bank itself that means it is a little more risky for the bank.  

With my municipality's water department giving a huge rebate, I decided that it is time to stop leasing.  However, I can hardly find any reviews on reliability of brands.If any of you have experience, good or bad, wit...

. *** will consider owner finance ***He is willing to owner-finance and below is what he emailed me: $220,000 sales price with 12.5% down ($27,500)Owner finance balance would be $192,500 at 8% interest your payment would be $1412.50 plus tax & insurance $325.73 a month.Total monthly payment of $1738.23 monthly rental income is $3125+ coin operated laundry machinesThese are legally two separate properties, so if we move forward we will need to figure out how to divide the sales price/down payment between the two.

I can tell you that I personally have spent a fair bit of coin, exponentially more than you're considering, and I don't regret it one bit.

On the other side of the coin, there are some great real estate opportunities being presented in this market. 

If you are in Illinois it maybe coined a "land contract".See http://www.atgf.com/tools-publications/pubs/may-20...To me its like a car loan, the bank owns the car, I have some kind of ownership. 

They share a parking area and coin-op laundry, and water is on one meter, so it functions as an 8-plex.Five units and above on any one tax lot will be commercial.

I spend the coin and go to a real plumbing supply store.

Here it goes.Price: Asking $282,000Taxes: $4100Insurance: $1100Gas/common area electric: 2500Water/Sewer: 2500Trash: $480Expenses: $10,680He also explained that there is a clothes washer/dryer in the basement that is shared and it's non-coin operated.

Tera,I was introduced to to a title co in Pikesville, Md by by a seasoned investor who had only praise for this compony.