If not, you can wait the entire legal duration to refund their deposit.

Depending on your relationship with them, that might be feasible, but if you're just picking up someone you don't know personally, you could bring the productiveness of the investment down because you'll both occupy unit(s).Side jobs won't really do much until you are at that side job for a sufficient duration of time - it may be 2-years.

.😎)My question is...do I keep this house, have someone pay off the mortgage for me within 10yrs ( assuming i do not refinance and ensure the extra down payments happen monthly and yearly to shorten the duration).

Pick the best Midwest city you can find for the duration from the list.  

I can do interest only loan for duration or payout with interest on back end of deal, either way, my question is I guess it can be promissory note?

Would I or the seller stipulate the rate and duration of the loan?

Has there ever been a time where anyone did a deal sub2 the existing mortgage of the seller and in the duration of the time of putting the deal together with the buyer.. had to pay the mortgage yourself out of pocket for 1 or 2 months?

In terms of financials, the longer the duration of a loan the smaller the mortage payments and conventional loans usually have a lower interest than a home equity loan.

Hello all.I am trying to embank on a joint venture rehab project and contacted a private money lender who want to charge me 1% interest for 6 months on $50,000 loan. 1% interest =$500*6=$3000 plus additional $5000 =$8000 for the 6 months duration with no extra charge at the end.

Because an FHA loan will carry PMI for the duration of the loan, I plan to refinance to a conventional loan once I have 20% equity in the property, I need to do more research and would be open to suggestions from anyone who has done done this in the past2.