They are for rentals, but all you need to do is upgrade the fixtures and cabients to the quality of the flip.For the tile, you can add some expensive border tile (accent) or lay them in a fancy way to make everything look expensive.

Jon Holdman - aka Wheatie - Today crossed the 10,000 forum post milestone here on BiggerPockets.I wanted to thank Jon for all of his incredible posts and the wonderful advice he has been giving out here on BP for years now.If Jon has been of any help to you and your business, please drop in and say thanks to him here.Thanks Jon for your friendship, wisdom, and help.

I remember when I went to the airshow as a kid the signs on the rope around the F117 said do not cross line, violators will be shot on sight.

Own a 2-unit residential home free and clear (I was originally going to finance it but a nightmare appraiser came in $500 low and the broker ordered a 2nd appraisal for $500 more of my money before closing, delaying closing by 2 weeks and I had great tenants planning on coming cross-country to move in the following week so I ended up taking an undocumented personal loan from a family member for $59,000 @ 4% interest, in addition to $20,000 of my own money (purchase price $79,000).So here I am with my investment property working out great for me with gross rents of $1395/mo (about 1.8%) but I need a cashout refinance to pay back my family member in full + interest as was the understanding.

But you can look at the cash transaction and write down the address and do a simple cross reference just to see if someone made a loan.Dave to answer your other question… I would find an attorney to handle all the paper work for you.

Thank you Mitch and Aaron...I am meeting them today and have a letter prepared to that effect :-)Keeping my fingers crossed...

Right on the trumbull/bridgeport border very close to the university (less than half a mile).

Yes I can tell you deals are owner financed for a reason.Either they do not want to get hit with stiff taxes owed or they are passing off a property with issues.Owner financing is great especially if you get nothing down and just pay closing costs.As long as you have not signed a personal guarantee,cross collateralization of other assets,or made the loan recourse in another way you can walk away unscathed if things go bad.What you will have is time put into the deal fixing the problems and even with no money down have to ask yourself what the return will be for the time invested fixing the problems.I see many owner finance deals I would not touch with a ten foot pole.They are wanting 20 to 25% down.It's better in that case to pay 30% and drive down the price harder with bank financing.One price - all cashOne price - Bank financeOne price- owner financeOne price- Hybrid of bank and owner held secondSo what a seller will accept and what you will accept and pay vary greatly by the circumstances involved.I will say good luck in finding a bunch of smoking hot deals in seller finance.If they are that low they will go for cash real quick instead.The imputed interest provision is real.Sellers do not want to go below prevailing market loan rates as you can get penalized for doing it.There are many other ways however you can structure the deal once you have the interest rate down as low as possible to add value to your purchase.

The next two were log cabins and then the other ranch house, but when that lot crossed the road I narrowed the width so the next lot had the tennis court and large barn on one side of the road and the "A" frame on the river and there was a little dog leg that went behind the barn to the neigbors.Well she ended up keeping a 600 sq ft log cabin, the other twin log cabin was leased to an adminstrator at the university who later purchased it from me .

Storm doors cannot have cross-bars.