The Seller could pay the remaining down payment and you pay them back through a land contract.6.

I have been wanting to get this going for years, been reading/studying on & off all this time and am now getting things going.After lurking on this forum for some time, I realize that my reading has focused on motivational books with little substance and I am now struggling to come to grips with the cold calculations of the REI experienced here on BP.

She says she is going to pay $750 today and wants to work out something to pay off the remaining $350.I really just want her out and want to replace her with a better tenant.

In this case, your remaining CF of $410 x 12 = $4,920 would constitute a 16% cash on cash.

We really are looking for the truly motivated ones.I like what Brian said : >I'd do 2 things.1) Say, "Next"2) Stay in contact with her every month or so---a note or phn call "just to check in".

Keep your ears and eyes open as there are likely some motivated sellers of units that aren't listing their properties for sale.

This will be a negative number, since your payment is reducing the balance of the loan.Now, if you want to know the balance 10 years in the future, use:=fv (0.08/12, 10*12, payment, $100000)"payment" is from the first calculation.Now, subtract the remaining balance from the starting balance, $100,000 in my case.

Step one: find a propertystep two: talk with the seller, find out their motivated, negotiate a price(couldn't they sue you for 'screwing them over'?)

Due to this I've decided to work 3 more years, build up a sufficient bank roll then quit my job as a Carpenter & become a full-time Flipper.Of coarse I have tons to learn before embarking on this but I have all the enthusiasm and motivation in the world!

I've been looking to do some lease options and from my marketing I have a very motivated seller.