Some tenants can detect this and will come up with lots of reasons to make you feel sorry for them and their bad situation and allow the rent payment to be low priority.

We do get tenants who get to January and say our electric bill really went up well yes it is below zero and you are paying for electric heat.

Look below this Window, and you will see a list of names of people that have posted in this thread.Click on the name of the person that you want notified via an email, that you responded to them.If you are a Colleague with anyone that has not posted in the thread, and you want them to see your post, hold down the shift key and type the first 4 letters of their First or Last Name.Then look below this Window and click on that person's name.Raymond

Of course, we would negotiate the purchase price to be lower than the asking price.

I would always use some other form of collateral, or try to work for a no collateral loan.With my parents, I offered to take out a loan at 4% for 10 years, which may even be below the current IRS standards, and my parents thought it was too stiff.

Mortgage is current.Sellers are very motivated but I to get the rehab completed with at least $10k profit(repairs include a healthy contingency %, and ARV is below comps as I know people will say this is a skinny deal) which means I need to get the property for ~$95k or below.Any ideas on how to make this a deal?

Let's also assume the interest rate is 10% which is usually below most state usury laws if they have them.

First you need to understand if you are putting some down the loan balance will be below 50k.

.), widening the stream below you are two such examples.

(but maintenance should be low for the first few years) The main houses rent for 2200- 2500$ The basement: 800-1000$ The coach homes (Over the garage): 800 $ 3800- 4300$ per month Houses come with 3 kitchens with appliances, 3 w/d The city is not allowing anymore to be built at this time (Which is good) so the inventory is low and they don't come on the market too often.