You'll get hung up on, laughed at, have doors shut in your face etc... but at the end of the day as long as you've researched thoroughly and know your numbers it will work out.

Side note:@Pete Nater how did your indy turnkey property work out?

With 2nds, many times we'll get a workout negotiated post FC sale, or we'll just rent it out, with us paying the 1st as a subject-to, or without paying the 1st and keeping the rent until the 1st forecloses, it's a business decision at that point.Best,Dave VH

It's probably a waste of time to even bother asking the seller to carry, it would be just crazy if they would work out some terms that would work for both of you.

The kitchen is a high traffic area, and we have three dogs that give it a good workout every day.

Otherwise their guidelines say 6 months for a cashout.Still more money in this particular property than I wanted in my acquisition stage, I'm also trying to work out a private mortgage that I could do a rate and term refi on but I'll have to see if that works out.

Either way, there are ways to work with the selling side of the equation to work out something that benefits both sides.

She can put it in her children's names (there are three of us), but we haven't taken the steps to do so just yet as we are unsure of how to do it in the best way.I am interested in the concept laid out in this post and am wondering if there is a way for me, as a new investor looking for my first property, to work out some deal that helps my mom's situation as well.

The numbers workout as follows Down Payment and closing: 52k Garage Rent: 750/month (already has tenant) Utilities included Basement Rent: 1100/month (already has tenant) Utilities included Main House: 1650/month Utilities included rented as shared rooms as my mom will live there as well Principle/Interest: 930 Insurance/Taxes: 320 Utilities: 600 Total Cost: 1850 Total Rent: 3500 With upkeep and vacancies figured in at 900/month my income should be ~750 month or a 15-17% cash on cash return.

Hello - My name is Mark Hicks from Blaine, Washington and this is my newbie introduction post.I've been a residential general contractor for the past 15 years and have purchased and sold a few properties since then, but have never pursued REI seriously.Last week I went to a "Free Seminar" by the Rich Dad company, mostly out of curiosity and an unwillingness to go work out in the rain that day.