The house appears quite live-inable.I expect to collect rent of $1000 a month, with taxes of $1500 per year and insurance of $690 per year.

(Not many mortgage holders will allow land contracts to be done/recorded) After he left and the house was to be sold, the closing attorney had a fit to have him personally appear to sign a "Quit Claim" with regard to the deed transfer.

SteveGent, I don't have an answer as I'm a newbie, but I'd like someone to comment on an issue that crossed my mind when I looked at your numbers.It appears you will be earning 2166.12 annually on an investment of 50,000, if your assumptions are accurate.

I am glad that I found this site because it appears to have a lot of great information and appears to be a good way to network with others.We have been in business for years and we continue to expand in terms of what we do.

For example, i have looked at town homes, 4plexs, single family homes, Modular homes, etc. when i look at each one of these, they all have there different qualities. but New Modular homes seem to feel like they might be an easier investment to get started with to get my feet wet. they are cheaper, and they look like they would make a higher profit in renting them out.I hope my question is clear, and thanks for your help

I am sure it is but not sure exactly what benefit she could be getting to make it a little easier to be successful.

From what I understand one must be a licensed entity, an actual participant or contracted by one of the participants to the transaction in order to appear on the HUD-1 statement.

His full time job seems to be writing reviews.Some of the material he pans I know works because I applied it.Even the bible appears to have places where the facts do not line up.No matter what you read you need to question if it will apply in your situation.

Appearance counts for a lot.

Your very welcome, but it appears you are not sincere in your thanks.I meant no offense, and only offered my point of view and assistance.Good luck in your investments.