The better part was that he agreed to take $5000 down and carry the remaining $25,000 at 6% interest with it all coming due in 18 months or when the house was built and sold, whichever came first.

Naturally, the lease agreement carries my name as the landlord.

I was looking for a 1980s+ building but the cash flow on this one seems very good compared to others I've seen. 155k price, seller carrying 115k @ 4%, 10 year balloon, amortiz 15 years. gross is about 3,500 a month.For water and gas, I didn't get actual bills, but I got the bank statement bill pay page that showed all her payments within the past 12 months.

These investments carry lower returns though.

Unless you are razor thin - more important would be the ratio of debt you carry especially unsecured.

I doubt they would take a pure subject to, but sub 2 with a seller carried second might work.

If this does get passed, we as investors must look into our bag of tricks for strategies to avoid or reduce this potential occurance. 1031, sell with owner carried notes, land trusts, etc.That is the great advantage of RE investing.

Best, Carrie

Like I mentioned pricing over the last 12 months and even prior going back several years has been relatively the same with some upward pressure.Newer defaults in NY are trading in the mid 50%'s and older vintage which carries risk of collection limitations trades in the 40%'s depending.  

I have my RE wholesale business step up and now I'm wondering do I have to carry business insurance for this particular part of RE.