I don't do 6 month contracts.

That doesn't just include the interest rate but can also include many/all loan costs as well - varies by state but can include points, title, escrow, processing fees, etc. 

or do i have to sign a month-to-month agreement? 

In addition, depending on the sales contract they may be prorating the rent paid already paid for this month.

In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR.

For less than the cost of ONE lead, you can get a high-converting website going and get your own leads.

I’ll be contacting gnnd folks next week to see if we can tap into the “silent second” mortgage, in which sits the other 50% of the cost of the house, before our 3 years are up.

There will be unexpected costs that come up, so make sure you give a little cushion in your budgeting for that. 5) Screening- Have a thorough and standardized screening process.

For example if they're only needing to draw $50K (often a minimum required by lenders) the payments on the HELOC might be closer to $700+/- monthly interest only.In all likelihood borrowers will not be in their HELOC beyond the initial 5-10 year draw period.

No one really talks about this but they should because a lot of people get stuck buying a new fancy home and then in 12-24 months they are under water.Again not everywhere but in a lot of places where you see a small phase of builds go up and then it’s off to another city or county.The other thing that is not talked about much is home prices if the home price is under say $200K the builder loses interest.