I’m in a bit of a unique situation, so I was just exploring my options.

Challenges?

The most challenging part for me was finding an end buyer but I eventually did and my first transaction was for $13k.

I have one potential tenant who wants 3 out of the 4 offices and a few other possibilities lined up who might be interested in the 4th.Here are some factors to the decision:My ultimate goal is to buy and hold properties for a long period of time so that once they are paid off, this will be my retirement income (I'm currently 35).While I have a positive cashflow on my first property, I don't have a lot saved up at this point that I could put towards a downpayment for the second property.I talked to a banker who, based on my current finances, would finance 100% of the property, 5 or 10 year loan, 4.5%, amortized either 20 or 25 years.So...from my perspective that looks like $0 down other than closing costs, and tenants lined up who are interested in the office.One problem is that given the asking price, and what the monthly mortgage + operating costs would be, the rents for the 4 offices would be 20-25% higher than the market rate.The potential tenant who is interested in the 3 offices is willing to pay that because there are some unique characteristics that they are specifically looking for that would be hard to find somewhere else.Let's say that tenant is willing to sign a 5 year lease initially.

I've used it less than a dozen times and not one tenant challenged it verbally, in writing, or in court.

Challenges?

Check book IRA’s are helpful in that regard and can bring challenges to own property in them but not unmanageable.

Challenges?

Challenges?

Hi guys,I’m looking for a condo under $50K in Houston, TX preferably with owner financing and I have 10% down at $5K My situation is unique.