You achieve your goals, now see if you can achieve the seller's goals, might delay the RE commission or part of it, the agent might carry back a note for part of the commissions and interest on that should easily be covered by you in rents.

It's not unusual for investors to feel reluctant to mandate their tenants to purchase renter's insurance, but I would propose some benefits to investors and then have a suggestion as to getting your tenants on board with carrying it.1.

Seller wants 10% down w/ closing costs and they carry 'back Paper' @10% amortized over 15 year.

I'm about $4k over my max purchase price...So now, every dollar I can save my friend by selling to me instead of a third party means I PAY less on top of the net proceeds of sale, effectively reducing the purchase price of the property for myself - -so yes, the seller's costs DO in fact carry over to benefit me in a way. 

It's the best and least costly way than what you're doing on your own. 4 weeks and no offers has to start hurting your carrying costs.Can you send the address so we can look at your work?

Things come up though, so you are likely going to have some unexpected surprises.4) Plan out your carry costs as part of your budget.5) Make a schedule.  

Not matter if its a one off seller carry back, land contract, or a large mortgage institution.

So, how long can you afford to carry the property if the tenants stop paying rent?

If the seller is willing to carry back a loan, that's where you can really make this deal work.

Hi there - thought i would ask the bigger pockets community in case there is someone who has done this before - I own a 4plex with my sister and ex-brother-in-law. they want out, so I want to buy their shares. they each own a quarter. i will assume their portion of the mortgage loan, but they also have some equity, i'm thinking about 40k to each, and they have agreed to carry that loan with seller financing over 10 years. but my question is, in this scenario, can the loan to them be secured by the property?