The only positives seem to be value-added bonus points to your tenants - saving them a trip to the laundromat.

There are tons of people that would love to dump their property on you right now with little or no equity position.

It is an innovative, positive program that will benefit teachers, the children they educate and the communities they serve."

I remember in a RE law class once that this is kind of the "default" position in many states.

Most sales positions take a certain amount of acting ability.

this sounds like a position i'm in.... i may end up with a good spread.so..- what is a note buyer, where do i find one (is it a bank?)

Owner gave me a WD and I started making the payments of $368.41 on the 1st mortgage & $130.88 on the 2nd mortgage.I sold the property for $89,900 on contract for Deed in 60 days $3,500 down & $604.12 @7 1/2% for 30 years My Return: Paid -$998.58 Down payment +$3,500 = $2,501.42 (Half to owner) Payment =$499.29 * Contract Payment =$604.12 * Positive cash flow $104.83 (Half to owner) In my pocket $252.13 up front & $52.42 per month x30 year = $18,869Why Would A Seller Sell To Me - The seller was motivated I found his pain and provide him the best solution I actually increase his credit score I gave him $1,250 cash in pocket I make all his payments I send him a check once a year for $629You still can profit on deals that have no equity by knowing what the average rents are in the area and if they exceed the mortgage payment, you can great a positive cash flow.I did this deal on a property that had a retail value of 497k in California with an appraised value of 562k and the monthly payment was $3,426.31 and she owed 510k and the average rent's in the area pulled $4,750 and it cost me $10, 800 to bring her current and I gave her another $5,000 for the deed. $10,800 to bring current $5,000 for the deed $5,700 for carpet and paint $750 for other costTotal out of pocket $22,250 to take control of a 500k plus property based on appraised valueI did a lease option for 5 years at a lease option purchase price for $549,000 with 25k down and $4,500 a month with 25k towards the purchase and $500 a month credit towards the purchase of the home.

:wink: Have you had positive, negative, or mixed experiences with realtors?

I used it when I was a loan officer as well as some other things you have to pay for, and it helped me structure all my loans correctly and conservatively so we were in a better position after the appraisal.

For whatever reason (he lost money in Vegas, he is a bad business man) he can find himself in a position to be forced to reduce the prices of his product.