Presenting a deal that you can't explain to the average moron in less than 30 seconds is probably not going to get the courtesy of a counter offer.

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.

Reprograming your mind to look at money and success in a different way than most average people.

My average tenant stayed 5+ years and I ALWAYS got higher than market rents.all cash

My salaried job paid me more than the average agent earned, with lots less expenses and hassles.Now I don't worry about agents not returning my phone calls.

IMO, most RE agents, like most other people are way below average!

Average car costs $25K or so, payments in the $400/month range, most people finance for LONGER than they'll keep the car.

Coming back to HK started his own production of plastic flowers where he made his fortune.

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I hope to have it back on the market in a couple of months.I have worked in the financial services industry for the past few years and recently added mortgages to my arsenal of products.