Is the principal itself reasonably secure?

That way you can take one out and won't have a gun against your head to find a deal because principal and interest payments.Originally posted by @Oleg Shalumov:@Izick Khanimov Welcome to BP. 

While I agree it's plain as day that a fiduciary cannot enter into a purchase contract with their client, it should also be plain as day that when acting as a principal buyer (after disclosing they happen to be licensed, per usual), they can then do as they wish with their equitable interest in the contract, be it close, close and immediately resell, or assign the contract (if the appropriate clauses are used), all of which are any buyer's right.

The first 200 (as the example given) will go towards paying off the interest for that month, then the other monies that you both deposited will be a principal payment.

This is a bare bones assessment without repairs....Principal and Interest and taxes : $488  (assuming 13k down on a 65000 list price)Homeowners Ins. $33 per month (assuming $400 a year, which what it is in NJ)Assoc.

Make sure your buyer knows what is happening and they are okay with it since they are a principal in the transaction.

I do understand that they will be paying my mortgage and the principal will be going down but I still need to generate positive cash flow for it to be worth it right?

I structured this private deal as a monthly principal and interest payments as there is not any value add to refi and this property is a buy and hold.

You will have to inflate it to at least more than the current principal amount to be safe but you can't inflate the sales price to high to look predatory.

This basically gets her principal back & the money she has into the house.Est.