Their terms are purchase price of $199,000, $5000 down payment (which I have no problem), remaining balance to be carried at 5% for "a while" they say, a monthly payment to them of $1,080, plus half of insurance and taxes to be paid by me which the owner figures is about $300 a month plus all utilities on me.

If you wish to call the Philadelphia 311 line from outside of the city, the number to use is (215) 686-8686Note to moderators: the above phone number is a Philadelphia government phone number that should be allowed to remain in place.

Wanting to remain passive in my journey so turnkey rentals seemed an appropriate route.

Wanting to remain passive in my journey so turnkey rentals seemed an appropriate route.

Definitely remaining persistent and relentless was valuable for me on this deal.

To utilize the remaining free time you have throughout the days off with a more active role in real estate, you could look into flipping, wholesaling, becoming a part-time realtor, or running an airbnb.

The amount is recorded on the settlement statement and a check is cut to them directly from the sales proceeds.or-At the end of the exchange all remaining proceeds come to them after the close of their purchase. 

You could do a 1031 Exchange where you sell one investment and then use the proceeds to purchase another investment. 1031 Exchange funds will not be taxed because it remains an investment.

Give me a chance and who knows, I could be a buyer/investor you remain in close contact with for years to come.  

Her home is estimated to be around $240k and she owes $37k.I'm estimating repairs to be around $10k and I currently have $50k availableI am trying to think of a way that makes sense for me to purchase the house and take care of the repairs so she doesn't have to worry about coming up with any other money, while at the same time not tying up all my money for a long period of time.