Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.

I don't really expect the property to cash flow, I realize that it's an expensive place to operate a STR and that on-island management is necessary by Hawaii law, but I'd like to be able to cover most of my mortgage and expenses after putting 30-40% down.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

If you fail to show up with the $95,000, you forfeit your $5,000 bid and the property would be auctioned off again.So your bidding money is at risk until you pay the balance.After you win the bid, there is a 10 day redemption period in Florida where the owner can more or less "claw back" the property by paying all the money that is owed to the lender that is foreclosing.  

The entirety of this project was financed by a HELOC, and at closing, we will wipe out our debt incurred to complete this project.

Partner Driven added value to the Sierra Drive deal by investing $33,900 in renovations.

We hope to have paid-off 5-10 small multi-family properties in the Tulsa area by retirement age that should supplement our 401K's and Social-Security income.Area: West Tulsa (blue-collar neighborhood)Property Price: $360KAverage rents: $3000-$3200 (duplex)Has anyone heard/worked with Marc Ruiz in Tulsa?

Click here to know what is going on and what is going to be required.The list of inspections is pretty exhaustive and covers a lot of things within the building and sanitary codes.The city believes that it has a problem with many older buildings being in disrepair and not maintained by the owners.The owners/landlords have issues with the city because they believe the city is overstepping its authority and does not have the right to inspect the buildings.In the middle, we have the tenants who should have clean and safe apartments to live in.

Unfortunately, most landlords wait until a problem appears, then they eventually realize they are behind the 8-ball and try to figure out how to fix the problem.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

On the calls, they only go through Zillow and tell you to scroll and click FAST 😬 and you can find listings by the owner, not a realtor representing the owner.