If the seller gets caught doing this he could have to pay the remaining balance of the loan in as little as 30 days.

. / median household income / median house price for this community, not the entire city.It is much more difficult to "flip" the house in today's market due to the lending crunch so buyers are fewer and further between.If you can get enough rent to positively cash flow the home, rent it for at least a year.

That equity is a safety cushion so that you don't find yourself in an upside down situation, where you have a mortgage balance that's higher than what the house is worth.

:D Here in Australia, it's true that it's been historically difficult to get realtors to present an owner-financed deal to the vendors in such a way that it's likely to be accepted.

It balances out the good years that had good profits.Or you can be going along, not having much in the line of expenses and have a tenant go off the deep end and end up with a very bad move-out that costs a bundle.

But the things you'll spend that on are real expenses.Its difficult to itemize the expenses.

These types of situations though very difficult do pop up occasionally.

I have found a few properties that the owner will allow an me to assume the mortgage, I will give a down payment, and they will owner finance the remaining balance.

I was just trading board messages with another member regarding how difficult it's been to find a residential/non commercial cash recapture loan, at normal interest rates, without waiting 6-12 months.

What checks and balances do you have in place to ensure that your referral fee is secure?