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.

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.

:wink: Have you had positive, negative, or mixed experiences with realtors?

I used it when I was a loan officer as well as some other things you have to pay for, and it helped me structure all my loans correctly and conservatively so we were in a better position after the appraisal.

For whatever reason (he lost money in Vegas, he is a bad business man) he can find himself in a position to be forced to reduce the prices of his product.

REAL ESTATE PROVIDES LOSSES DUE MOSTLY TO DEPRECIATION EXPENSE AND PROVIDES A POSITIVE CASH FLOW, GENERALLY.

I NEVER tried hiding the fact that the San Diego house was currently not being rented out and I do not think my preapproval loan application ever asked me how much the San Diego house was being rented out for in the past, it only asked for my salary at my current job.

Facts about professional OPM…OPM approves loan based on the equity position they have in the property not the borrower’s credit history or income.

Still, getting pretty rare for VP to have a theoretical positive outcome of more than a few dollars an hour.

And it's manufacturing and use actually had a positive impact on our environment.