I say 30 yr mortgages to obtain the properties, then reduce to 15 after you get the numbers you want and want to hurry up and pay them off.I thought it was an excellent point about being a target for lawsuits.

It not only updates and freshens up the unit, it also reduces future maintenance costs and water related problems from old glue-on surrounds.

A written agreement helps to reduce the problem, but the problem will always remain.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

The time, expense, and human resources devoted to complying with the tax code would all reduce the productive capacity of the economy.The price of everything would have to be raised at every level of production to cover the cost of income taxes: The farm supply store employees, the farmer, the grain silo operator, the miller, the baker, the bread wrapper manufacturer, the grocer, and the transportation workers at every step in the process would all have their income and payroll taxes covered by the higher price of bread.

Policing of traffic and related functions (tow truck drivers, courtrooms for traffic offenses) will be greatly reduced.

I could renegotiate with the seller to reduce the price through an addendum to the contract but is there a problem with doing that after I already have my contract signed?

The rent is $950...it was reduced from being priced a little over $1000.

Let's use the 50% rule.The house can rent for $900 realistically.That is $450/mo in profits.Mortgage and interest come out to about $350/moOur down payment is about $15,000 after CC.Basically that comes out to an 8% return on the down payment, with principle being paid down, and not factoring appreciation.My question still stands...Why is the owner willing to take a reduced income from 8% interest payments, as opposed to collecting rent.A couple other points just came up in my head:1.

If your taxes reduce by 600, then you divide 600 by 12 months = 50.

They want to recover as much as possible and reduce their loss as much as possible.