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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.

I have been mildly successful and lately have been pulling in two deals a month.

Remember, 99% of those wannabes will NEVER pull the trigger on a deal and will be gone in a year or so.BTW, when I lived in a major metro area (Houston) I wouldn't buy anything more than 10 miles from my house.

Hey allcash...I was enrolled a while back to get my license but decided to pull out at the last minute because I realized I didn't need it.

Don't let the seller "put U in a "box" on any sized transaction...the old "i Need X$ by Ydate", or "I'll sell it for X, all over that is Yours"...they're pulling Your pud, they won't pull mine.IF it's a 25M transaction, the borrower has 1M deposited in ESCROW in <3-5 days by my investors while We do their due dilligence.

Until you pull there credit and relize they havent paid there mortgage in 120 days, have 30, 60, 90 day lates on there credit cards, tax liens, and collections from 1998.

The best solution is to make ANY clog after the first 5 days of the lease to be the tenants' responsibility.In a multi-family, it is harder to pinpoint who is responsible so offering to split that cost might be appropriate.

Make sure your remove all the molded area i.e. sheetrock, wood paneling, etc.If you have it in the walls you need to expose all the mold.Spray it w/ your mixture and let it sit for 2-3 hrs.Then you can order a product call LUMBAR if you live in the Houston area you can buy the product at Solutions, a pest control type store.Spray that on the area and it will prevent mold from comming back.J.B.

Well….there are many ways of getting to a solution…may be the one you say is not the most appropriate one….but whatever….;-)