-=Taxes=-Depreciable Amount is 75%, also using 27.5-Year Straight Line depreciation-=Spreadsheet Results=-BUY PRICE: $48,666CASH INVESTMENT: $15,683 (includes down payment and initial fixups)Cash On Cash Return (Cash Flow Before Taxes/Initial Investment) -- starts out at 8% and goes up from there every year until about year 10 at 13%.Modified Internal Rate of Return, After Tax -- starts out at around 17.9%..then goes down to about 12.83% in year 10 if I resell it.NOTE: This is for a Duplex, so resell value on these I'm basing off of Cap Rates for the area.  

I was just surprised by his last comment to us when I asked him this question:Can they legally rescind our contract and resell this unit if we do not comply with their demands?

Very hard to ever resell here.

Example you give Equistream 15k and they buy a house in Ohio at a discount, resell it for 40k leaving you as the note holder collecting mortgage payments at higher interest rates (due to the lower qualifications of the tenants/buyer) on that 40k.

@Priti Donnelly@Carlos PtriawanYou are the lessee and the capital gain related to the value of the property belongs to the owner.Mind you, you could resell the lease and make a capital gain in theory.

Also, anything against the seller's name since the time of purchase could be clouding title.Taxtitleservices is a legit company that makes it possible to re-sell and re-finance properties purchased at tax deed sale.

That way if they decide to split in the middle of the agreement you can always resell the house and you have already made a decent profit on it.Ryan

Portfolio lender simply means that they keep the loans that they make in house and don't resell them to other investors on the secondary market.

Second, by reselling you avoid payment problems, repossession problems, rehabbing after units 'trashed' by buyers, and having to pay the park rent when the buyers don't.Most parks don't let you own and rent out the units so take the cash and move on.

Hi TravisIt is unwise to improve a property you are not on titleIt is better to do a JV w the sellerARV - rehab - resale costs (commissions etc) - JV fee for Rei = note to seller, paid in full upon resaleBuy it, fix it, resell itNo loans is private 1st mortExisting first mortgage is sub2Make 5 to 10 percent of ARV as a JV fee@Travis Thornton