The term is up to you; however, they bank may not go for it.Typically the better situation is over the course of them renting they pay a bit extra into essentially a down payment fund for when they finally purchase from you.The rate and term is up to you; however, it cannot be zero.

This seems contradictory since I am essentially trying to do the same thing as a would-be purchaser, that is, buying a renovated property and financing it with a mortgage (the only difference being that I already own it outright) This new loan officer said the reason the seasoning period is different is because lenders are afraid that someone in my shoes could potentially walk away from the house once 80% of the cash was taken out of it, and the would-be purchaser has more of an incentive to actually keep the property.

I have a contract template i got off this site but im not sure what goes in each blank 4. and buyer wise do I negotiate a deal with the seller first then see what the buyer was looking to pay for the property. 5. when showing a deal to a buyer/investor what information are they looking for the most besides price. i know they want value but are things like taxes in the area or the local school district important when providing local detail on what makes the deal good?

I cant tell you how many times I have essentially given away money I rightfully deserved for my hard work and expertise, out of my desire to be "fair" and to use the gifts Ive been given to help others.

:)Sorry, J, I think I misunderstood the question.We use a variety of different charities, but essentially the charity is acting as a wholesaler in the deal.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

If the new guy is paying the mortgage (which I really doubt), the old owner is paying for the mortgage debt anyway and he made a bad deal.The QCD event is inferior to the mortgage, so it essentially didn't happen.

., a couple of clarifications;The asking price on a short sale property essentially means nothing, unless the agent actually did a proper job and priced it in accordance with the comp.s"Property forecloses for $282k--next day it is on market..."

If it is zoned in a triplex zoning district but is a quad and the town has issued a certificate of occupancy for four units than it is a legally non conforming use and you should be okay.Basically, you need to check with the town and make sure it is legally operating as a four unit building especially if you suspect they may only have authorization for 3 units.

Plenty of meat for Sub2 and leads can be asked for from the wholesaler letting them know that you will gladly work these leads and if you close a deal kick them 300 or so- essentially paying down their lead generation cost from the throw away part of the list.