I want the seller to carry the note the full term of the loan and I expect that interest to be reasonable and never change Your actually doing the seller a favor in many ways therefore I expect my back to get scratched too on the terms .

I carry the max to reduce my premiums.

Hitting the ground running with my first post.Just started here with DP and my first order of business while I am learning all I can is:I have purchased my first property to rehab and rent.I need a financial input to carry me through the rehab and a tenant is found.The nitty- I paid cash for the property on a bank repo. 50k on a 75k valuation                  I am performing the rehab my self. apx 20k on a 95+k valuation                  Property is on one of most desirable streets with best view.

What if you carry a note for a property where the owner has stopped paying property taxes?  

=================================Property Value: $2,000,000Down payment and Carrying Cost: $535,000 (25% down plus carrying cost for closing etc.)Repair Cost: $100,000Investment period: 3 YearsSales Price: $2,300,000Sales Carrying Cost: $125,000 (sales commission to broker 4%, final water/electric/gas/other bills, any other charges)After three-year mortgage balance: $1,500,000 - $265,000 (principal that are paid off in three years) = $1,235,000Rental income total at 7% of down payment: $105,000 Total Proceeds: $2,300,000 - $1,235,000 - $125,000 = $940,00065% of proceeds: ($105,000 + $940,000) * .80 = $836,000Total investment: $635,000Percentage on return: ($836,000 - $635,000) / (3 * $635,000) = 10.55%===================================

Acquisition costs, rehab costs, carrying costs, selling costs, etc.).

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I have read recently identity thefts are carried out by advertising non-existent rentals and asking people for info on the pretext of vetting them.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.