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26 October 2018 | 4 replies
I will arrange a meet to get payment to cover cost of screening and take the opportunity to do more in depth personal interview before continuing with screening. 9 times in 10 by the end of that initial interview I will know what the screening results will show.
28 October 2018 | 7 replies
Also, keep in mind that with a zero percent down loan it can be more difficult to make a deal cash flow... you may still need to come out of pocket for your monthly payment.
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26 October 2018 | 12 replies
Determine the charges and make the tenants pay it now or set up a payment plan (no more than six months).
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28 October 2018 | 4 replies
The thing is the guy wants to get a loan from the bank and make payments.
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27 September 2019 | 8 replies
What marketing techniques/venues do we use to find prospective tenant buyers who will ultimately be able qualify for a $285,000 mortgage and pay from $1800 - $2000/month lease payments.
26 October 2018 | 2 replies
Are the payments up to date or is there any reinstatement fee?
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26 October 2018 | 5 replies
I once traded a 19' Fishing boat that I took in trade for a down payment on a house and traded it for supplies.
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25 October 2018 | 3 replies
Now I don’t have much cash flow with this property but I take said rent check and put it right at mortgage so essentially I have made double payments on this property for year and half.
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28 October 2018 | 19 replies
@Russell Brazil yes I have won one specific performance suit.. but vastly different set of circumstances.the seller was losing the property and needed 40k to cure the tax ( property tax) default or they were going to lose it .In Oregon its the only state I personally know were property lost for non payment of property tax's escheats to the state.. no public auction no overage no right of redemption other than the county commissioners can over turn it down the road.. that all said there was no time to do a formal escrow so I did a Purchase and sale contract.. gave the seller 5k of non refundable EM and handed it to her..
26 October 2018 | 2 replies
See #1.3 - They CAN give you an Option Consideration (100% of the price of the option) that is at least equal to what you used (you will have already closed on your purchase of the house) for the DP & closing costs.4 - If the above #1-3 are followed, the numbers read like this: a - Your cost(s) are: 1 - the DP and closing costs and, 2 - the Mortgage Payments and Tax/insur per month b - Your tenant/buyer (your income) gives you the Option Consideration and the rent, and pays for the rest of the monthly expenses (i.e...utilities, etc...)5 - You profits are: a - The spread between your DP/Closing and the Option Consideration b - The spread between your monthly costs, and your monthly incomeJust don't mix the lease agreement with the Option to Buy agreement...in any way.